2022
Exports
$192kWorld Rnk 47 / 95
Flag Rnk 668 / 1099
2022
PRODUCT COMPLEXITY IN Nitrile Compounds
1.07Rnk 146 / 1025
2022
Imports
$4.6MWorld Rnk 48 / 178
Flag Rnk 530 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $192k in Nitrile Compounds, making it the 47th largest exporter of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 668th most exported product in Guatemala. The main destination of Nitrile Compounds exports from Guatemala are: El Salvador ($112k), Dominican Republic ($46.7k), Panama ($19k), Honduras ($13.6k), and Nicaragua ($1.02k).

The fastest growing export markets for Nitrile Compounds of Guatemala between 2021 and 2022 were El Salvador ($83.7k), Dominican Republic ($42.6k), and Nicaragua ($1.02k).

Imports In 2022, Guatemala imported $4.6M in Nitrile Compounds, becoming the 48th largest importer of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 530th most imported product in Guatemala. Guatemala imports Nitrile Compounds primarily from: India ($2.74M), China ($1.44M), Germany ($261k), United States ($60.8k), and Ukraine ($48k).

The fastest growing import markets in Nitrile Compounds for Guatemala between 2021 and 2022 were India ($946k), Germany ($109k), and China ($73.9k).

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 Nitrile Compounds. 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)$192k
IMPORTS (2022)$4.6M
NET TRADE (2022)-$4.41M

In 2022, Guatemala exported $192k in Nitrile Compounds. The main destinations of Guatemala exports on Nitrile Compounds were El Salvador ($112k), Dominican Republic ($46.7k), Panama ($19k), Honduras ($13.6k), and Nicaragua ($1.02k).

In 2022, Guatemala imported $4.6M in Nitrile Compounds, mainly from India ($2.74M), China ($1.44M), Germany ($261k), United States ($60.8k), and Ukraine ($48k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrile Compounds EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$83.7k (300%)
Dominican Republic$42.6k (1.04k%)
Nicaragua$1.02k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrile Compounds BY Guatemala WERE (2021 - 2022):
Panama-$21.4k (-52.9%)
Costa Rica-$2.86k (-100%)
Honduras-$1.69k (-11%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Nitrile Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.67k
TOP IMPORT POTENTIALChina+ $588k

Nitrile Compounds’s highest export potential is Mexico. With an export gap of $1.67k.   Nitrile Compounds’s highest import potential is China with an import gap of $588k.

See methodology.

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