2022
Exports
$94.6MWorld Rnk 35 / 195
Flag Rnk 34 / 1099
2022
PRODUCT COMPLEXITY IN Confectionery Sugar
-0.72Rnk 763 / 1025
2022
Imports
$60.4MWorld Rnk 47 / 224
Flag Rnk 99 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $94.6M in Confectionery Sugar, making it the 35th largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 34th most exported product in Guatemala. The main destination of Confectionery Sugar exports from Guatemala are: Mexico ($24M), Dominican Republic ($11.9M), Honduras ($11.4M), United States ($7.94M), and Costa Rica ($7.74M).

The fastest growing export markets for Confectionery Sugar of Guatemala between 2021 and 2022 were Mexico ($6.37M), Costa Rica ($1.87M), and Ecuador ($1.06M).

Imports In 2022, Guatemala imported $60.4M in Confectionery Sugar, becoming the 47th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 99th most imported product in Guatemala. Guatemala imports Confectionery Sugar primarily from: Mexico ($13.6M), El Salvador ($11.9M), China ($11M), Costa Rica ($6.52M), and United States ($5.55M).

The fastest growing import markets in Confectionery Sugar for Guatemala between 2021 and 2022 were China ($1.88M), Mexico ($1.83M), and Colombia ($1.23M).

COMPANIES In 2023, leading companies such as Dollarama (3) were at the forefront of shipping Confectionery Sugar from Guatemala to the United States.

Latest Trends

Aug 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 (2022)$94.6M
IMPORTS (2022)$60.4M
NET TRADE (2022)$34.2M

In 2022, Guatemala exported $94.6M in Confectionery Sugar. The main destinations of Guatemala exports on Confectionery Sugar were Mexico ($24M), Dominican Republic ($11.9M), Honduras ($11.4M), United States ($7.94M), and Costa Rica ($7.74M).

In 2022, Guatemala imported $60.4M in Confectionery Sugar, mainly from Mexico ($13.6M), El Salvador ($11.9M), China ($11M), Costa Rica ($6.52M), and United States ($5.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Mexico$6.37M (36.2%)
Costa Rica$1.87M (31.8%)
Ecuador$1.06M (55.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY Guatemala WERE (2021 - 2022):
Venezuela-$539k (-39.5%)
Honduras-$439k (-3.7%)
United Arab Emirates-$107k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Confectionery Sugar were:
Germany $1.76B
China $1.38B
Mexico $1.12B
In 2022, 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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