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Exports In 2022, Guatemala exported $32.9k in Nitric Acids, making it the 65th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 855th most exported product in Guatemala. The main destination of Nitric Acids exports from Guatemala are: El Salvador ($12.9k), Nicaragua ($11.9k), Costa Rica ($4.1k), Panama ($2.79k), and Honduras ($1.14k).

The fastest growing export markets for Nitric Acids of Guatemala between 2021 and 2022 were Nicaragua ($6.48k), El Salvador ($4.1k), and Panama ($2.79k).

Imports In 2022, Guatemala imported $488k in Nitric Acids, becoming the 81st largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 865th most imported product in Guatemala. Guatemala imports Nitric Acids primarily from: Netherlands ($398k), Belgium ($52.4k), Germany ($23.1k), United States ($8.47k), and Canada ($5.35k).

The fastest growing import markets in Nitric Acids for Guatemala between 2021 and 2022 were Netherlands ($134k), Belgium ($20.2k), and United States ($2.27k).

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 Nitric Acids. 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)$32.9k
IMPORTS (2022)$488k
NET TRADE (2022)-$455k

In 2022, Guatemala exported $32.9k in Nitric Acids. The main destinations of Guatemala exports on Nitric Acids were El Salvador ($12.9k), Nicaragua ($11.9k), Costa Rica ($4.1k), Panama ($2.79k), and Honduras ($1.14k).

In 2022, Guatemala imported $488k in Nitric Acids, mainly from Netherlands ($398k), Belgium ($52.4k), Germany ($23.1k), United States ($8.47k), and Canada ($5.35k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Nicaragua$6.48k (118%)
El Salvador$4.1k (46.8%)
Panama$2.79k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Guatemala WERE (2021 - 2022):
Costa Rica-$8.98k (-68.6%)
Honduras-$439 (-27.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Nitric Acids were:
In 2022, Guatemala's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $737
TOP IMPORT POTENTIALBelgium+ $21.1k

Nitric Acids’s highest export potential is Germany. With an export gap of $737.   Nitric Acids’s highest import potential is Belgium with an import gap of $21.1k.

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