2023
Exports
$69.4kWorld Rnk 71 / 172
Flag Rnk 772 / 1091
2023
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.24Rnk 97 / 1025
2023
Imports
$2.84MWorld Rnk 51 / 206
Flag Rnk 608 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $69.4k in Musical Instrument Parts, making it the 71st largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 772nd most exported product in Guatemala. The main destination of Musical Instrument Parts exports from Guatemala are: El Salvador ($29.6k), Nicaragua ($25.2k), Honduras ($13k), Costa Rica ($612), and Belize ($611).

The fastest growing export markets for Musical Instrument Parts of Guatemala between 2022 and 2023 were El Salvador ($27.7k), Nicaragua ($19.4k), and Honduras ($8.67k).

Imports In 2023, Guatemala imported $2.84M in Musical Instrument Parts, becoming the 51st largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 608th most imported product in Guatemala. Guatemala imports Musical Instrument Parts primarily from: China ($1.33M), United States ($851k), Chinese Taipei ($222k), Thailand ($118k), and France ($103k).

The fastest growing import markets in Musical Instrument Parts for Guatemala between 2022 and 2023 were Thailand ($84.6k), India ($23.2k), and Chinese Taipei ($20.5k).

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 Musical Instrument Parts. 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)$69.4k
IMPORTS (2023)$2.84M
NET TRADE (2023)-$2.77M

In 2023, Guatemala exported $69.4k in Musical Instrument Parts. The main destinations of Guatemala exports on Musical Instrument Parts were El Salvador ($29.6k), Nicaragua ($25.2k), Honduras ($13k), Costa Rica ($612), and Belize ($611).

In 2023, Guatemala imported $2.84M in Musical Instrument Parts, mainly from China ($1.33M), United States ($851k), Chinese Taipei ($222k), Thailand ($118k), and France ($103k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
El Salvador$27.7k (1.4k%)
Nicaragua$19.4k (336%)
Honduras$8.67k (202%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Guatemala WERE (2022 - 2023):
Belize-$1.37k (-69.2%)
France-$236 (-77.1%)
Bolivia-$208 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Musical Instrument Parts were:
In 2023, Guatemala's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALEl Salvador+ $1.51k
TOP IMPORT POTENTIALUnited States+ $106k

Musical Instrument Parts’s highest export potential is El Salvador. With an export gap of $1.51k.   Musical Instrument Parts’s highest import potential is United States with an import gap of $106k.

See methodology.

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