2022
Exports
$12.2MWorld Rnk 60 / 185
Flag Rnk 149 / 1099
2022
PRODUCT COMPLEXITY IN Large Construction Vehicles
0.88Rnk 219 / 1025
2022
Imports
$130MWorld Rnk 67 / 222
Flag Rnk 47 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $12.2M in Large Construction Vehicles, making it the 60th largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 149th most exported product in Guatemala. The main destination of Large Construction Vehicles exports from Guatemala are: El Salvador ($6.11M), Mexico ($2.24M), Honduras ($1.31M), Nicaragua ($1.15M), and United States ($853k).

The fastest growing export markets for Large Construction Vehicles of Guatemala between 2021 and 2022 were El Salvador ($4.21M), Mexico ($1.9M), and Nicaragua ($1.13M).

Imports In 2022, Guatemala imported $130M in Large Construction Vehicles, becoming the 67th largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 47th most imported product in Guatemala. Guatemala imports Large Construction Vehicles primarily from: China ($53.4M), Brazil ($28.8M), United States ($16.9M), South Korea ($13.7M), and India ($4.61M).

The fastest growing import markets in Large Construction Vehicles for Guatemala between 2021 and 2022 were China ($19.8M), South Korea ($7.04M), and Brazil ($3.63M).

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 Large Construction Vehicles. 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)$12.2M
IMPORTS (2022)$130M
NET TRADE (2022)-$118M

In 2022, Guatemala exported $12.2M in Large Construction Vehicles. The main destinations of Guatemala exports on Large Construction Vehicles were El Salvador ($6.11M), Mexico ($2.24M), Honduras ($1.31M), Nicaragua ($1.15M), and United States ($853k).

In 2022, Guatemala imported $130M in Large Construction Vehicles, mainly from China ($53.4M), Brazil ($28.8M), United States ($16.9M), South Korea ($13.7M), and India ($4.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$4.21M (222%)
Mexico$1.9M (557%)
Nicaragua$1.13M (6.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY Guatemala WERE (2021 - 2022):
Honduras-$707k (-35.1%)
Costa Rica-$88.8k (-47.4%)
Belize-$35.7k (-8.83%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Large Construction Vehicles were:
In 2022, Guatemala's main importing competitors in Large Construction Vehicles were:

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $2.49M
TOP IMPORT POTENTIALChina+ $6.73M

Large Construction Vehicles’s highest export potential is Mexico. With an export gap of $2.49M.   Large Construction Vehicles’s highest import potential is China with an import gap of $6.73M.

See methodology.

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