2022
Exports
$1.22MWorld Rnk 94 / 216
Flag Rnk 407 / 1099
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.33Rnk 86 / 1025
2022
Imports
$44.7MWorld Rnk 78 / 224
Flag Rnk 135 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $1.22M in Other Electrical Machinery, making it the 94th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 407th most exported product in Guatemala. The main destination of Other Electrical Machinery exports from Guatemala are: Honduras ($427k), Colombia ($323k), El Salvador ($182k), Costa Rica ($91.3k), and Nicaragua ($61.6k).

The fastest growing export markets for Other Electrical Machinery of Guatemala between 2021 and 2022 were Colombia ($323k), Mexico ($11.4k), and United States ($11.4k).

Imports In 2022, Guatemala imported $44.7M in Other Electrical Machinery, becoming the 78th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 135th most imported product in Guatemala. Guatemala imports Other Electrical Machinery primarily from: Malaysia ($17.2M), China ($14.6M), United States ($5.17M), Vietnam ($1.96M), and Panama ($905k).

The fastest growing import markets in Other Electrical Machinery for Guatemala between 2021 and 2022 were Malaysia ($16.6M), Vietnam ($1.18M), and Japan ($267k).

Latest Trends

Nov 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 Other Electrical Machinery. 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)$1.22M
IMPORTS (2022)$44.7M
NET TRADE (2022)-$43.5M

In 2022, Guatemala exported $1.22M in Other Electrical Machinery. The main destinations of Guatemala exports on Other Electrical Machinery were Honduras ($427k), Colombia ($323k), El Salvador ($182k), Costa Rica ($91.3k), and Nicaragua ($61.6k).

In 2022, Guatemala imported $44.7M in Other Electrical Machinery, mainly from Malaysia ($17.2M), China ($14.6M), United States ($5.17M), Vietnam ($1.96M), and Panama ($905k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Colombia$323k (1.01M%)
Mexico$11.4k (1.63k%)
United States$11.4k (43.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Guatemala WERE (2021 - 2022):
Honduras-$684k (-61.6%)
El Salvador-$611k (-77%)
Costa Rica-$408k (-81.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Other Electrical Machinery were:
In 2022, Guatemala's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $187k
TOP IMPORT POTENTIALChina+ $6.19M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $187k.   Other Electrical Machinery’s highest import potential is China with an import gap of $6.19M.

See methodology.

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