2022
Exports
$937MWorld Rnk 6 / 149
Flag Rnk 3 / 1099
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$49.4MWorld Rnk 88 / 208
Flag Rnk 126 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $937M in Palm Oil, making it the 6th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 3rd most exported product in Guatemala. The main destination of Palm Oil exports from Guatemala are: Netherlands ($356M), Spain ($181M), Mexico ($129M), El Salvador ($80.6M), and Italy ($67.7M).

The fastest growing export markets for Palm Oil of Guatemala between 2021 and 2022 were Netherlands ($191M), Mexico ($38.8M), and Spain ($23.6M).

Imports In 2022, Guatemala imported $49.4M in Palm Oil, becoming the 88th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 126th most imported product in Guatemala. Guatemala imports Palm Oil primarily from: Honduras ($21.3M), Peru ($9.98M), Mexico ($9.88M), Indonesia ($3.74M), and Costa Rica ($1.86M).

The fastest growing import markets in Palm Oil for Guatemala between 2021 and 2022 were Peru ($6.87M), Honduras ($5.05M), and Cameroon ($49.3k).

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 Palm Oil. 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)$937M
IMPORTS (2022)$49.4M
NET TRADE (2022)$888M

In 2022, Guatemala exported $937M in Palm Oil. The main destinations of Guatemala exports on Palm Oil were Netherlands ($356M), Spain ($181M), Mexico ($129M), El Salvador ($80.6M), and Italy ($67.7M).

In 2022, Guatemala imported $49.4M in Palm Oil, mainly from Honduras ($21.3M), Peru ($9.98M), Mexico ($9.88M), Indonesia ($3.74M), and Costa Rica ($1.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Netherlands$191M (115%)
Mexico$38.8M (43.3%)
Spain$23.6M (15%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Guatemala WERE (2021 - 2022):
Italy-$79.8M (-54.1%)
Nicaragua-$2.39M (-5.66%)
United Kingdom-$1.88M (-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 Palm Oil were:
In 2022, Guatemala's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $29.9M
TOP IMPORT POTENTIALIndonesia+ $4.28M

Palm Oil’s highest export potential is Mexico. With an export gap of $29.9M.   Palm Oil’s highest import potential is Indonesia with an import gap of $4.28M.

See methodology.

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