2023
Exports
$76.4MWorld Rnk 7 / 139
Flag Rnk 43 / 1091
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$630kWorld Rnk 77 / 187
Flag Rnk 829 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $76.4M in Molasses, making it the 7th largest exporter of Molasses in the world. At the same year, Molasses was the 43rd most exported product in Guatemala. The main destination of Molasses exports from Guatemala are: United States ($58M), Netherlands ($9.67M), Canada ($3.55M), Guyana ($1.49M), and Belgium ($1.33M).

The fastest growing export markets for Molasses of Guatemala between 2022 and 2023 were United States ($21M), Netherlands ($7.07M), and Guyana ($1.49M).

Imports In 2023, Guatemala imported $630k in Molasses, becoming the 77th largest importer of Molasses in the world. At the same year, Molasses was the 829th most imported product in Guatemala. Guatemala imports Molasses primarily from: El Salvador ($331k), Belize ($237k), Honduras ($40.3k), United States ($20.2k), and United Kingdom ($470).

The fastest growing import markets in Molasses for Guatemala between 2022 and 2023 were Honduras ($27.1k), United States ($19k), and United Kingdom ($470).

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 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 (2023)$76.4M
IMPORTS (2023)$630k
NET TRADE (2023)$75.8M

In 2023, Guatemala exported $76.4M in Molasses. The main destinations of Guatemala exports on Molasses were United States ($58M), Netherlands ($9.67M), Canada ($3.55M), Guyana ($1.49M), and Belgium ($1.33M).

In 2023, Guatemala imported $630k in Molasses, mainly from El Salvador ($331k), Belize ($237k), Honduras ($40.3k), United States ($20.2k), and United Kingdom ($470).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
United States$21M (56.5%)
Netherlands$7.07M (271%)
Guyana$1.49M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Guatemala WERE (2022 - 2023):
Denmark-$3.32M (-100%)
France-$3.05M (-100%)
United Kingdom-$2.42M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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