2022
Exports
$142MWorld Rnk 68 / 221
Flag Rnk 26 / 96
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal
0.3Rnk 451 / 1025
2022
Imports
$134MWorld Rnk 84 / 226
Flag Rnk 43 / 96
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $142M in Wood, wood articles, & charcoal, making it the 68th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 26th most exported product in Guatemala. The main destination of Wood, wood articles, & charcoal exports from Guatemala are: United States ($68.5M), Honduras ($26M), El Salvador ($17.1M), India ($5.14M), and China ($4.13M).

The fastest growing export markets for Wood, wood articles, & charcoal of Guatemala between 2021 and 2022 were Honduras ($4.54M), United States ($4.24M), and Guatemala ($786k).

Imports In 2022, Guatemala imported $134M in Wood, wood articles, & charcoal, becoming the 84th largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 43rd most imported product in Guatemala. Guatemala imports Wood, wood articles, & charcoal primarily from: China ($35.4M), Chile ($32.8M), Brazil ($16.1M), Costa Rica ($10.3M), and United States ($7.83M).

The fastest growing import markets in Wood, wood articles, & charcoal for Guatemala between 2021 and 2022 were Chile ($8.48M), Costa Rica ($7.46M), and Honduras ($1.9M).

COMPANIES In 2023, leading companies such as Costco Wholesale (1) were at the forefront of shipping Wood, wood articles, & charcoal from Guatemala to the United States.

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, wood articles, & charcoal. 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)$142M
IMPORTS (2022)$134M
NET TRADE (2022)$7.87M

In 2022, Guatemala exported $142M in Wood, wood articles, & charcoal. The main destinations of Guatemala exports on Wood, wood articles, & charcoal were United States ($68.5M), Honduras ($26M), El Salvador ($17.1M), India ($5.14M), and China ($4.13M).

In 2022, Guatemala imported $134M in Wood, wood articles, & charcoal, mainly from China ($35.4M), Chile ($32.8M), Brazil ($16.1M), Costa Rica ($10.3M), and United States ($7.83M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$4.54M (21.1%)
United States$4.24M (6.59%)
Guatemala$786k (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY Guatemala WERE (2021 - 2022):
Bahamas-$5.73M (-98%)
China-$2.32M (-36%)
Dominican Republic-$1.87M (-77%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Wood, wood articles, & charcoal were:
China $18.7B
Germany $12.9B
In 2022, Guatemala's main importing competitors in Wood, wood articles, & charcoal were:

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24.7M
TOP IMPORT POTENTIALUnited States+ $4.13M

Wood, wood articles, & charcoal’s highest export potential is United States. With an export gap of $24.7M.   Wood, wood articles, & charcoal’s highest import potential is United States with an import gap of $4.13M.

See methodology.

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