2022
Exports
$6.47MWorld Rnk 60 / 152
Flag Rnk 215 / 1099
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$2.81MWorld Rnk 137 / 211
Flag Rnk 615 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $6.47M in Seed Oils, making it the 60th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 215th most exported product in Guatemala. The main destination of Seed Oils exports from Guatemala are: Honduras ($2.84M), El Salvador ($2.64M), Panama ($379k), Costa Rica ($353k), and Belize ($190k).

The fastest growing export markets for Seed Oils of Guatemala between 2021 and 2022 were Honduras ($1.38M), El Salvador ($1.34M), and Costa Rica ($353k).

Imports In 2022, Guatemala imported $2.81M in Seed Oils, becoming the 137th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 615th most imported product in Guatemala. Guatemala imports Seed Oils primarily from: Argentina ($2.6M), United States ($151k), Mexico ($39.5k), Canada ($11.3k), and Germany ($449).

The fastest growing import markets in Seed Oils for Guatemala between 2021 and 2022 were United States ($67.9k), Mexico ($39.4k), and Canada ($11.3k).

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 Seed Oils. 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)$6.47M
IMPORTS (2022)$2.81M
NET TRADE (2022)$3.66M

In 2022, Guatemala exported $6.47M in Seed Oils. The main destinations of Guatemala exports on Seed Oils were Honduras ($2.84M), El Salvador ($2.64M), Panama ($379k), Costa Rica ($353k), and Belize ($190k).

In 2022, Guatemala imported $2.81M in Seed Oils, mainly from Argentina ($2.6M), United States ($151k), Mexico ($39.5k), Canada ($11.3k), and Germany ($449).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$1.38M (94%)
El Salvador$1.34M (104%)
Costa Rica$353k (4.42M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Guatemala WERE (2021 - 2022):
Spain-$43.3k (-100%)
France-$39 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Guatemala's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $221k
TOP IMPORT POTENTIALUnited States+ $128k

Seed Oils’s highest export potential is United States. With an export gap of $221k.   Seed Oils’s highest import potential is United States with an import gap of $128k.

See methodology.

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