2022
Exports
$2.42MWorld Rnk 82 / 209
Flag Rnk 322 / 1099
2022
PRODUCT COMPLEXITY IN Other Heating Machinery
1.15Rnk 116 / 1025
2022
Imports
$51MWorld Rnk 74 / 225
Flag Rnk 122 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $2.42M in Other Heating Machinery, making it the 82nd largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 322nd most exported product in Guatemala. The main destination of Other Heating Machinery exports from Guatemala are: El Salvador ($1.1M), Honduras ($594k), Benin ($390k), Nicaragua ($105k), and Costa Rica ($88k).

The fastest growing export markets for Other Heating Machinery of Guatemala between 2021 and 2022 were El Salvador ($766k), Benin ($390k), and Honduras ($251k).

Imports In 2022, Guatemala imported $51M in Other Heating Machinery, becoming the 74th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 122nd most imported product in Guatemala. Guatemala imports Other Heating Machinery primarily from: United States ($22.4M), China ($8.63M), Italy ($7.72M), Germany ($2.85M), and Mexico ($1.49M).

The fastest growing import markets in Other Heating Machinery for Guatemala between 2021 and 2022 were United States ($10.3M), Italy ($6.04M), and China ($2.85M).

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 Heating 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)$2.42M
IMPORTS (2022)$51M
NET TRADE (2022)-$48.6M

In 2022, Guatemala exported $2.42M in Other Heating Machinery. The main destinations of Guatemala exports on Other Heating Machinery were El Salvador ($1.1M), Honduras ($594k), Benin ($390k), Nicaragua ($105k), and Costa Rica ($88k).

In 2022, Guatemala imported $51M in Other Heating Machinery, mainly from United States ($22.4M), China ($8.63M), Italy ($7.72M), Germany ($2.85M), and Mexico ($1.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$766k (228%)
Benin$390k (1%)
Honduras$251k (73.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Guatemala WERE (2021 - 2022):
Mexico-$1.86M (-97.9%)
Colombia-$26.3k (-77.1%)
Belize-$25.1k (-90.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALMexico+ $202k
TOP IMPORT POTENTIALChina+ $5.34M

Other Heating Machinery’s highest export potential is Mexico. With an export gap of $202k.   Other Heating Machinery’s highest import potential is China with an import gap of $5.34M.

See methodology.

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