2022
Exports
$59.8MWorld Rnk 45 / 197
Flag Rnk 45 / 96
2022
PRODUCT COMPLEXITY IN Man-made filaments
0.45Rnk 388 / 1025
2022
Imports
$199MWorld Rnk 57 / 219
Flag Rnk 35 / 96
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $59.8M in Man-made filaments, making it the 45th largest exporter of Man-made filaments in the world. At the same year, Man-made filaments was the 45th most exported product in Guatemala. The main destination of Man-made filaments exports from Guatemala are: El Salvador ($19.2M), Honduras ($13.1M), Nicaragua ($8M), Mexico ($6.53M), and United States ($6.17M).

The fastest growing export markets for Man-made filaments of Guatemala between 2021 and 2022 were Dominican Republic ($2.64M), Nicaragua ($2.55M), and Mexico ($2.35M).

Imports In 2022, Guatemala imported $199M in Man-made filaments, becoming the 57th largest importer of Man-made filaments in the world. At the same year, Man-made filaments was the 35th most imported product in Guatemala. Guatemala imports Man-made filaments primarily from: China ($67.3M), United States ($31.8M), El Salvador ($29.6M), Honduras ($29M), and Mexico ($11.1M).

The fastest growing import markets in Man-made filaments for Guatemala between 2021 and 2022 were China ($10.3M), Mexico ($1.68M), and Honduras ($1.02M).

COMPANIES In 2023, leading companies such as Fyffes (90), Old Navy (4), and EDT (Export, Development & Trade) (3) were at the forefront of shipping Man-made filaments from Guatemala to the United States.

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 Man-made filaments. 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)$59.8M
IMPORTS (2022)$199M
NET TRADE (2022)-$139M

In 2022, Guatemala exported $59.8M in Man-made filaments. The main destinations of Guatemala exports on Man-made filaments were El Salvador ($19.2M), Honduras ($13.1M), Nicaragua ($8M), Mexico ($6.53M), and United States ($6.17M).

In 2022, Guatemala imported $199M in Man-made filaments, mainly from China ($67.3M), United States ($31.8M), El Salvador ($29.6M), Honduras ($29M), and Mexico ($11.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Man-made filaments EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Dominican Republic$2.64M (126%)
Nicaragua$2.55M (46.6%)
Mexico$2.35M (56.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Man-made filaments BY Guatemala WERE (2021 - 2022):
El Salvador-$4.35M (-18.5%)
Canada-$620k (-89.2%)
Honduras-$595k (-4.36%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Man-made filaments were:
In 2022, Guatemala's main importing competitors in Man-made filaments were:

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Trade Value of Man-made filaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $6.11M
TOP IMPORT POTENTIALChina+ $10.2M

Man-made filaments’s highest export potential is Mexico. With an export gap of $6.11M.   Man-made filaments’s highest import potential is China with an import gap of $10.2M.

See methodology.

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