2023
Exports
$1.55BWorld Rnk 3 / 163
Flag Rnk 1 / 1091
2023
PRODUCT COMPLEXITY IN Bananas
-1.96Rnk 995 / 1025
2023
Imports
$2.18MWorld Rnk 98 / 203
Flag Rnk 648 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $1.55B in Bananas, making it the 3rd largest exporter of Bananas in the world. At the same year, Bananas was the 1st most exported product in Guatemala. The main destination of Bananas exports from Guatemala are: United States ($1.18B), Canada ($172M), Poland ($30.6M), United Kingdom ($26.8M), and Germany ($23.6M).

The fastest growing export markets for Bananas of Guatemala between 2022 and 2023 were United States ($60.6M), United Kingdom ($13.4M), and Norway ($5.84M).

Imports In 2023, Guatemala imported $2.18M in Bananas, becoming the 98th largest importer of Bananas in the world. At the same year, Bananas was the 648th most imported product in Guatemala. Guatemala imports Bananas primarily from: Mexico ($1.79M), Honduras ($183k), Ecuador ($141k), United States ($53.5k), and Panama ($9.78k).

The fastest growing import markets in Bananas for Guatemala between 2022 and 2023 were Ecuador ($112k), United States ($23.8k), and Panama ($9.78k).

COMPANIES In 2024, leading companies such as Chiquita (6.17k), Del Monte Foods (544), and Dole Fresh Fruit (127) were at the forefront of shipping Bananas from Guatemala to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.55B
IMPORTS (2023)$2.18M
NET TRADE (2023)$1.55B

In 2023, Guatemala exported $1.55B in Bananas. The main destinations of Guatemala exports on Bananas were United States ($1.18B), Canada ($172M), Poland ($30.6M), United Kingdom ($26.8M), and Germany ($23.6M).

In 2023, Guatemala imported $2.18M in Bananas, mainly from Mexico ($1.79M), Honduras ($183k), Ecuador ($141k), United States ($53.5k), and Panama ($9.78k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
United States$60.6M (5.41%)
United Kingdom$13.4M (100%)
Norway$5.84M (33.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Guatemala WERE (2022 - 2023):
South Korea-$4.49M (-66.1%)
Hong Kong-$1.68M (-24.4%)
China-$1.61M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Guatemala's main exporting competitors in Bananas were:
In 2023, Guatemala's main importing competitors in Bananas were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

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