2022
Exports
$94.7MWorld Rnk 75 / 149
Flag Rnk 33 / 1099
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$2.32MWorld Rnk 87 / 158
Flag Rnk 651 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $94.7M in Crude Petroleum, making it the 75th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 33rd most exported product in Guatemala. The main destination of Crude Petroleum exports from Guatemala are: United States ($94.7M), Costa Rica ($20k), and Honduras ($531).

The fastest growing export markets for Crude Petroleum of Guatemala between 2021 and 2022 were United States ($20.9M), Costa Rica ($20k), and Honduras ($531).

Imports In 2022, Guatemala imported $2.32M in Crude Petroleum, becoming the 87th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 651st most imported product in Guatemala. Guatemala imports Crude Petroleum primarily from: Belize ($1.19M), Estonia ($595k), South Korea ($372k), United States ($166k), and Honduras ($32).

The fastest growing import markets in Crude Petroleum for Guatemala between 2021 and 2022 were Estonia ($595k), Belize ($497k), and South Korea ($65.6k).

Latest Trends

Sep 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 (2022)$94.7M
IMPORTS (2022)$2.32M
NET TRADE (2022)$92.4M

In 2022, Guatemala exported $94.7M in Crude Petroleum. The main destinations of Guatemala exports on Crude Petroleum were United States ($94.7M), Costa Rica ($20k), and Honduras ($531).

In 2022, Guatemala imported $2.32M in Crude Petroleum, mainly from Belize ($1.19M), Estonia ($595k), South Korea ($372k), United States ($166k), and Honduras ($32).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United States$20.9M (28.2%)
Costa Rica$20k (1%)
Honduras$531 (1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Crude Petroleum were:
In 2022, 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
View
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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