2023
Exports
$23MWorld Rnk 88 / 223
Flag Rnk 105 / 1091
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$208MWorld Rnk 71 / 225
Flag Rnk 20 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $23M in Insulated Wire, making it the 88th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 105th most exported product in Guatemala. The main destination of Insulated Wire exports from Guatemala are: Mexico ($14.3M), United States ($7.12M), Honduras ($592k), El Salvador ($515k), and Nicaragua ($172k).

The fastest growing export markets for Insulated Wire of Guatemala between 2022 and 2023 were Mexico ($14.3M), United States ($7.09M), and El Salvador ($72.2k).

Imports In 2023, Guatemala imported $208M in Insulated Wire, becoming the 71st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 20th most imported product in Guatemala. Guatemala imports Insulated Wire primarily from: Mexico ($102M), China ($47.8M), Costa Rica ($29.9M), United States ($9.75M), and El Salvador ($6.18M).

The fastest growing import markets in Insulated Wire for Guatemala between 2022 and 2023 were Mexico ($28.1M), Germany ($1.46M), and El Salvador ($1.3M).

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 Insulated Wire. 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)$23M
IMPORTS (2023)$208M
NET TRADE (2023)-$185M

In 2023, Guatemala exported $23M in Insulated Wire. The main destinations of Guatemala exports on Insulated Wire were Mexico ($14.3M), United States ($7.12M), Honduras ($592k), El Salvador ($515k), and Nicaragua ($172k).

In 2023, Guatemala imported $208M in Insulated Wire, mainly from Mexico ($102M), China ($47.8M), Costa Rica ($29.9M), United States ($9.75M), and El Salvador ($6.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Mexico$14.3M (110k%)
United States$7.09M (24.4k%)
El Salvador$72.2k (16.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Guatemala WERE (2022 - 2023):
Honduras-$927k (-61%)
United Arab Emirates-$226k (-99.8%)
Dominican Republic-$57.6k (-79.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Insulated Wire were:
In 2023, Guatemala's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHonduras+ $489k
TOP IMPORT POTENTIALMexico+ $40.5M

Insulated Wire’s highest export potential is Honduras. With an export gap of $489k.   Insulated Wire’s highest import potential is Mexico with an import gap of $40.5M.

See methodology.

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