2023
Exports
$96.8MWorld Rnk 33 / 196
Flag Rnk 32 / 1091
2023
PRODUCT COMPLEXITY IN Confectionery Sugar
-0.6Rnk 734 / 1025
2023
Imports
$91MWorld Rnk 39 / 226
Flag Rnk 67 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $96.8M in Confectionery Sugar, making it the 33rd largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 32nd most exported product in Guatemala. The main destination of Confectionery Sugar exports from Guatemala are: Mexico ($26.1M), Dominican Republic ($13.6M), Honduras ($11.3M), Costa Rica ($7.96M), and Nicaragua ($7.52M).

The fastest growing export markets for Confectionery Sugar of Guatemala between 2022 and 2023 were Mexico ($3.91M), Nicaragua ($1.58M), and Dominican Republic ($1.37M).

Imports In 2023, Guatemala imported $91M in Confectionery Sugar, becoming the 39th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 67th most imported product in Guatemala. Guatemala imports Confectionery Sugar primarily from: Mexico ($28M), China ($18.4M), El Salvador ($10.7M), Costa Rica ($9.44M), and United States ($6.76M).

The fastest growing import markets in Confectionery Sugar for Guatemala between 2022 and 2023 were China ($6.71M), Mexico ($2.02M), and Costa Rica ($1.71M).

COMPANIES In 2024, leading companies such as Dollarama (22) were at the forefront of shipping Confectionery Sugar from Guatemala to the United States.

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 Confectionery Sugar. 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)$96.8M
IMPORTS (2023)$91M
NET TRADE (2023)$5.79M

In 2023, Guatemala exported $96.8M in Confectionery Sugar. The main destinations of Guatemala exports on Confectionery Sugar were Mexico ($26.1M), Dominican Republic ($13.6M), Honduras ($11.3M), Costa Rica ($7.96M), and Nicaragua ($7.52M).

In 2023, Guatemala imported $91M in Confectionery Sugar, mainly from Mexico ($28M), China ($18.4M), El Salvador ($10.7M), Costa Rica ($9.44M), and United States ($6.76M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Mexico$3.91M (17.6%)
Nicaragua$1.58M (26.6%)
Dominican Republic$1.37M (11.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY Guatemala WERE (2022 - 2023):
Colombia-$1.12M (-47.8%)
Peru-$816k (-23.7%)
United States-$770k (-10.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Confectionery Sugar were:
Germany $1.97B
China $1.5B
Mexico $1.36B
In 2023, Guatemala's main importing competitors in Confectionery Sugar were:

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.87M
TOP IMPORT POTENTIALMexico+ $5.86M

Confectionery Sugar’s highest export potential is United States. With an export gap of $9.87M.   Confectionery Sugar’s highest import potential is Mexico with an import gap of $5.86M.

See methodology.

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