2022
Exports
$11.5MWorld Rnk 78 / 210
Flag Rnk 157 / 1099
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$706MWorld Rnk 82 / 224
Flag Rnk 3 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $11.5M in Cars, making it the 78th largest exporter of Cars in the world. At the same year, Cars was the 157th most exported product in Guatemala. The main destination of Cars exports from Guatemala are: El Salvador ($8.08M), Honduras ($1.54M), Belize ($574k), United States ($370k), and Costa Rica ($174k).

The fastest growing export markets for Cars of Guatemala between 2021 and 2022 were Honduras ($242k), Curaçao ($129k), and El Salvador ($110k).

Imports In 2022, Guatemala imported $706M in Cars, becoming the 82nd largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Guatemala. Guatemala imports Cars primarily from: Japan ($188M), United States ($173M), China ($48.5M), South Korea ($48M), and India ($36.9M).

The fastest growing import markets in Cars for Guatemala between 2021 and 2022 were Japan ($79.3M), China ($28.8M), and Brazil ($19.8M).

COMPANIES In 2023, leading companies such as Puma (1) and EDT (Export, Development & Trade) (1) were at the forefront of shipping Cars from Guatemala to the United States.

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 Cars. 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)$11.5M
IMPORTS (2022)$706M
NET TRADE (2022)-$695M

In 2022, Guatemala exported $11.5M in Cars. The main destinations of Guatemala exports on Cars were El Salvador ($8.08M), Honduras ($1.54M), Belize ($574k), United States ($370k), and Costa Rica ($174k).

In 2022, Guatemala imported $706M in Cars, mainly from Japan ($188M), United States ($173M), China ($48.5M), South Korea ($48M), and India ($36.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$242k (18.6%)
Curaçao$129k (1%)
El Salvador$110k (1.38%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Guatemala WERE (2021 - 2022):
United States-$1.57M (-80.9%)
Ecuador-$520k (-98.6%)
Costa Rica-$238k (-57.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.05M
TOP IMPORT POTENTIALMexico+ $66.9M

Cars’s highest export potential is United States. With an export gap of $2.05M.   Cars’s highest import potential is Mexico with an import gap of $66.9M.

See methodology.

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