2023
Exports
$302kWorld Rnk 83 / 213
Flag Rnk 587 / 1091
2023
PRODUCT COMPLEXITY IN Electrical Lighting and Signalling Equipment
0.95Rnk 194 / 1025
2023
Imports
$22.6MWorld Rnk 70 / 221
Flag Rnk 239 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $302k in Electrical Lighting and Signalling Equipment, making it the 83rd largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 587th most exported product in Guatemala. The main destination of Electrical Lighting and Signalling Equipment exports from Guatemala are: Honduras ($127k), Costa Rica ($56k), El Salvador ($50.6k), Belize ($29.8k), and Nicaragua ($22.6k).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of Guatemala between 2022 and 2023 were Costa Rica ($10.6k), Nicaragua ($8.88k), and Belize ($6.92k).

Imports In 2023, Guatemala imported $22.6M in Electrical Lighting and Signalling Equipment, becoming the 70th largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 239th most imported product in Guatemala. Guatemala imports Electrical Lighting and Signalling Equipment primarily from: China ($10.8M), Chinese Taipei ($5.13M), United States ($1.47M), Mexico ($1.09M), and India ($936k).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for Guatemala between 2022 and 2023 were India ($259k), Colombia ($158k), and Vietnam ($76.3k).

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 Electrical Lighting and Signalling Equipment. 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)$302k
IMPORTS (2023)$22.6M
NET TRADE (2023)-$22.3M

In 2023, Guatemala exported $302k in Electrical Lighting and Signalling Equipment. The main destinations of Guatemala exports on Electrical Lighting and Signalling Equipment were Honduras ($127k), Costa Rica ($56k), El Salvador ($50.6k), Belize ($29.8k), and Nicaragua ($22.6k).

In 2023, Guatemala imported $22.6M in Electrical Lighting and Signalling Equipment, mainly from China ($10.8M), Chinese Taipei ($5.13M), United States ($1.47M), Mexico ($1.09M), and India ($936k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Lighting and Signalling Equipment EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Costa Rica$10.6k (23.2%)
Nicaragua$8.88k (64.9%)
Belize$6.92k (30.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Lighting and Signalling Equipment BY Guatemala WERE (2022 - 2023):
Honduras-$142k (-52.8%)
Mexico-$24.7k (-66%)
El Salvador-$11.7k (-18.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Electrical Lighting and Signalling Equipment were:
China $4.94B
In 2023, Guatemala's main importing competitors in Electrical Lighting and Signalling Equipment were:

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Trade Value of Electrical Lighting and Signalling Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $148k
TOP IMPORT POTENTIALMexico+ $2.3M

Electrical Lighting and Signalling Equipment’s highest export potential is Mexico. With an export gap of $148k.   Electrical Lighting and Signalling Equipment’s highest import potential is Mexico with an import gap of $2.3M.

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