2023
Exports
$336MWorld Rnk 55 / 214
Flag Rnk 9 / 1091
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$782MWorld Rnk 62 / 226
Flag Rnk 5 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $336M in Packaged Medicaments, making it the 55th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most exported product in Guatemala. The main destination of Packaged Medicaments exports from Guatemala are: Honduras ($81.2M), Nicaragua ($72.5M), El Salvador ($64.7M), Panama ($47.1M), and Costa Rica ($28.3M).

The fastest growing export markets for Packaged Medicaments of Guatemala between 2022 and 2023 were Nicaragua ($12M), Panama ($11M), and El Salvador ($8.78M).

Imports In 2023, Guatemala imported $782M in Packaged Medicaments, becoming the 62nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Guatemala. Guatemala imports Packaged Medicaments primarily from: India ($108M), Mexico ($85.6M), Spain ($69.3M), El Salvador ($53.1M), and United States ($51.4M).

The fastest growing import markets in Packaged Medicaments for Guatemala between 2022 and 2023 were Mexico ($19.4M), France ($18.1M), and El Salvador ($6.82M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$336M
IMPORTS (2023)$782M
NET TRADE (2023)-$446M

In 2023, Guatemala exported $336M in Packaged Medicaments. The main destinations of Guatemala exports on Packaged Medicaments were Honduras ($81.2M), Nicaragua ($72.5M), El Salvador ($64.7M), Panama ($47.1M), and Costa Rica ($28.3M).

In 2023, Guatemala imported $782M in Packaged Medicaments, mainly from India ($108M), Mexico ($85.6M), Spain ($69.3M), El Salvador ($53.1M), and United States ($51.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Nicaragua$12M (19.9%)
Panama$11M (30.5%)
El Salvador$8.78M (15.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Guatemala WERE (2022 - 2023):
Honduras-$4.21M (-4.92%)
Venezuela-$1.64M (-65.2%)
Ecuador-$1.42M (-17.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Guatemala's main exporting competitors in Packaged Medicaments were:
In 2023, Guatemala's main importing competitors in Packaged Medicaments were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with