2023
Exports
$387MWorld Rnk 1 / 141
Flag Rnk 7 / 1091
2023
PRODUCT COMPLEXITY IN Nutmeg, mace and cardamons
-1.89Rnk 990 / 1025
2023
Imports
$2.94MWorld Rnk 43 / 211
Flag Rnk 599 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $387M in Nutmeg, mace and cardamons, making it the 1st largest exporter of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 7th most exported product in Guatemala. The main destination of Nutmeg, mace and cardamons exports from Guatemala are: Saudi Arabia ($114M), United Arab Emirates ($85.8M), Jordan ($34M), Bangladesh ($18.6M), and Turkey ($11.1M).

The fastest growing export markets for Nutmeg, mace and cardamons of Guatemala between 2022 and 2023 were United Arab Emirates ($11.4M), Saudi Arabia ($6.52M), and India ($5.88M).

Imports In 2023, Guatemala imported $2.94M in Nutmeg, mace and cardamons, becoming the 43rd largest importer of Nutmeg, mace and cardamons in the world. At the same year, Nutmeg, mace and cardamons was the 599th most imported product in Guatemala. Guatemala imports Nutmeg, mace and cardamons primarily from: Honduras ($1.94M), United Arab Emirates ($786k), India ($68.4k), United States ($41.4k), and Sri Lanka ($31.3k).

The fastest growing import markets in Nutmeg, mace and cardamons for Guatemala between 2022 and 2023 were Honduras ($214k), Sri Lanka ($31.3k), and Spain ($26.3k).

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 Nutmeg, mace and cardamons. 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)$387M
IMPORTS (2023)$2.94M
NET TRADE (2023)$384M

In 2023, Guatemala exported $387M in Nutmeg, mace and cardamons. The main destinations of Guatemala exports on Nutmeg, mace and cardamons were Saudi Arabia ($114M), United Arab Emirates ($85.8M), Jordan ($34M), Bangladesh ($18.6M), and Turkey ($11.1M).

In 2023, Guatemala imported $2.94M in Nutmeg, mace and cardamons, mainly from Honduras ($1.94M), United Arab Emirates ($786k), India ($68.4k), United States ($41.4k), and Sri Lanka ($31.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nutmeg, mace and cardamons EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
United Arab Emirates$11.4M (15.3%)
Saudi Arabia$6.52M (6.08%)
India$5.88M (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nutmeg, mace and cardamons BY Guatemala WERE (2022 - 2023):
Egypt-$11.5M (-55.5%)
Pakistan-$9.97M (-55.7%)
Bangladesh-$8.51M (-31.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Nutmeg, mace and cardamons were:
In 2023, Guatemala's main importing competitors in Nutmeg, mace and cardamons were:

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Trade Value of Nutmeg, mace and cardamons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.59M
TOP IMPORT POTENTIALIndia+ $96.7k

Nutmeg, mace and cardamons’s highest export potential is United States. With an export gap of $3.59M.   Nutmeg, mace and cardamons’s highest import potential is India with an import gap of $96.7k.

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