2022
Exports
$1.12BWorld Rnk 5 / 161
Flag Rnk 2 / 1099
2022
PRODUCT COMPLEXITY IN Bananas
-1.99Rnk 1001 / 1025
2022
Imports
$2.11MWorld Rnk 100 / 196
Flag Rnk 671 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $1.12B in Bananas, making it the 5th largest exporter of Bananas in the world. At the same year, Bananas was the 2nd most exported product in Guatemala. The main destination of Bananas exports from Guatemala are: United States ($1.01B), Canada ($19.5M), United Kingdom ($12.7M), Poland ($12.2M), and Netherlands ($9.68M).

The fastest growing export markets for Bananas of Guatemala between 2021 and 2022 were United States ($112M), United Kingdom ($8.05M), and Netherlands ($7.65M).

Imports In 2022, Guatemala imported $2.11M in Bananas, becoming the 100th largest importer of Bananas in the world. At the same year, Bananas was the 671st most imported product in Guatemala. Guatemala imports Bananas primarily from: Mexico ($1.74M), Honduras ($307k), United States ($29k), Ecuador ($26k), and El Salvador ($10.3k).

The fastest growing import markets in Bananas for Guatemala between 2021 and 2022 were Mexico ($624k), Honduras ($123k), and El Salvador ($7.16k).

COMPANIES In 2023, leading companies such as Chiquita (7.86k), Del Monte Foods (672), and One Banana (69) were at the forefront of shipping Bananas from Guatemala to the United States.

Latest Trends

Aug 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 Bananas. 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)$1.12B
IMPORTS (2022)$2.11M
NET TRADE (2022)$1.12B

In 2022, Guatemala exported $1.12B in Bananas. The main destinations of Guatemala exports on Bananas were United States ($1.01B), Canada ($19.5M), United Kingdom ($12.7M), Poland ($12.2M), and Netherlands ($9.68M).

In 2022, Guatemala imported $2.11M in Bananas, mainly from Mexico ($1.74M), Honduras ($307k), United States ($29k), Ecuador ($26k), and El Salvador ($10.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United States$112M (12.5%)
United Kingdom$8.05M (173%)
Netherlands$7.65M (376%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Guatemala WERE (2021 - 2022):
Russia-$14.8M (-97.2%)
Poland-$13.5M (-52.6%)
South Korea-$5.08M (-65.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Bananas were:
In 2022, Guatemala's main importing competitors in Bananas were:

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $12.2M
TOP IMPORT POTENTIALMexico+ $439k

Bananas’s highest export potential is Japan. With an export gap of $12.2M.   Bananas’s highest import potential is Mexico with an import gap of $439k.

See methodology.

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