2023
Exports
$942kWorld Rnk 25 / 146
Flag Rnk 433 / 1091
2023
PRODUCT COMPLEXITY IN Cinnamon
-1.81Rnk 982 / 1025
2023
Imports
$9.57MWorld Rnk 19 / 212
Flag Rnk 384 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $942k in Cinnamon, making it the 25th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 433rd most exported product in Guatemala. The main destination of Cinnamon exports from Guatemala are: Honduras ($248k), El Salvador ($223k), Mexico ($189k), Costa Rica ($115k), and Nicaragua ($72.2k).

The fastest growing export markets for Cinnamon of Guatemala between 2022 and 2023 were Honduras ($125k), El Salvador ($26k), and Nicaragua ($18.2k).

Imports In 2023, Guatemala imported $9.57M in Cinnamon, becoming the 19th largest importer of Cinnamon in the world. At the same year, Cinnamon was the 384th most imported product in Guatemala. Guatemala imports Cinnamon primarily from: Sri Lanka ($7.71M), Vietnam ($1.06M), United States ($365k), China ($163k), and El Salvador ($77.9k).

The fastest growing import markets in Cinnamon for Guatemala between 2022 and 2023 were Vietnam ($143k), China ($117k), and India ($46.1k).

Latest Trends

Dec 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 Cinnamon. 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 (2023)$942k
IMPORTS (2023)$9.57M
NET TRADE (2023)-$8.63M

In 2023, Guatemala exported $942k in Cinnamon. The main destinations of Guatemala exports on Cinnamon were Honduras ($248k), El Salvador ($223k), Mexico ($189k), Costa Rica ($115k), and Nicaragua ($72.2k).

In 2023, Guatemala imported $9.57M in Cinnamon, mainly from Sri Lanka ($7.71M), Vietnam ($1.06M), United States ($365k), China ($163k), and El Salvador ($77.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Honduras$125k (101%)
El Salvador$26k (13.2%)
Nicaragua$18.2k (33.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Guatemala WERE (2022 - 2023):
Ethiopia-$56.5k (-53.2%)
Belize-$2.32k (-68.3%)
United States-$1.82k (-18.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Cinnamon by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $151k
TOP IMPORT POTENTIALVietnam+ $193k

Cinnamon’s highest export potential is Mexico. With an export gap of $151k.   Cinnamon’s highest import potential is Vietnam with an import gap of $193k.

See methodology.

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