2022
Exports
$2.48MWorld Rnk 66 / 199
Flag Rnk 319 / 1099
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$20.9MWorld Rnk 72 / 220
Flag Rnk 249 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $2.48M in Special Pharmaceuticals, making it the 66th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 319th most exported product in Guatemala. The main destination of Special Pharmaceuticals exports from Guatemala are: Honduras ($1.68M), El Salvador ($330k), Nicaragua ($317k), Costa Rica ($132k), and Belize ($17.2k).

The fastest growing export markets for Special Pharmaceuticals of Guatemala between 2021 and 2022 were El Salvador ($187k), Nicaragua ($46.7k), and Dominican Republic ($4.12k).

Imports In 2022, Guatemala imported $20.9M in Special Pharmaceuticals, becoming the 72nd largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 249th most imported product in Guatemala. Guatemala imports Special Pharmaceuticals primarily from: United States ($3.32M), Germany ($2.44M), South Korea ($1.97M), Brazil ($1.79M), and Spain ($1.57M).

The fastest growing import markets in Special Pharmaceuticals for Guatemala between 2021 and 2022 were Germany ($1.08M), Brazil ($702k), and Spain ($611k).

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 Special Pharmaceuticals. 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)$2.48M
IMPORTS (2022)$20.9M
NET TRADE (2022)-$18.4M

In 2022, Guatemala exported $2.48M in Special Pharmaceuticals. The main destinations of Guatemala exports on Special Pharmaceuticals were Honduras ($1.68M), El Salvador ($330k), Nicaragua ($317k), Costa Rica ($132k), and Belize ($17.2k).

In 2022, Guatemala imported $20.9M in Special Pharmaceuticals, mainly from United States ($3.32M), Germany ($2.44M), South Korea ($1.97M), Brazil ($1.79M), and Spain ($1.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$187k (131%)
Nicaragua$46.7k (17.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Guatemala WERE (2021 - 2022):
Honduras-$1.62M (-49.2%)
Costa Rica-$10.7k (-7.47%)
Belize-$1.66k (-8.83%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Special Pharmaceuticals were:
In 2022, Guatemala's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.42M
TOP IMPORT POTENTIALUnited States+ $1.44M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $1.42M.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $1.44M.

See methodology.

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