2023
Exports
$237MWorld Rnk 35 / 208
Flag Rnk 11 / 1091
2023
PRODUCT COMPLEXITY IN Baked Goods
-0.25Rnk 632 / 1025
2023
Imports
$189MWorld Rnk 51 / 226
Flag Rnk 25 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $237M in Baked Goods, making it the 35th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 11th most exported product in Guatemala. The main destination of Baked Goods exports from Guatemala are: Honduras ($62.4M), El Salvador ($47.7M), Nicaragua ($32.7M), Costa Rica ($28.9M), and Panama ($21M).

The fastest growing export markets for Baked Goods of Guatemala between 2022 and 2023 were Mexico ($7.3M), El Salvador ($4.75M), and Costa Rica ($3.78M).

Imports In 2023, Guatemala imported $189M in Baked Goods, becoming the 51st largest importer of Baked Goods in the world. At the same year, Baked Goods was the 25th most imported product in Guatemala. Guatemala imports Baked Goods primarily from: El Salvador ($53.9M), Costa Rica ($38.6M), Honduras ($37.9M), Mexico ($27.7M), and United States ($11.2M).

The fastest growing import markets in Baked Goods for Guatemala between 2022 and 2023 were Costa Rica ($9.2M), Mexico ($4.84M), and Honduras ($4.5M).

Latest Trends

Jan 2025

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 Baked Goods. 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 (2023)$237M
IMPORTS (2023)$189M
NET TRADE (2023)$48.6M

In 2023, Guatemala exported $237M in Baked Goods. The main destinations of Guatemala exports on Baked Goods were Honduras ($62.4M), El Salvador ($47.7M), Nicaragua ($32.7M), Costa Rica ($28.9M), and Panama ($21M).

In 2023, Guatemala imported $189M in Baked Goods, mainly from El Salvador ($53.9M), Costa Rica ($38.6M), Honduras ($37.9M), Mexico ($27.7M), and United States ($11.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Mexico$7.3M (72.3%)
El Salvador$4.75M (11.1%)
Costa Rica$3.78M (15.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Guatemala WERE (2022 - 2023):
Cuba-$3.1M (-63.1%)
Dominican Republic-$844k (-5.32%)
Ecuador-$189k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Baked Goods were:
Germany $5.89B
Canada $5.28B
Italy $4.02B
In 2023, Guatemala's main importing competitors in Baked Goods were:

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.7M
TOP IMPORT POTENTIALMexico+ $14.2M

Baked Goods’s highest export potential is United States. With an export gap of $14.7M.   Baked Goods’s highest import potential is Mexico with an import gap of $14.2M.

See methodology.

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