2022
Exports
$1.39MWorld Rnk 47 / 153
Flag Rnk 389 / 1099
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2022
Imports
$5.11MWorld Rnk 37 / 197
Flag Rnk 505 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $1.39M in Insect Resins, making it the 47th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 389th most exported product in Guatemala. The main destination of Insect Resins exports from Guatemala are: El Salvador ($466k), Honduras ($298k), India ($215k), Dominican Republic ($92.4k), and Costa Rica ($64.5k).

The fastest growing export markets for Insect Resins of Guatemala between 2021 and 2022 were El Salvador ($225k), Dominican Republic ($70.5k), and Netherlands ($53.1k).

Imports In 2022, Guatemala imported $5.11M in Insect Resins, becoming the 37th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 505th most imported product in Guatemala. Guatemala imports Insect Resins primarily from: El Salvador ($1.28M), China ($1.22M), Sudan ($609k), Egypt ($595k), and Honduras ($394k).

The fastest growing import markets in Insect Resins for Guatemala between 2021 and 2022 were Egypt ($459k), China ($427k), and Sudan ($400k).

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 Insect Resins. 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)$1.39M
IMPORTS (2022)$5.11M
NET TRADE (2022)-$3.72M

In 2022, Guatemala exported $1.39M in Insect Resins. The main destinations of Guatemala exports on Insect Resins were El Salvador ($466k), Honduras ($298k), India ($215k), Dominican Republic ($92.4k), and Costa Rica ($64.5k).

In 2022, Guatemala imported $5.11M in Insect Resins, mainly from El Salvador ($1.28M), China ($1.22M), Sudan ($609k), Egypt ($595k), and Honduras ($394k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$225k (93.6%)
Dominican Republic$70.5k (322%)
Netherlands$53.1k (646%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Guatemala WERE (2021 - 2022):
France-$42.4k (-85.1%)
United States-$26.6k (-76.5%)
Singapore-$23.3k (-45.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Insect Resins were:
In 2022, Guatemala's main importing competitors in Insect Resins were:

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $207k
TOP IMPORT POTENTIALSudan+ $108k

Insect Resins’s highest export potential is India. With an export gap of $207k.   Insect Resins’s highest import potential is Sudan with an import gap of $108k.

See methodology.

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