2022
Exports
$115kWorld Rnk 79 / 146
Flag Rnk 726 / 1099
2022
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.75Rnk 772 / 1025
2022
Imports
$8.01MWorld Rnk 67 / 218
Flag Rnk 422 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $115k in Pure Olive Oil, making it the 79th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 726th most exported product in Guatemala. The main destination of Pure Olive Oil exports from Guatemala are: Honduras ($82.1k), El Salvador ($18.8k), United States ($11k), Costa Rica ($1.16k), and Belize ($552).

The fastest growing export markets for Pure Olive Oil of Guatemala between 2021 and 2022 were El Salvador ($8.09k), Panama ($508), and Costa Rica ($417).

Imports In 2022, Guatemala imported $8.01M in Pure Olive Oil, becoming the 67th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 422nd most imported product in Guatemala. Guatemala imports Pure Olive Oil primarily from: Spain ($6.49M), Italy ($784k), United States ($281k), El Salvador ($149k), and Costa Rica ($100k).

The fastest growing import markets in Pure Olive Oil for Guatemala between 2021 and 2022 were Spain ($599k), El Salvador ($43.2k), and United States ($36.8k).

COMPANIES In 2023, leading companies such as EDT (Export, Development & Trade) (17), Goya Foods (6), and Chevron (2) were at the forefront of shipping Pure Olive Oil from Guatemala to the United States.

Latest Trends

Aug 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 Pure Olive 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)$115k
IMPORTS (2022)$8.01M
NET TRADE (2022)-$7.89M

In 2022, Guatemala exported $115k in Pure Olive Oil. The main destinations of Guatemala exports on Pure Olive Oil were Honduras ($82.1k), El Salvador ($18.8k), United States ($11k), Costa Rica ($1.16k), and Belize ($552).

In 2022, Guatemala imported $8.01M in Pure Olive Oil, mainly from Spain ($6.49M), Italy ($784k), United States ($281k), El Salvador ($149k), and Costa Rica ($100k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$8.09k (75.7%)
Panama$508 (1%)
Costa Rica$417 (56.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Guatemala WERE (2021 - 2022):
Honduras-$35.1k (-29.9%)
United States-$16.1k (-59.4%)
Ecuador-$8.82k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
In 2022, Guatemala's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.3k
TOP IMPORT POTENTIALItaly+ $457k

Pure Olive Oil’s highest export potential is United States. With an export gap of $40.3k.   Pure Olive Oil’s highest import potential is Italy with an import gap of $457k.

See methodology.

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