2022
Exports
$59MWorld Rnk 6 / 136
Flag Rnk 58 / 1099
2022
PRODUCT COMPLEXITY IN Molasses
-1.56Rnk 955 / 1025
2022
Imports
$2.46MWorld Rnk 50 / 193
Flag Rnk 641 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $59M in Molasses, making it the 6th largest exporter of Molasses in the world. At the same year, Molasses was the 58th most exported product in Guatemala. The main destination of Molasses exports from Guatemala are: United States ($42.3M), United Kingdom ($3.26M), France ($3.05M), Denmark ($2.94M), and Canada ($2.7M).

The fastest growing export markets for Molasses of Guatemala between 2021 and 2022 were France ($3.05M), Denmark ($2.94M), and Spain ($1.21M).

Imports In 2022, Guatemala imported $2.46M in Molasses, becoming the 50th largest importer of Molasses in the world. At the same year, Molasses was the 641st most imported product in Guatemala. Guatemala imports Molasses primarily from: El Salvador ($2M), Belize ($348k), Colombia ($92.6k), Honduras ($11.6k), and Ecuador ($6.2k).

The fastest growing import markets in Molasses for Guatemala between 2021 and 2022 were El Salvador ($1.93M), Colombia ($92.6k), and Honduras ($6.35k).

Latest Trends

Aug 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 Molasses. 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)$59M
IMPORTS (2022)$2.46M
NET TRADE (2022)$56.5M

In 2022, Guatemala exported $59M in Molasses. The main destinations of Guatemala exports on Molasses were United States ($42.3M), United Kingdom ($3.26M), France ($3.05M), Denmark ($2.94M), and Canada ($2.7M).

In 2022, Guatemala imported $2.46M in Molasses, mainly from El Salvador ($2M), Belize ($348k), Colombia ($92.6k), Honduras ($11.6k), and Ecuador ($6.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
France$3.05M (1%)
Denmark$2.94M (1%)
Spain$1.21M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Guatemala WERE (2021 - 2022):
Guyana-$6.54M (-100%)
United States-$4.62M (-9.86%)
United Kingdom-$3.31M (-50.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $1.16M
TOP IMPORT POTENTIALHonduras+ $37k

Molasses’s highest export potential is United Kingdom. With an export gap of $1.16M.   Molasses’s highest import potential is Honduras with an import gap of $37k.

See methodology.

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