2022
Exports
$49.7MWorld Rnk 58 / 221
Flag Rnk 67 / 1099
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Suits
-1.17Rnk 874 / 1025
2022
Imports
$32.9MWorld Rnk 83 / 225
Flag Rnk 177 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $49.7M in Non-Knit Men's Suits, making it the 58th largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 67th most exported product in Guatemala. The main destination of Non-Knit Men's Suits exports from Guatemala are: United States ($41.6M), El Salvador ($4.1M), Honduras ($764k), Germany ($751k), and Netherlands ($416k).

The fastest growing export markets for Non-Knit Men's Suits of Guatemala between 2021 and 2022 were United States ($19.6M), Honduras ($510k), and Kuwait ($206k).

Imports In 2022, Guatemala imported $32.9M in Non-Knit Men's Suits, becoming the 83rd largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 177th most imported product in Guatemala. Guatemala imports Non-Knit Men's Suits primarily from: China ($7.66M), United States ($4.72M), Bangladesh ($4.01M), Honduras ($3.18M), and Mexico ($2.21M).

The fastest growing import markets in Non-Knit Men's Suits for Guatemala between 2021 and 2022 were China ($2.95M), Bangladesh ($2.49M), and United States ($786k).

Latest Trends

May 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 Non-Knit Men's Suits. 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)$49.7M
IMPORTS (2022)$32.9M
NET TRADE (2022)$16.9M

In 2022, Guatemala exported $49.7M in Non-Knit Men's Suits. The main destinations of Guatemala exports on Non-Knit Men's Suits were United States ($41.6M), El Salvador ($4.1M), Honduras ($764k), Germany ($751k), and Netherlands ($416k).

In 2022, Guatemala imported $32.9M in Non-Knit Men's Suits, mainly from China ($7.66M), United States ($4.72M), Bangladesh ($4.01M), Honduras ($3.18M), and Mexico ($2.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United States$19.6M (89.5%)
Honduras$510k (201%)
Kuwait$206k (258%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Guatemala WERE (2021 - 2022):
El Salvador-$1.77M (-30.2%)
China-$146k (-45.1%)
Austria-$96.5k (-98.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Non-Knit Men's Suits were:
In 2022, Guatemala's main importing competitors in Non-Knit Men's Suits were:

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.3M
TOP IMPORT POTENTIALChina+ $3.9M

Non-Knit Men's Suits’s highest export potential is United States. With an export gap of $23.3M.   Non-Knit Men's Suits’s highest import potential is China with an import gap of $3.9M.

See methodology.

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