2023
Exports
$4.33MWorld Rnk 33 / 160
Flag Rnk 247 / 1091
2023
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.38Rnk 66 / 1025
2023
Imports
$18.6MWorld Rnk 40 / 202
Flag Rnk 271 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $4.33M in Knitting Machine Accessories, making it the 33rd largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 247th most exported product in Guatemala. The main destination of Knitting Machine Accessories exports from Guatemala are: Honduras ($2.84M), El Salvador ($1.05M), Nicaragua ($266k), United Kingdom ($120k), and Austria ($28.3k).

The fastest growing export markets for Knitting Machine Accessories of Guatemala between 2022 and 2023 were Nicaragua ($266k), El Salvador ($206k), and United Kingdom ($120k).

Imports In 2023, Guatemala imported $18.6M in Knitting Machine Accessories, becoming the 40th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 271st most imported product in Guatemala. Guatemala imports Knitting Machine Accessories primarily from: South Korea ($4.71M), Switzerland ($2.33M), Spain ($1.87M), Germany ($1.72M), and United States ($1.41M).

The fastest growing import markets in Knitting Machine Accessories for Guatemala between 2022 and 2023 were Switzerland ($1.51M), Spain ($558k), and United States ($403k).

COMPANIES In 2024, leading companies such as EDT (Export, Development & Trade) (2) were at the forefront of shipping Knitting Machine Accessories from Guatemala to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Knitting Machine Accessories. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.33M
IMPORTS (2023)$18.6M
NET TRADE (2023)-$14.2M

In 2023, Guatemala exported $4.33M in Knitting Machine Accessories. The main destinations of Guatemala exports on Knitting Machine Accessories were Honduras ($2.84M), El Salvador ($1.05M), Nicaragua ($266k), United Kingdom ($120k), and Austria ($28.3k).

In 2023, Guatemala imported $18.6M in Knitting Machine Accessories, mainly from South Korea ($4.71M), Switzerland ($2.33M), Spain ($1.87M), Germany ($1.72M), and United States ($1.41M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Nicaragua$266k (533k%)
El Salvador$206k (24.3%)
United Kingdom$120k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Guatemala WERE (2022 - 2023):
Brazil-$15k (-100%)
Dominican Republic-$5.51k (-100%)
Costa Rica-$1.9k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Knitting Machine Accessories were:
In 2023, Guatemala's main importing competitors in Knitting Machine Accessories were:

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $38.2k
TOP IMPORT POTENTIALChina+ $865k

Knitting Machine Accessories’s highest export potential is Brazil. With an export gap of $38.2k.   Knitting Machine Accessories’s highest import potential is China with an import gap of $865k.

See methodology.

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