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2022
Exports $3.02MWorld Rnk 79 / 203
Flag Rnk 295 / 1099
2022
Destination $231k United States
2021 - 2022
FASTEST GROWING MARKET $231kUnited States
2022
PRODUCT COMPLEXITY IN Knit Socks and Hosiery-0.71Rnk 761 / 1025
2022
Imports $24MWorld Rnk 63 / 218
Flag Rnk 225 / 1184
2022
Origin $6.21M China
2021 - 2022
FASTEST GROWING ORIGIN $6.21MMexico
2022
ECONOMIC COMPLEXITY of Guatemala-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $3.02M in Knit Socks and Hosiery, making it the 79th largest exporter of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 295th most exported product in Guatemala. The main destination of Knit Socks and Hosiery exports from Guatemala are: United States ($665k), El Salvador ($661k), Honduras ($494k), Costa Rica ($481k), and Nicaragua ($206k).

The fastest growing export markets for Knit Socks and Hosiery of Guatemala between 2021 and 2022 were United States ($231k), Dominican Republic ($116k), and Panama ($101k).

Imports In 2022, Guatemala imported $24M in Knit Socks and Hosiery, becoming the 63rd largest importer of Knit Socks and Hosiery in the world. At the same year, Knit Socks and Hosiery was the 225th most imported product in Guatemala. Guatemala imports Knit Socks and Hosiery primarily from: China ($14.2M), Mexico ($6.73M), United States ($916k), Honduras ($374k), and Turkey ($246k).

The fastest growing import markets in Knit Socks and Hosiery for Guatemala between 2021 and 2022 were Mexico ($6.21M), China ($3.97M), and Turkey ($218k).

Latest Trends

Jul 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 Knit Socks and Hosiery. 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)$3.02M
IMPORTS (2022)$24M
NET TRADE (2022)-$21M

In 2022, Guatemala exported $3.02M in Knit Socks and Hosiery. The main destinations of Guatemala exports on Knit Socks and Hosiery were United States ($665k), El Salvador ($661k), Honduras ($494k), Costa Rica ($481k), and Nicaragua ($206k).

In 2022, Guatemala imported $24M in Knit Socks and Hosiery, mainly from China ($14.2M), Mexico ($6.73M), United States ($916k), Honduras ($374k), and Turkey ($246k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Socks and Hosiery EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
United States$231k (53.3%)
Dominican Republic$116k (195%)
Panama$101k (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Socks and Hosiery BY Guatemala WERE (2021 - 2022):
Honduras-$206k (-29.4%)
Nicaragua-$188k (-47.6%)
Costa Rica-$108k (-18.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Knit Socks and Hosiery were:
China $7.01B
Turkey $1.38B
Germany $779M
In 2022, Guatemala's main importing competitors in Knit Socks and Hosiery were:
United States $2.93B
Germany $1.51B
Japan $866M

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Trade Value of Knit Socks and Hosiery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.14M
TOP IMPORT POTENTIALMexico+ $781k

Knit Socks and Hosiery’s highest export potential is United States. With an export gap of $1.14M.   Knit Socks and Hosiery’s highest import potential is Mexico with an import gap of $781k.

See methodology.

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