2022
Exports
$24.9MWorld Rnk 47 / 177
Flag Rnk 105 / 1099
2022
PRODUCT COMPLEXITY IN Wood Carpentry
-0.052Rnk 563 / 1025
2022
Imports
$4.82MWorld Rnk 111 / 222
Flag Rnk 515 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $24.9M in Wood Carpentry, making it the 47th largest exporter of Wood Carpentry in the world. At the same year, Wood Carpentry was the 105th most exported product in Guatemala. The main destination of Wood Carpentry exports from Guatemala are: United States ($17M), Panama ($2.57M), Nicaragua ($2.07M), Costa Rica ($1.37M), and El Salvador ($663k).

The fastest growing export markets for Wood Carpentry of Guatemala between 2021 and 2022 were Jamaica ($170k), Guyana ($35.3k), and Barbados ($28.1k).

Imports In 2022, Guatemala imported $4.82M in Wood Carpentry, becoming the 111th largest importer of Wood Carpentry in the world. At the same year, Wood Carpentry was the 515th most imported product in Guatemala. Guatemala imports Wood Carpentry primarily from: China ($1.73M), Brazil ($880k), Honduras ($754k), Austria ($463k), and Colombia ($381k).

The fastest growing import markets in Wood Carpentry for Guatemala between 2021 and 2022 were Honduras ($645k), China ($630k), and Colombia ($340k).

Latest Trends

Jul 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 Wood Carpentry. 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)$24.9M
IMPORTS (2022)$4.82M
NET TRADE (2022)$20M

In 2022, Guatemala exported $24.9M in Wood Carpentry. The main destinations of Guatemala exports on Wood Carpentry were United States ($17M), Panama ($2.57M), Nicaragua ($2.07M), Costa Rica ($1.37M), and El Salvador ($663k).

In 2022, Guatemala imported $4.82M in Wood Carpentry, mainly from China ($1.73M), Brazil ($880k), Honduras ($754k), Austria ($463k), and Colombia ($381k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Carpentry EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Jamaica$170k (152%)
Guyana$35.3k (92.2%)
Barbados$28.1k (154%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Carpentry BY Guatemala WERE (2021 - 2022):
Bahamas-$5.73M (-98%)
United States-$5.39M (-24.1%)
El Salvador-$3.88M (-85.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Wood Carpentry were:
Canada $1.96B
China $1.89B
Austria $1.87B
In 2022, Guatemala's main importing competitors in Wood Carpentry were:

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Trade Value of Wood Carpentry by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.36M
TOP IMPORT POTENTIALChina+ $714k

Wood Carpentry’s highest export potential is United States. With an export gap of $7.36M.   Wood Carpentry’s highest import potential is China with an import gap of $714k.

See methodology.

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