2023
Exports
$636kWorld Rnk 94 / 205
Flag Rnk 477 / 1091
2023
PRODUCT COMPLEXITY IN Felt or Coated Fabric Garments
-1.59Rnk 960 / 1025
2023
Imports
$9.15MWorld Rnk 73 / 221
Flag Rnk 395 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $636k in Felt or Coated Fabric Garments, making it the 94th largest exporter of Felt or Coated Fabric Garments in the world. At the same year, Felt or Coated Fabric Garments was the 477th most exported product in Guatemala. The main destination of Felt or Coated Fabric Garments exports from Guatemala are: United States ($324k), Panama ($118k), Honduras ($62.2k), El Salvador ($50k), and Nicaragua ($25.8k).

The fastest growing export markets for Felt or Coated Fabric Garments of Guatemala between 2022 and 2023 were United States ($149k), Panama ($116k), and Kuwait ($6.55k).

Imports In 2023, Guatemala imported $9.15M in Felt or Coated Fabric Garments, becoming the 73rd largest importer of Felt or Coated Fabric Garments in the world. At the same year, Felt or Coated Fabric Garments was the 395th most imported product in Guatemala. Guatemala imports Felt or Coated Fabric Garments primarily from: United States ($3.71M), Panama ($1.52M), China ($1.32M), Mexico ($1.17M), and Chile ($491k).

The fastest growing import markets in Felt or Coated Fabric Garments for Guatemala between 2022 and 2023 were Chile ($411k), Cambodia ($150k), and Vietnam ($62.8k).

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 Felt or Coated Fabric Garments. 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)$636k
IMPORTS (2023)$9.15M
NET TRADE (2023)-$8.51M

In 2023, Guatemala exported $636k in Felt or Coated Fabric Garments. The main destinations of Guatemala exports on Felt or Coated Fabric Garments were United States ($324k), Panama ($118k), Honduras ($62.2k), El Salvador ($50k), and Nicaragua ($25.8k).

In 2023, Guatemala imported $9.15M in Felt or Coated Fabric Garments, mainly from United States ($3.71M), Panama ($1.52M), China ($1.32M), Mexico ($1.17M), and Chile ($491k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Felt or Coated Fabric Garments EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
United States$149k (85.5%)
Panama$116k (6.51k%)
Kuwait$6.55k (784%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt or Coated Fabric Garments BY Guatemala WERE (2022 - 2023):
Honduras-$469k (-88.3%)
France-$13.8k (-81.3%)
Nicaragua-$7.6k (-22.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Felt or Coated Fabric Garments were:
In 2023, Guatemala's main importing competitors in Felt or Coated Fabric Garments were:

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Trade Value of Felt or Coated Fabric Garments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $375k
TOP IMPORT POTENTIALChina+ $1.54M

Felt or Coated Fabric Garments’s highest export potential is United States. With an export gap of $375k.   Felt or Coated Fabric Garments’s highest import potential is China with an import gap of $1.54M.

See methodology.

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