2022
Exports
$335MWorld Rnk 54 / 217
Flag Rnk 10 / 1099
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$598MWorld Rnk 65 / 224
Flag Rnk 4 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $335M in Packaged Medicaments, making it the 54th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most exported product in Guatemala. The main destination of Packaged Medicaments exports from Guatemala are: Honduras ($85.4M), Nicaragua ($72.2M), El Salvador ($61.4M), Costa Rica ($37.5M), and Panama ($36.8M).

The fastest growing export markets for Packaged Medicaments of Guatemala between 2021 and 2022 were Honduras ($9.82M), Nicaragua ($8.5M), and Costa Rica ($5.4M).

Imports In 2022, Guatemala imported $598M in Packaged Medicaments, becoming the 65th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Guatemala. Guatemala imports Packaged Medicaments primarily from: India ($104M), Spain ($64.2M), Mexico ($59.8M), Germany ($54.4M), and United States ($50.3M).

The fastest growing import markets in Packaged Medicaments for Guatemala between 2021 and 2022 were Germany ($42.2M), India ($32.1M), and United States ($30.1M).

Latest Trends

Sep 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 Packaged Medicaments. 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)$335M
IMPORTS (2022)$598M
NET TRADE (2022)-$263M

In 2022, Guatemala exported $335M in Packaged Medicaments. The main destinations of Guatemala exports on Packaged Medicaments were Honduras ($85.4M), Nicaragua ($72.2M), El Salvador ($61.4M), Costa Rica ($37.5M), and Panama ($36.8M).

In 2022, Guatemala imported $598M in Packaged Medicaments, mainly from India ($104M), Spain ($64.2M), Mexico ($59.8M), Germany ($54.4M), and United States ($50.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$9.82M (13%)
Nicaragua$8.5M (13.4%)
Costa Rica$5.4M (16.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Guatemala WERE (2021 - 2022):
Colombia-$4.32M (-73.6%)
Panama-$3.66M (-9.04%)
Venezuela-$3.56M (-58.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Packaged Medicaments were:
In 2022, Guatemala's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.4M
TOP IMPORT POTENTIALGermany+ $30.7M

Packaged Medicaments’s highest export potential is United States. With an export gap of $25.4M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $30.7M.

See methodology.

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