2022
Exports
$2.31MWorld Rnk 80 / 184
Flag Rnk 325 / 1099
2022
PRODUCT COMPLEXITY IN Lifting Machinery
1.12Rnk 128 / 1025
2022
Imports
$40.6MWorld Rnk 78 / 219
Flag Rnk 148 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $2.31M in Lifting Machinery, making it the 80th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 325th most exported product in Guatemala. The main destination of Lifting Machinery exports from Guatemala are: El Salvador ($939k), Mexico ($434k), Costa Rica ($238k), Nicaragua ($228k), and Honduras ($185k).

The fastest growing export markets for Lifting Machinery of Guatemala between 2021 and 2022 were El Salvador ($682k), Mexico ($349k), and Costa Rica ($97.1k).

Imports In 2022, Guatemala imported $40.6M in Lifting Machinery, becoming the 78th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 148th most imported product in Guatemala. Guatemala imports Lifting Machinery primarily from: China ($9.79M), United States ($5.96M), South Korea ($4.13M), Canada ($2.84M), and Mexico ($2.64M).

The fastest growing import markets in Lifting Machinery for Guatemala between 2021 and 2022 were Canada ($2.42M), South Korea ($2.29M), and Peru ($1.48M).

Latest Trends

Jul 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 Lifting Machinery. 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 (2022)$2.31M
IMPORTS (2022)$40.6M
NET TRADE (2022)-$38.3M

In 2022, Guatemala exported $2.31M in Lifting Machinery. The main destinations of Guatemala exports on Lifting Machinery were El Salvador ($939k), Mexico ($434k), Costa Rica ($238k), Nicaragua ($228k), and Honduras ($185k).

In 2022, Guatemala imported $40.6M in Lifting Machinery, mainly from China ($9.79M), United States ($5.96M), South Korea ($4.13M), Canada ($2.84M), and Mexico ($2.64M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$682k (265%)
Mexico$349k (410%)
Costa Rica$97.1k (69.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Guatemala WERE (2021 - 2022):
Honduras-$134k (-42%)
China-$101k (-100%)
Colombia-$2.33k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Guatemala's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $693k
TOP IMPORT POTENTIALChina+ $4.09M

Lifting Machinery’s highest export potential is Mexico. With an export gap of $693k.   Lifting Machinery’s highest import potential is China with an import gap of $4.09M.

See methodology.

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