2023
Exports
$82.4MWorld Rnk 115 / 214
Flag Rnk 38 / 1091
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$4.12BWorld Rnk 55 / 226
Flag Rnk 1 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $82.4M in Refined Petroleum, making it the 115th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 38th most exported product in Guatemala. The main destination of Refined Petroleum exports from Guatemala are: Belize ($41.4M), El Salvador ($31.3M), Mexico ($2.11M), Honduras ($2.02M), and Costa Rica ($1.91M).

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).

Imports In 2023, Guatemala imported $4.12B in Refined Petroleum, becoming the 55th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Guatemala. Guatemala imports Refined Petroleum primarily from: United States ($3.71B), Ecuador ($90.7M), South Korea ($74.9M), Chinese Taipei ($46.7M), and Canada ($42M).

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).

Latest Trends

Jan 2025

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 Refined Petroleum. 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 (2023)$82.4M
IMPORTS (2023)$4.12B
NET TRADE (2023)-$4.04B

In 2023, Guatemala exported $82.4M in Refined Petroleum. The main destinations of Guatemala exports on Refined Petroleum were Belize ($41.4M), El Salvador ($31.3M), Mexico ($2.11M), Honduras ($2.02M), and Costa Rica ($1.91M).

In 2023, Guatemala imported $4.12B 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
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%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALEl Salvador+ $4.36M
TOP IMPORT POTENTIALSouth Korea+ $42.5M

Refined Petroleum’s highest export potential is El Salvador. With an export gap of $4.36M.   Refined Petroleum’s highest import potential is South Korea with an import gap of $42.5M.

See methodology.

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