2023
Exports
$48.6kWorld Rnk 100 / 185
Flag Rnk 812 / 1091
2023
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.07Rnk 155 / 1025
2023
Imports
$2.69MWorld Rnk 77 / 215
Flag Rnk 618 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $48.6k in Opto-Electric Instrument Parts, making it the 100th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 812th most exported product in Guatemala. The main destination of Opto-Electric Instrument Parts exports from Guatemala are: Honduras ($23.8k), Costa Rica ($22.5k), El Salvador ($1.03k), Dominican Republic ($655), and Nicaragua ($540).

The fastest growing export markets for Opto-Electric Instrument Parts of Guatemala between 2022 and 2023 were Costa Rica ($22.1k), Honduras ($7.55k), and El Salvador ($642).

Imports In 2023, Guatemala imported $2.69M in Opto-Electric Instrument Parts, becoming the 77th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 618th most imported product in Guatemala. Guatemala imports Opto-Electric Instrument Parts primarily from: United States ($619k), Germany ($515k), Japan ($447k), China ($248k), and Australia ($178k).

The fastest growing import markets in Opto-Electric Instrument Parts for Guatemala between 2022 and 2023 were Germany ($263k), Japan ($248k), and Australia ($120k).

Latest Trends

Jan 2025

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 Opto-Electric 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)$48.6k
IMPORTS (2023)$2.69M
NET TRADE (2023)-$2.64M

In 2023, Guatemala exported $48.6k in Opto-Electric Instrument Parts. The main destinations of Guatemala exports on Opto-Electric Instrument Parts were Honduras ($23.8k), Costa Rica ($22.5k), El Salvador ($1.03k), Dominican Republic ($655), and Nicaragua ($540).

In 2023, Guatemala imported $2.69M in Opto-Electric Instrument Parts, mainly from United States ($619k), Germany ($515k), Japan ($447k), China ($248k), and Australia ($178k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Costa Rica$22.1k (5.7k%)
Honduras$7.55k (46.4%)
El Salvador$642 (166%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Guatemala WERE (2022 - 2023):
Japan-$31.6k (-100%)
Estonia-$2.35k (-100%)
Ecuador-$820 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALJapan+ $14.8k
TOP IMPORT POTENTIALChina+ $177k

Opto-Electric Instrument Parts’s highest export potential is Japan. With an export gap of $14.8k.   Opto-Electric Instrument Parts’s highest import potential is China with an import gap of $177k.

See methodology.

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