2022
Exports
$9.39MWorld Rnk 46 / 196
Flag Rnk 180 / 1099
2022
PRODUCT COMPLEXITY IN Essential Oils
-1.09Rnk 855 / 1025
2022
Imports
$5.75MWorld Rnk 62 / 214
Flag Rnk 483 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $9.39M in Essential Oils, making it the 46th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 180th most exported product in Guatemala. The main destination of Essential Oils exports from Guatemala are: United States ($2.3M), France ($2.16M), Germany ($874k), Mexico ($660k), and Spain ($449k).

The fastest growing export markets for Essential Oils of Guatemala between 2021 and 2022 were Japan ($195k), India ($126k), and Honduras ($107k).

Imports In 2022, Guatemala imported $5.75M in Essential Oils, becoming the 62nd largest importer of Essential Oils in the world. At the same year, Essential Oils was the 483rd most imported product in Guatemala. Guatemala imports Essential Oils primarily from: India ($2.19M), United States ($900k), China ($686k), Mexico ($621k), and Spain ($334k).

The fastest growing import markets in Essential Oils for Guatemala between 2021 and 2022 were India ($140k), Costa Rica ($125k), and Canada ($60.9k).

COMPANIES In 2023, leading companies such as EDT (Export, Development & Trade) (104) and American Eagle Outfitters (1) were at the forefront of shipping Essential Oils from Guatemala to the United States.

Latest Trends

Oct 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 Essential Oils. 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)$9.39M
IMPORTS (2022)$5.75M
NET TRADE (2022)$3.64M

In 2022, Guatemala exported $9.39M in Essential Oils. The main destinations of Guatemala exports on Essential Oils were United States ($2.3M), France ($2.16M), Germany ($874k), Mexico ($660k), and Spain ($449k).

In 2022, Guatemala imported $5.75M in Essential Oils, mainly from India ($2.19M), United States ($900k), China ($686k), Mexico ($621k), and Spain ($334k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Japan$195k (88.5%)
India$126k (1k%)
Honduras$107k (89.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Guatemala WERE (2021 - 2022):
United States-$1.78M (-43.6%)
France-$1.52M (-41.2%)
Ireland-$475k (-99%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.26M
TOP IMPORT POTENTIALMexico+ $510k

Essential Oils’s highest export potential is United States. With an export gap of $2.26M.   Essential Oils’s highest import potential is Mexico with an import gap of $510k.

See methodology.

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