2018
Exports
$3.05MWorld Rnk 93 / 224
Flag Rnk 294 / 1099
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2018
Imports
$109MWorld Rnk 75 / 225
Flag Rnk 58 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2018, Guatemala exported $3.05M in Medical Instruments, making it the 93rd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 294th most exported product in Guatemala. The main destination of Medical Instruments exports from Guatemala are: United States ($1.6M), Honduras ($402k), El Salvador ($368k), Belize ($158k), and Costa Rica ($98.4k).

The fastest growing export markets for Medical Instruments of Guatemala between 2021 and 2022 were Honduras ($72.8k), Germany ($65.6k), and Belize ($55k).

Imports In 2022, Guatemala imported $109M in Medical Instruments, becoming the 75th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 58th most imported product in Guatemala. Guatemala imports Medical Instruments primarily from: China ($30.6M), United States ($27.1M), Germany ($10.2M), Japan ($5.73M), and Mexico ($3.47M).

The fastest growing import markets in Medical Instruments for Guatemala between 2021 and 2022 were China ($12.7M), Germany ($2.26M), and Ireland ($1.78M).

Latest Trends

Nov 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 Medical Instruments. 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)$3.05M
IMPORTS (2022)$109M
NET TRADE (2022)-$106M

In 2022, Guatemala exported $3.05M in Medical Instruments. The main destinations of Guatemala exports on Medical Instruments were United States ($1.6M), Honduras ($402k), El Salvador ($368k), Belize ($158k), and Costa Rica ($98.4k).

In 2022, Guatemala imported $109M in Medical Instruments, mainly from China ($30.6M), United States ($27.1M), Germany ($10.2M), Japan ($5.73M), and Mexico ($3.47M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$72.8k (22.1%)
Germany$65.6k (404%)
Belize$55k (53.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Guatemala WERE (2021 - 2022):
Panama-$239k (-76%)
El Salvador-$173k (-32%)
Ecuador-$64.7k (-66.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Medical Instruments were:
In 2022, Guatemala's main importing competitors in Medical Instruments were:

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.86M
TOP IMPORT POTENTIALUnited States+ $13.4M

Medical Instruments’s highest export potential is United States. With an export gap of $2.86M.   Medical Instruments’s highest import potential is United States with an import gap of $13.4M.

See methodology.

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