2022
Exports
$1.19MWorld Rnk 57 / 194
Flag Rnk 412 / 1099
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$1.05MWorld Rnk 82 / 217
Flag Rnk 764 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $1.19M in Wood Ornaments, making it the 57th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 412th most exported product in Guatemala. The main destination of Wood Ornaments exports from Guatemala are: United States ($938k), Netherlands ($88.1k), El Salvador ($77.8k), Honduras ($38.6k), and Belize ($23.5k).

The fastest growing export markets for Wood Ornaments of Guatemala between 2021 and 2022 were United States ($154k), El Salvador ($48.8k), and Honduras ($22.3k).

Imports In 2022, Guatemala imported $1.05M in Wood Ornaments, becoming the 82nd largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 764th most imported product in Guatemala. Guatemala imports Wood Ornaments primarily from: China ($631k), United States ($99.8k), El Salvador ($61.9k), Ecuador ($46.3k), and Costa Rica ($40.9k).

The fastest growing import markets in Wood Ornaments for Guatemala between 2021 and 2022 were China ($351k), Ecuador ($46.3k), and Costa Rica ($37.3k).

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 Ornaments. 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)$1.19M
IMPORTS (2022)$1.05M
NET TRADE (2022)$135k

In 2022, Guatemala exported $1.19M in Wood Ornaments. The main destinations of Guatemala exports on Wood Ornaments were United States ($938k), Netherlands ($88.1k), El Salvador ($77.8k), Honduras ($38.6k), and Belize ($23.5k).

In 2022, Guatemala imported $1.05M in Wood Ornaments, mainly from China ($631k), United States ($99.8k), El Salvador ($61.9k), Ecuador ($46.3k), and Costa Rica ($40.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United States$154k (19.7%)
El Salvador$48.8k (168%)
Honduras$22.3k (136%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Guatemala WERE (2021 - 2022):
Netherlands-$97.2k (-52.5%)
France-$1.21k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Guatemala's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $639k
TOP IMPORT POTENTIALChina+ $276k

Wood Ornaments’s highest export potential is United States. With an export gap of $639k.   Wood Ornaments’s highest import potential is China with an import gap of $276k.

See methodology.

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