2022
Exports
$27.7MWorld Rnk 68 / 223
Flag Rnk 98 / 1099
2022
PRODUCT COMPLEXITY IN Other Furniture
0.34Rnk 424 / 1025
2022
Imports
$83.7MWorld Rnk 85 / 225
Flag Rnk 72 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $27.7M in Other Furniture, making it the 68th largest exporter of Other Furniture in the world. At the same year, Other Furniture was the 98th most exported product in Guatemala. The main destination of Other Furniture exports from Guatemala are: El Salvador ($9.82M), Honduras ($8.75M), Nicaragua ($2.92M), Costa Rica ($1.66M), and Panama ($1.39M).

The fastest growing export markets for Other Furniture of Guatemala between 2021 and 2022 were Honduras ($2.29M), Dominican Republic ($485k), and Mexico ($252k).

Imports In 2022, Guatemala imported $83.7M in Other Furniture, becoming the 85th largest importer of Other Furniture in the world. At the same year, Other Furniture was the 72nd most imported product in Guatemala. Guatemala imports Other Furniture primarily from: China ($29.4M), United States ($10.2M), El Salvador ($7.48M), Mexico ($6.16M), and Brazil ($5.11M).

The fastest growing import markets in Other Furniture for Guatemala between 2021 and 2022 were Honduras ($2.71M), Canada ($1.72M), and United States ($1.15M).

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 Other Furniture. 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)$27.7M
IMPORTS (2022)$83.7M
NET TRADE (2022)-$56M

In 2022, Guatemala exported $27.7M in Other Furniture. The main destinations of Guatemala exports on Other Furniture were El Salvador ($9.82M), Honduras ($8.75M), Nicaragua ($2.92M), Costa Rica ($1.66M), and Panama ($1.39M).

In 2022, Guatemala imported $83.7M in Other Furniture, mainly from China ($29.4M), United States ($10.2M), El Salvador ($7.48M), Mexico ($6.16M), and Brazil ($5.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Furniture EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$2.29M (35.3%)
Dominican Republic$485k (218%)
Mexico$252k (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Furniture BY Guatemala WERE (2021 - 2022):
Panama-$551k (-28.4%)
Costa Rica-$493k (-22.9%)
El Salvador-$221k (-2.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Other Furniture were:
China $36.6B
Vietnam $9.13B
Germany $8.79B
In 2022, Guatemala's main importing competitors in Other Furniture were:

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Trade Value of Other Furniture by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.63M
TOP IMPORT POTENTIALChina+ $13.9M

Other Furniture’s highest export potential is United States. With an export gap of $3.63M.   Other Furniture’s highest import potential is China with an import gap of $13.9M.

See methodology.

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