Refined Petroleum in Guatemala | The Observatory of Economic Complexity

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The fastest growing export markets for Refined Petroleum of Guatemala between 2022 and 2023 were El Salvador ($23.2M), Mexico ($1.47M), and United States ($578k).

The fastest growing import markets in Refined Petroleum for Guatemala between 2022 and 2023 were South Korea ($41.2M), Canada ($40.4M), and Chinese Taipei ($31.2M).

COMPANIES In 2024, leading companies such as Dole Fresh Fruit (249) and Classic Fruit Company (10) were at the forefront of shipping Refined Petroleum from Guatemala to the United States.

Historical Data

Trade Balance

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In N/A, Guatemala imported N/A in Refined Petroleum, mainly from United States ($3.71B), Ecuador ($90.7M), South Korea ($74.9M), Chinese Taipei ($46.7M), and Canada ($42M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Exports

Imports

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Ending

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):

El Salvador$23.2M (286%)

Mexico$1.47M (232%)

United States$578k (182%)

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Guatemala WERE (2022 - 2023):

Honduras-$8.23M (-80.3%)

Nicaragua-$6.1M (-86.3%)

Belize-$4.61M (-10%)

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Change in Exports by Market (2022 - 2023)

Market Concentration

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Export

Import

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In 2023, Guatemala's main exporting competitors in Refined Petroleum were:

United States $107B

Singapore $55.9B

India $55.8B

In 2023, Guatemala's main importing competitors in Refined Petroleum were:

United States $68.8B

Singapore $55.7B

Australia $35.3B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

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Exports

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TOP EXPORT POTENTIALEl Salvador+ $4.36M

N/AN/AN/A

Refined Petroleum’s highest export potential is El Salvador. With an export gap of $4.36M. Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

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Historical Data

Trade Balance

Export Destinations (2023)

Import Origins (2023)

Market Growth

Change in Exports by Market (2022 - 2023)

Market Concentration

Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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