NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $9.18BRnk 34 / 220
2023
Flag → Flag
Top Product $3.71BRefined Petroleum
2023
Flag → Flag
Exports $5.16BRnk 1 / 170
2023
Flag → Flag
Top Product $1.18BBananas
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

United States-Guatemala Trade: In 2023, United States exported $9.18B to Guatemala. The main products that United States exported to Guatemala were Refined Petroleum ($3.71B), Petroleum Gas ($397M), and Corn ($333M). Over the past 5 years the exports of United States to Guatemala have increased at an annualized rate of 4.25%, from $7.46B in 2018 to $9.18B in 2023.

In 2017, United States exported services to Guatemala worth $1.7B, with Travel ($823M), Transportation ($395M), and Financial services ($184M) being the largest in terms of value.

Guatemala-United States Trade: In 2023, Guatemala exported $5.16B to United States. The main products that Guatemala exported to United States were Bananas ($1.18B), Knit Sweaters ($561M), and Coffee ($438M). Over the past 5 years the exports of Guatemala to United States have increased at an annualized rate of 2.36%,  from $4.59B in 2018 to $5.16B in 2023.

In 2023, Guatemala did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Company data: In 2023, leading companies such as Chiquita (9.33k), Dole Fresh Fruit (8.87k), and Classic Fruit Company (3.36k) were at the forefront of exporting goods from Guatemala to the United States. Conversely, Bananera Nacional S.a. (3.49k), Bananera Tepeyac, S.a.. (2.21k), and Chiquita Guatemala Sociedad Anonima (1.95k) were notable for importing products to Guatemala from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $860M and imported $337M from Guatemala, resulting in a positive trade balance of $523M. Between November 2023 and November 2024 the exports of United States have increased by $87.8M (11.4%) from $773M to $860M, while imports decreased by $-20.8M (-5.82%) from $358M to $337M.

Trade In November 2024, the top exports of United States to Guatemala were Refined Petroleum ($445M), Commodities not elsewhere specified ($47.3M), Corn ($39.7M), Soybean Meal ($29.7M), and Telephones ($21.9M). In November 2024 the top imports of United States from Guatemala were Bananas ($72.9M), Knit Sweaters ($50.6M), Knit T-shirts ($41.1M), Melons ($41.1M), and Raw Sugar ($27.3M).

Origins In November 2024 the exports of United States were mainly from Texas ($294M), Florida ($106M), Louisiana ($88M), Mississippi ($61.3M), and California ($60.4M), while imports destinations were mainly Florida ($106M), Texas ($42.4M), California ($38.3M), New Jersey ($22.9M), and North Carolina ($14.6M).

Growth In November 2024, the increase in United States's year-by-year exports to Guatemala was explained primarily by an increase in product exports in Refined Petroleum ($158M or 55.2%), Soybean Meal ($14.4M or 93.4%), and Petroleum Coke ($12.5M or 250%). In November 2024, the decrease in United States's year-by-year imports  from Guatemala was explained primarily by an decrease in product imports  in Knit Sweaters ($-21.5M or -29.9%), Knit T-shirts ($-4.49M or -9.85%), and Knit Women's Suits ($-3.77M or -51.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$87.8M(11.4%)
IMPORT GROWTH (November 2023 - November 2024)$-20.8M(-5.82%)
MAIN EXPORTER (November 2024)Texas$294M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Guatemala and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Guatemala and United States Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $9.18B to Guatemala. The main products exported from United States to Guatemala were Refined Petroleum ($3.71B), Petroleum Gas ($397M), and Corn ($333M). During the last 5 years the exports of United States to Guatemala have increased at an annualized rate of 4.25%, from $7.46B in 2018 to $9.18B in 2023.

In 2018, Guatemala exported $5.16B to United States. The main products exported from Guatemala to United States were Bananas ($1.18B), Knit Sweaters ($561M), and Coffee ($438M). During the last 5 years the exports of Guatemala to United States have increased at an annualized rate of 2.36%, from $4.59B in 2023 to $5.16B in 2018.

Exports from United States (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Guatemala
Top DestinationUnited States$5.16B

This map shows whether countries import more from United States or Guatemala. Each country is colored based on the difference in imports they receive from United States and Guatemala or the difference in the growth in imports.

In 2023, countries that imported more from United States than Guatemala included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Guatemala than United States included Syria ($8.82M).

Difference in imports from Guatemala (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Guatemala

Flow
Scale

This chart compares trade between United States and Guatemala by product, considering products traded by both, United States and Guatemala.

During 2023, United States had a large net trade with Guatemala in the exports of Mineral Products ($4.25B), Machines ($785M), and Foodstuffs ($760M).

During 2018, Guatemala had a large net trade with United States in the exports of Vegetable Products ($2.58B), Textiles ($1.58B), and Foodstuffs ($495M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Guatemala+$36.4MCars
Top Product Potential Guatemala United States+$84.7MKnit Sweaters

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Guatemala. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Guatemala (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms