2022
Exports
$576kWorld Rnk 83 / 152
Flag Rnk 515 / 1099
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$36.6MWorld Rnk 75 / 217
Flag Rnk 160 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $576k in Buses, making it the 83rd largest exporter of Buses in the world. At the same year, Buses was the 515th most exported product in Guatemala. The main destination of Buses exports from Guatemala are: Honduras ($220k), Costa Rica ($215k), and Belize ($141k).

The fastest growing export markets for Buses of Guatemala between 2021 and 2022 were Honduras ($220k) and Costa Rica ($215k).

Imports In 2022, Guatemala imported $36.6M in Buses, becoming the 75th largest importer of Buses in the world. At the same year, Buses was the 160th most imported product in Guatemala. Guatemala imports Buses primarily from: Japan ($25.1M), South Korea ($5.83M), United States ($2.17M), China ($1.96M), and Spain ($684k).

The fastest growing import markets in Buses for Guatemala between 2021 and 2022 were Japan ($2.12M), China ($1.16M), and Spain ($684k).

Latest Trends

Oct 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 Buses. 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)$576k
IMPORTS (2022)$36.6M
NET TRADE (2022)-$36.1M

In 2022, Guatemala exported $576k in Buses. The main destinations of Guatemala exports on Buses were Honduras ($220k), Costa Rica ($215k), and Belize ($141k).

In 2022, Guatemala imported $36.6M in Buses, mainly from Japan ($25.1M), South Korea ($5.83M), United States ($2.17M), China ($1.96M), and Spain ($684k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$220k (1%)
Costa Rica$215k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Guatemala WERE (2021 - 2022):
Dominican Republic-$1.05M (-100%)
Belize-$148k (-51.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Guatemala's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHonduras+ $18.6k
TOP IMPORT POTENTIALChina+ $1.74M

Buses’s highest export potential is Honduras. With an export gap of $18.6k.   Buses’s highest import potential is China with an import gap of $1.74M.

See methodology.

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