2022
Exports
$5.44kWorld Rnk 81 / 121
Flag Rnk 953 / 1099
2022
PRODUCT COMPLEXITY IN Vanilla
-1.9Rnk 988 / 1025
2022
Imports
$23kWorld Rnk 105 / 198
Flag Rnk 1091 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $5.44k in Vanilla, making it the 81st largest exporter of Vanilla in the world. At the same year, Vanilla was the 953rd most exported product in Guatemala. The main destination of Vanilla exports from Guatemala are: United States ($1.72k), Switzerland ($1.55k), Canada ($1.17k), Estonia ($367), and Maldives ($310).

The fastest growing export markets for Vanilla of Guatemala between 2021 and 2022 were Switzerland ($1.55k), Estonia ($367), and Maldives ($310).

Imports In 2022, Guatemala imported $23k in Vanilla, becoming the 105th largest importer of Vanilla in the world. At the same year, Vanilla was the 1091st most imported product in Guatemala. Guatemala imports Vanilla primarily from: United States ($18.5k), Germany ($4.25k), Spain ($219), and Panama ($35).

The fastest growing import markets in Vanilla for Guatemala between 2021 and 2022 were United States ($9.03k), Spain ($219), and Panama ($35).

COMPANIES In 2023, leading companies such as Goya Foods (102) were at the forefront of shipping Vanilla from Guatemala to the United States.

Latest Trends

Oct 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 Vanilla. 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)$5.44k
IMPORTS (2022)$23k
NET TRADE (2022)-$17.5k

In 2022, Guatemala exported $5.44k in Vanilla. The main destinations of Guatemala exports on Vanilla were United States ($1.72k), Switzerland ($1.55k), Canada ($1.17k), Estonia ($367), and Maldives ($310).

In 2022, Guatemala imported $23k in Vanilla, mainly from United States ($18.5k), Germany ($4.25k), Spain ($219), and Panama ($35).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Switzerland$1.55k (1%)
Estonia$367 (1%)
Maldives$310 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Guatemala WERE (2021 - 2022):
Austria-$58.7k (-100%)
United States-$4.95k (-74.2%)
Philippines-$237 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.86k
TOP IMPORT POTENTIALGermany+ $2.54k

Vanilla’s highest export potential is United States. With an export gap of $4.86k.   Vanilla’s highest import potential is Germany with an import gap of $2.54k.

See methodology.

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