2023
Exports
$127kWorld Rnk 45 / 113
Flag Rnk 706 / 1091
2023
PRODUCT COMPLEXITY IN Linseed
-0.87Rnk 800 / 1025
2023
Imports
$409kWorld Rnk 65 / 187
Flag Rnk 876 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $127k in Linseed, making it the 45th largest exporter of Linseed in the world. At the same year, Linseed was the 706th most exported product in Guatemala. The main destination of Linseed exports from Guatemala are: Nicaragua ($48.2k), Panama ($45.1k), El Salvador ($17.2k), Honduras ($16k), and Belize ($203).

The fastest growing export markets for Linseed of Guatemala between 2022 and 2023 were Honduras ($11.5k), Nicaragua ($7.22k), and Panama ($6.68k).

Imports In 2023, Guatemala imported $409k in Linseed, becoming the 65th largest importer of Linseed in the world. At the same year, Linseed was the 876th most imported product in Guatemala. Guatemala imports Linseed primarily from: Canada ($268k), Ukraine ($131k), Peru ($7.02k), Costa Rica ($2.1k), and United States ($836).

The fastest growing import markets in Linseed for Guatemala between 2022 and 2023 were Ukraine ($46.4k), Peru ($5.43k), and United States ($2).

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 Linseed. 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)$127k
IMPORTS (2023)$409k
NET TRADE (2023)-$282k

In 2023, Guatemala exported $127k in Linseed. The main destinations of Guatemala exports on Linseed were Nicaragua ($48.2k), Panama ($45.1k), El Salvador ($17.2k), Honduras ($16k), and Belize ($203).

In 2023, Guatemala imported $409k in Linseed, mainly from Canada ($268k), Ukraine ($131k), Peru ($7.02k), Costa Rica ($2.1k), and United States ($836).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Linseed EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Honduras$11.5k (259%)
Nicaragua$7.22k (17.6%)
Panama$6.68k (17.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Linseed BY Guatemala WERE (2022 - 2023):
France-$14.4k (-100%)
United Kingdom-$14.1k (-100%)
El Salvador-$2.8k (-14%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Linseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $12.5k
TOP IMPORT POTENTIALArgentina+ $5.76k

Linseed’s highest export potential is France. With an export gap of $12.5k.   Linseed’s highest import potential is Argentina with an import gap of $5.76k.

See methodology.

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