2023
Exports
$46.4MWorld Rnk 78 / 150
Flag Rnk 68 / 1091
falsefalse United States
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$1.32MWorld Rnk 93 / 159
Flag Rnk 737 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $46.4M in Crude Petroleum, making it the 78th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 68th most exported product in Guatemala. The main destination of Crude Petroleum exports from Guatemala are: United States ($46.4M).

Imports In 2023, Guatemala imported $1.32M in Crude Petroleum, becoming the 93rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 737th most imported product in Guatemala. Guatemala imports Crude Petroleum primarily from: Belize ($690k), South Korea ($414k), United States ($200k), India ($7.69k), and El Salvador ($6.53k).

The fastest growing import markets in Crude Petroleum for Guatemala between 2022 and 2023 were United States ($33.5k), India ($7.69k), and El Salvador ($6.53k).

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 Crude Petroleum. 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)$46.4M
IMPORTS (2023)$1.32M
NET TRADE (2023)$45.1M

In 2023, Guatemala exported $46.4M in Crude Petroleum. The main destinations of Guatemala exports on Crude Petroleum were United States ($46.4M).

In 2023, Guatemala imported $1.32M in Crude Petroleum, mainly from Belize ($690k), South Korea ($414k), United States ($200k), India ($7.69k), and El Salvador ($6.53k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Guatemala WERE (2022 - 2023):
United States-$40.3M (-46.5%)
Costa Rica-$20k (-100%)
Honduras-$531 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Crude Petroleum were:
In 2023, Guatemala's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $76.8M
TOP IMPORT POTENTIALUnited States+ $459k

Crude Petroleum’s highest export potential is United States. With an export gap of $76.8M.   Crude Petroleum’s highest import potential is United States with an import gap of $459k.

See methodology.

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