2023
Exports
$614MWorld Rnk 19 / 219
Flag Rnk 5 / 1091
2023
PRODUCT COMPLEXITY IN Knit Sweaters
-1.3Rnk 900 / 1025
2023
Imports
$23.3MWorld Rnk 87 / 220
Flag Rnk 232 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $614M in Knit Sweaters, making it the 19th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 5th most exported product in Guatemala. The main destination of Knit Sweaters exports from Guatemala are: United States ($561M), Canada ($19.5M), El Salvador ($3.99M), Netherlands ($3.79M), and Japan ($3.52M).

The fastest growing export markets for Knit Sweaters of Guatemala between 2022 and 2023 were France ($502k), Mexico ($365k), and Hong Kong ($299k).

Imports In 2023, Guatemala imported $23.3M in Knit Sweaters, becoming the 87th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 232nd most imported product in Guatemala. Guatemala imports Knit Sweaters primarily from: China ($8.89M), Bangladesh ($2.09M), Honduras ($1.86M), El Salvador ($1.33M), and Turkey ($1.23M).

The fastest growing import markets in Knit Sweaters for Guatemala between 2022 and 2023 were Honduras ($1.35M), Colombia ($192k), and Pakistan ($180k).

COMPANIES In 2024, leading companies such as Guess Clothing (13) and Adidas (1) were at the forefront of shipping Knit Sweaters from Guatemala to the United States.

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 Knit Sweaters. 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)$614M
IMPORTS (2023)$23.3M
NET TRADE (2023)$591M

In 2023, Guatemala exported $614M in Knit Sweaters. The main destinations of Guatemala exports on Knit Sweaters were United States ($561M), Canada ($19.5M), El Salvador ($3.99M), Netherlands ($3.79M), and Japan ($3.52M).

In 2023, Guatemala imported $23.3M in Knit Sweaters, mainly from China ($8.89M), Bangladesh ($2.09M), Honduras ($1.86M), El Salvador ($1.33M), and Turkey ($1.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
France$502k (23.7%)
Mexico$365k (19.6%)
Hong Kong$299k (35.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Guatemala WERE (2022 - 2023):
United States-$171M (-23.4%)
Germany-$2.43M (-71.7%)
Italy-$2.19M (-68.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Knit Sweaters were:
In 2023, Guatemala's main importing competitors in Knit Sweaters were:

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $84.7M
TOP IMPORT POTENTIALChina+ $6.22M

Knit Sweaters’s highest export potential is United States. With an export gap of $84.7M.   Knit Sweaters’s highest import potential is China with an import gap of $6.22M.

See methodology.

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