2022
Exports
$90.7MWorld Rnk 9 / 154
Flag Rnk 37 / 1099
2022
PRODUCT COMPLEXITY IN Coconut Oil
-1.71Rnk 972 / 1025
2022
Imports
$3.07MWorld Rnk 84 / 212
Flag Rnk 601 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $90.7M in Coconut Oil, making it the 9th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 37th most exported product in Guatemala. The main destination of Coconut Oil exports from Guatemala are: Netherlands ($39.6M), Mexico ($29.5M), Spain ($10.7M), Italy ($7.27M), and Germany ($1.66M).

The fastest growing export markets for Coconut Oil of Guatemala between 2021 and 2022 were Netherlands ($19.4M), Spain ($2.32M), and Italy ($2.25M).

Imports In 2022, Guatemala imported $3.07M in Coconut Oil, becoming the 84th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 601st most imported product in Guatemala. Guatemala imports Coconut Oil primarily from: Malaysia ($2.38M), United States ($332k), Honduras ($110k), Sri Lanka ($103k), and Mexico ($37.8k).

The fastest growing import markets in Coconut Oil for Guatemala between 2021 and 2022 were Sri Lanka ($68k), Honduras ($66.8k), and China ($14.7k).

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 Coconut Oil. 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)$90.7M
IMPORTS (2022)$3.07M
NET TRADE (2022)$87.6M

In 2022, Guatemala exported $90.7M in Coconut Oil. The main destinations of Guatemala exports on Coconut Oil were Netherlands ($39.6M), Mexico ($29.5M), Spain ($10.7M), Italy ($7.27M), and Germany ($1.66M).

In 2022, Guatemala imported $3.07M in Coconut Oil, mainly from Malaysia ($2.38M), United States ($332k), Honduras ($110k), Sri Lanka ($103k), and Mexico ($37.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Netherlands$19.4M (96.2%)
Spain$2.32M (27.7%)
Italy$2.25M (44.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Guatemala WERE (2021 - 2022):
Mexico-$9.68M (-24.7%)
Germany-$571k (-25.6%)
Brazil-$120k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALMexico+ $4.54M
TOP IMPORT POTENTIALHonduras+ $146k

Coconut Oil’s highest export potential is Mexico. With an export gap of $4.54M.   Coconut Oil’s highest import potential is Honduras with an import gap of $146k.

See methodology.

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