2022
Exports
$12.9MWorld Rnk 9 / 96
Flag Rnk 145 / 1099
2022
PRODUCT COMPLEXITY IN Borates
-0.2Rnk 618 / 1025
2022
Imports
$10.8MWorld Rnk 21 / 184
Flag Rnk 361 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $12.9M in Borates, making it the 9th largest exporter of Borates in the world. At the same year, Borates was the 145th most exported product in Guatemala. The main destination of Borates exports from Guatemala are: Brazil ($9.68M), Mexico ($1.15M), Costa Rica ($1.04M), Nicaragua ($619k), and Honduras ($246k).

The fastest growing export markets for Borates of Guatemala between 2021 and 2022 were Brazil ($6.59M), Costa Rica ($984k), and Nicaragua ($84.6k).

Imports In 2022, Guatemala imported $10.8M in Borates, becoming the 21st largest importer of Borates in the world. At the same year, Borates was the 361st most imported product in Guatemala. Guatemala imports Borates primarily from: Turkey ($9.4M), United States ($972k), Peru ($240k), Australia ($50.2k), and Italy ($49.6k).

The fastest growing import markets in Borates for Guatemala between 2021 and 2022 were United States ($132k), Italy ($49.6k), and Australia ($43.5k).

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 Borates. 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)$12.9M
IMPORTS (2022)$10.8M
NET TRADE (2022)$2.12M

In 2022, Guatemala exported $12.9M in Borates. The main destinations of Guatemala exports on Borates were Brazil ($9.68M), Mexico ($1.15M), Costa Rica ($1.04M), Nicaragua ($619k), and Honduras ($246k).

In 2022, Guatemala imported $10.8M in Borates, mainly from Turkey ($9.4M), United States ($972k), Peru ($240k), Australia ($50.2k), and Italy ($49.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Brazil$6.59M (213%)
Costa Rica$984k (1.73k%)
Nicaragua$84.6k (15.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Guatemala WERE (2021 - 2022):
Dominican Republic-$132k (-85.6%)
Ecuador-$48.9k (-100%)
El Salvador-$17.1k (-70.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $560k
TOP IMPORT POTENTIALUnited States+ $327k

Borates’s highest export potential is Mexico. With an export gap of $560k.   Borates’s highest import potential is United States with an import gap of $327k.

See methodology.

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