2023
Exports
$109kWorld Rnk 81 / 196
Flag Rnk 721 / 1091
2023
PRODUCT COMPLEXITY IN Hand Tools
0.76Rnk 262 / 1025
2023
Imports
$13MWorld Rnk 48 / 220
Flag Rnk 328 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $109k in Hand Tools, making it the 81st largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 721st most exported product in Guatemala. The main destination of Hand Tools exports from Guatemala are: El Salvador ($21.3k), Venezuela ($19.9k), Belize ($17k), Honduras ($12.9k), and Nicaragua ($11.1k).

The fastest growing export markets for Hand Tools of Guatemala between 2022 and 2023 were Venezuela ($15.1k), Belize ($8.49k), and Ecuador ($2.73k).

Imports In 2023, Guatemala imported $13M in Hand Tools, becoming the 48th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 328th most imported product in Guatemala. Guatemala imports Hand Tools primarily from: China ($5.09M), Mexico ($4.07M), India ($1.45M), United States ($857k), and Germany ($434k).

The fastest growing import markets in Hand Tools for Guatemala between 2022 and 2023 were Mexico ($563k), United States ($522k), and Germany ($196k).

Latest Trends

Jan 2025

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 Hand Tools. 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)$109k
IMPORTS (2023)$13M
NET TRADE (2023)-$12.9M

In 2023, Guatemala exported $109k in Hand Tools. The main destinations of Guatemala exports on Hand Tools were El Salvador ($21.3k), Venezuela ($19.9k), Belize ($17k), Honduras ($12.9k), and Nicaragua ($11.1k).

In 2023, Guatemala imported $13M in Hand Tools, mainly from China ($5.09M), Mexico ($4.07M), India ($1.45M), United States ($857k), and Germany ($434k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Venezuela$15.1k (313%)
Belize$8.49k (99.6%)
Ecuador$2.73k (1.11k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Guatemala WERE (2022 - 2023):
El Salvador-$53.5k (-71.5%)
Panama-$12.2k (-98.4%)
Chile-$9.39k (-66.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Hand Tools were:
In 2023, Guatemala's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $10.2k
TOP IMPORT POTENTIALGermany+ $273k

Hand Tools’s highest export potential is Mexico. With an export gap of $10.2k.   Hand Tools’s highest import potential is Germany with an import gap of $273k.

See methodology.

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