2022
Exports
$1.07MWorld Rnk 30 / 147
Flag Rnk 429 / 1099
2022
PRODUCT COMPLEXITY IN Cinnamon
-1.8Rnk 982 / 1025
2022
Imports
$9.62MWorld Rnk 22 / 211
Flag Rnk 383 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $1.07M in Cinnamon, making it the 30th largest exporter of Cinnamon in the world. At the same year, Cinnamon was the 429th most exported product in Guatemala. The main destination of Cinnamon exports from Guatemala are: El Salvador ($430k), Mexico ($186k), Costa Rica ($146k), Honduras ($123k), and Ethiopia ($98.5k).

The fastest growing export markets for Cinnamon of Guatemala between 2021 and 2022 were El Salvador ($150k), Costa Rica ($57.9k), and Ethiopia ($32.8k).

Imports In 2022, Guatemala imported $9.62M in Cinnamon, becoming the 22nd largest importer of Cinnamon in the world. At the same year, Cinnamon was the 383rd most imported product in Guatemala. Guatemala imports Cinnamon primarily from: Sri Lanka ($8.13M), Vietnam ($849k), United States ($250k), Singapore ($96.1k), and Costa Rica ($70.4k).

The fastest growing import markets in Cinnamon for Guatemala between 2021 and 2022 were Sri Lanka ($3.12M), Singapore ($96.1k), and Costa Rica ($69.8k).

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 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 (2022)$1.07M
IMPORTS (2022)$9.62M
NET TRADE (2022)-$8.55M

In 2022, Guatemala exported $1.07M in Cinnamon. The main destinations of Guatemala exports on Cinnamon were El Salvador ($430k), Mexico ($186k), Costa Rica ($146k), Honduras ($123k), and Ethiopia ($98.5k).

In 2022, Guatemala imported $9.62M in Cinnamon, mainly from Sri Lanka ($8.13M), Vietnam ($849k), United States ($250k), Singapore ($96.1k), and Costa Rica ($70.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cinnamon EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$150k (53.3%)
Costa Rica$57.9k (65.8%)
Ethiopia$32.8k (50%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cinnamon BY Guatemala WERE (2021 - 2022):
Australia-$109k (-100%)
Nicaragua-$58.9k (-46.6%)
Germany-$34.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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