2023
Exports
$1.08MWorld Rnk 67 / 169
Flag Rnk 416 / 1091
2023
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.65Rnk 965 / 1025
2023
Imports
$128kWorld Rnk 115 / 202
Flag Rnk 983 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $1.08M in Locust beans, seaweed, sugar beet, cane, for food, making it the 67th largest exporter of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 416th most exported product in Guatemala. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Guatemala are: Japan ($744k), Spain ($262k), Denmark ($35k), United States ($33k), and Honduras ($1.11k).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Guatemala between 2022 and 2023 were Japan ($217k), Spain ($141k), and Denmark ($28.6k).

Imports In 2023, Guatemala imported $128k in Locust beans, seaweed, sugar beet, cane, for food, becoming the 115th largest importer of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 983rd most imported product in Guatemala. Guatemala imports Locust beans, seaweed, sugar beet, cane, for food primarily from: China ($96.3k), Spain ($25.4k), Germany ($3.41k), Poland ($2.09k), and United States ($535).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Guatemala between 2022 and 2023 were Spain ($25.4k), Germany ($3.41k), and Poland ($2.09k).

COMPANIES In 2024, leading companies such as Ayco Farms (3) and EDT (Export, Development & Trade) (1) were at the forefront of shipping Locust beans, seaweed, sugar beet, cane, for food 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 Locust beans, seaweed, sugar beet, cane, for food. 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)$1.08M
IMPORTS (2023)$128k
NET TRADE (2023)$947k

In 2023, Guatemala exported $1.08M in Locust beans, seaweed, sugar beet, cane, for food. The main destinations of Guatemala exports on Locust beans, seaweed, sugar beet, cane, for food were Japan ($744k), Spain ($262k), Denmark ($35k), United States ($33k), and Honduras ($1.11k).

In 2023, Guatemala imported $128k in Locust beans, seaweed, sugar beet, cane, for food, mainly from China ($96.3k), Spain ($25.4k), Germany ($3.41k), Poland ($2.09k), and United States ($535).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Japan$217k (41.1%)
Spain$141k (116%)
Denmark$28.6k (450%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Guatemala WERE (2022 - 2023):
United States-$44.7k (-57.6%)
Netherlands-$13.5k (-100%)
Honduras-$11.3k (-91%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
China $500M
Nigeria $70.3M
Laos $65.9M
In 2023, Guatemala's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:

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Trade Value of Locust beans, seaweed, sugar beet, cane, for food by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $148k
TOP IMPORT POTENTIALChina+ $115k

Locust beans, seaweed, sugar beet, cane, for food’s highest export potential is United States. With an export gap of $148k.   Locust beans, seaweed, sugar beet, cane, for food’s highest import potential is China with an import gap of $115k.

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