2022
Exports
$22.8MWorld Rnk 78 / 199
Flag Rnk 57 / 96
2022
PRODUCT COMPLEXITY IN Cocoa & cocoa preparations
0.14Rnk 508 / 1025
2022
Imports
$60.6MWorld Rnk 79 / 225
Flag Rnk 58 / 96
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $22.8M in Cocoa & cocoa preparations, making it the 78th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 57th most exported product in Guatemala. The main destination of Cocoa & cocoa preparations exports from Guatemala are: Honduras ($5.28M), El Salvador ($3.33M), Dominican Republic ($2.98M), United States ($2.69M), and Nicaragua ($2.38M).

The fastest growing export markets for Cocoa & cocoa preparations of Guatemala between 2021 and 2022 were Dominican Republic ($1.25M), United States ($1.2M), and Nicaragua ($1.17M).

Imports In 2022, Guatemala imported $60.6M in Cocoa & cocoa preparations, becoming the 79th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 58th most imported product in Guatemala. Guatemala imports Cocoa & cocoa preparations primarily from: Mexico ($19.5M), United States ($18.5M), China ($4.82M), Costa Rica ($2.35M), and Spain ($2.19M).

The fastest growing import markets in Cocoa & cocoa preparations for Guatemala between 2021 and 2022 were Mexico ($4.44M), China ($2.36M), and United States ($2.05M).

COMPANIES In 2023, leading companies such as Barry Callebaut (47) and One Banana (2) were at the forefront of shipping Cocoa & cocoa preparations from Guatemala to the United States.

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 Cocoa & cocoa preparations. 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)$22.8M
IMPORTS (2022)$60.6M
NET TRADE (2022)-$37.7M

In 2022, Guatemala exported $22.8M in Cocoa & cocoa preparations. The main destinations of Guatemala exports on Cocoa & cocoa preparations were Honduras ($5.28M), El Salvador ($3.33M), Dominican Republic ($2.98M), United States ($2.69M), and Nicaragua ($2.38M).

In 2022, Guatemala imported $60.6M in Cocoa & cocoa preparations, mainly from Mexico ($19.5M), United States ($18.5M), China ($4.82M), Costa Rica ($2.35M), and Spain ($2.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Dominican Republic$1.25M (72.2%)
United States$1.2M (80.7%)
Nicaragua$1.17M (96.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Guatemala WERE (2021 - 2022):
Italy-$402k (-99.7%)
Russia-$145k (-100%)
Guyana-$34k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Cocoa & cocoa preparations were:
In 2022, Guatemala's main importing competitors in Cocoa & cocoa preparations were:

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Trade Value of Cocoa & cocoa preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.05M
TOP IMPORT POTENTIALMexico+ $2.84M

Cocoa & cocoa preparations’s highest export potential is United States. With an export gap of $4.05M.   Cocoa & cocoa preparations’s highest import potential is Mexico with an import gap of $2.84M.

See methodology.

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