2022
Exports
$615MWorld Rnk 63 / 226
Flag Rnk 7 / 96
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof
1.72Rnk 19 / 1025
2022
Imports
$1.83BWorld Rnk 64 / 226
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $615M in Plastics & articles thereof, making it the 63rd largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 7th most exported product in Guatemala. The main destination of Plastics & articles thereof exports from Guatemala are: El Salvador ($156M), Honduras ($121M), Costa Rica ($94.9M), Nicaragua ($77M), and United States ($47.9M).

The fastest growing export markets for Plastics & articles thereof of Guatemala between 2021 and 2022 were El Salvador ($26.2M), Costa Rica ($19.8M), and United States ($12.6M).

Imports In 2022, Guatemala imported $1.83B in Plastics & articles thereof, becoming the 64th largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 5th most imported product in Guatemala. Guatemala imports Plastics & articles thereof primarily from: United States ($577M), China ($378M), Mexico ($233M), El Salvador ($163M), and Saudi Arabia ($60.9M).

The fastest growing import markets in Plastics & articles thereof for Guatemala between 2021 and 2022 were China ($140M), United States ($82.3M), and El Salvador ($27.9M).

COMPANIES In 2023, leading companies such as EDT (Export, Development & Trade) (76) and Sucafina (2) were at the forefront of shipping Plastics & articles thereof from Guatemala to the United States.

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 Plastics & articles thereof. 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)$615M
IMPORTS (2022)$1.83B
NET TRADE (2022)-$1.22B

In 2022, Guatemala exported $615M in Plastics & articles thereof. The main destinations of Guatemala exports on Plastics & articles thereof were El Salvador ($156M), Honduras ($121M), Costa Rica ($94.9M), Nicaragua ($77M), and United States ($47.9M).

In 2022, Guatemala imported $1.83B in Plastics & articles thereof, mainly from United States ($577M), China ($378M), Mexico ($233M), El Salvador ($163M), and Saudi Arabia ($60.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
El Salvador$26.2M (20.2%)
Costa Rica$19.8M (26.3%)
United States$12.6M (35.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Guatemala WERE (2021 - 2022):
Honduras-$6.08M (-4.77%)
Philippines-$1.68M (-91.8%)
Canada-$1.05M (-49%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Plastics & articles thereof were:
In 2022, Guatemala's main importing competitors in Plastics & articles thereof were:

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $66.1M
TOP IMPORT POTENTIALMexico+ $70.7M

Plastics & articles thereof’s highest export potential is United States. With an export gap of $66.1M.   Plastics & articles thereof’s highest import potential is Mexico with an import gap of $70.7M.

See methodology.

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