2022
Exports
$82.9MWorld Rnk 53 / 199
Flag Rnk 36 / 96
2022
PRODUCT COMPLEXITY IN Cotton
-0.55Rnk 715 / 1025
2022
Imports
$609MWorld Rnk 21 / 220
Flag Rnk 10 / 96
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $82.9M in Cotton, making it the 53rd largest exporter of Cotton in the world. At the same year, Cotton was the 36th most exported product in Guatemala. The main destination of Cotton exports from Guatemala are: Honduras ($54.1M), El Salvador ($11.7M), Mexico ($7.37M), Dominican Republic ($4.33M), and Nicaragua ($3.26M).

The fastest growing export markets for Cotton of Guatemala between 2021 and 2022 were Honduras ($13.5M), Mexico ($1.78M), and Nicaragua ($1.13M).

Imports In 2022, Guatemala imported $609M in Cotton, becoming the 21st largest importer of Cotton in the world. At the same year, Cotton was the 10th most imported product in Guatemala. Guatemala imports Cotton primarily from: United States ($238M), India ($88.9M), El Salvador ($46.5M), Costa Rica ($46.1M), and China ($34.1M).

The fastest growing import markets in Cotton for Guatemala between 2021 and 2022 were United States ($68.7M), Nicaragua ($17.5M), and Costa Rica ($13.5M).

COMPANIES In 2023, leading companies such as Guess Clothing (27) were at the forefront of shipping Cotton 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 Cotton. 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)$82.9M
IMPORTS (2022)$609M
NET TRADE (2022)-$526M

In 2022, Guatemala exported $82.9M in Cotton. The main destinations of Guatemala exports on Cotton were Honduras ($54.1M), El Salvador ($11.7M), Mexico ($7.37M), Dominican Republic ($4.33M), and Nicaragua ($3.26M).

In 2022, Guatemala imported $609M in Cotton, mainly from United States ($238M), India ($88.9M), El Salvador ($46.5M), Costa Rica ($46.1M), and China ($34.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$13.5M (33.2%)
Mexico$1.78M (31.8%)
Nicaragua$1.13M (53.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Guatemala WERE (2021 - 2022):
United States-$991k (-63.4%)
India-$392k (-100%)
South Korea-$300k (-45.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.26M
TOP IMPORT POTENTIALChina+ $6.31M

Cotton’s highest export potential is United States. With an export gap of $1.26M.   Cotton’s highest import potential is China with an import gap of $6.31M.

See methodology.

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