2023
Exports
$970kWorld Rnk 48 / 187
Flag Rnk 425 / 1091
2023
PRODUCT COMPLEXITY IN Tool Sets
1.14Rnk 126 / 1025
2023
Imports
$3.45MWorld Rnk 61 / 219
Flag Rnk 574 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $970k in Tool Sets, making it the 48th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 425th most exported product in Guatemala. The main destination of Tool Sets exports from Guatemala are: United States ($489k), Germany ($240k), Mexico ($147k), Belize ($35k), and El Salvador ($28.3k).

The fastest growing export markets for Tool Sets of Guatemala between 2022 and 2023 were United States ($488k), Belize ($34.5k), and Costa Rica ($23.9k).

Imports In 2023, Guatemala imported $3.45M in Tool Sets, becoming the 61st largest importer of Tool Sets in the world. At the same year, Tool Sets was the 574th most imported product in Guatemala. Guatemala imports Tool Sets primarily from: China ($1.77M), United States ($1.08M), Mexico ($242k), Chinese Taipei ($130k), and Germany ($108k).

The fastest growing import markets in Tool Sets for Guatemala between 2022 and 2023 were China ($279k), Mexico ($208k), and Italy ($25.4k).

Latest Trends

Jan 2025

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 Tool Sets. 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 (2023)$970k
IMPORTS (2023)$3.45M
NET TRADE (2023)-$2.48M

In 2023, Guatemala exported $970k in Tool Sets. The main destinations of Guatemala exports on Tool Sets were United States ($489k), Germany ($240k), Mexico ($147k), Belize ($35k), and El Salvador ($28.3k).

In 2023, Guatemala imported $3.45M in Tool Sets, mainly from China ($1.77M), United States ($1.08M), Mexico ($242k), Chinese Taipei ($130k), and Germany ($108k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
United States$488k (45.8k%)
Belize$34.5k (6.03k%)
Costa Rica$23.9k (1.85k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Guatemala WERE (2022 - 2023):
Germany-$485k (-66.9%)
Mexico-$79.8k (-35.2%)
Panama-$733 (-50.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Tool Sets were:
In 2023, Guatemala's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $137k
TOP IMPORT POTENTIALChina+ $227k

Tool Sets’s highest export potential is Mexico. With an export gap of $137k.   Tool Sets’s highest import potential is China with an import gap of $227k.

See methodology.

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