2022
Exports
$127MWorld Rnk 27 / 202
Flag Rnk 27 / 1099
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings
-0.62Rnk 736 / 1025
2022
Imports
$125MWorld Rnk 37 / 225
Flag Rnk 49 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $127M in Sauces and Seasonings, making it the 27th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 27th most exported product in Guatemala. The main destination of Sauces and Seasonings exports from Guatemala are: Honduras ($34.3M), United States ($28.7M), El Salvador ($18.2M), Nicaragua ($17M), and Costa Rica ($14.6M).

The fastest growing export markets for Sauces and Seasonings of Guatemala between 2021 and 2022 were Honduras ($5.23M), United States ($3.43M), and Costa Rica ($2.74M).

Imports In 2022, Guatemala imported $125M in Sauces and Seasonings, becoming the 37th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 49th most imported product in Guatemala. Guatemala imports Sauces and Seasonings primarily from: Costa Rica ($52.5M), Mexico ($31.7M), United States ($30.4M), El Salvador ($3.47M), and China ($3.38M).

The fastest growing import markets in Sauces and Seasonings for Guatemala between 2021 and 2022 were Mexico ($9.24M), Costa Rica ($8.93M), and United States ($4.71M).

COMPANIES In 2023, leading companies such as Goya Foods (1) were at the forefront of shipping Sauces and Seasonings 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 Sauces and Seasonings. 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)$127M
IMPORTS (2022)$125M
NET TRADE (2022)$2.44M

In 2022, Guatemala exported $127M in Sauces and Seasonings. The main destinations of Guatemala exports on Sauces and Seasonings were Honduras ($34.3M), United States ($28.7M), El Salvador ($18.2M), Nicaragua ($17M), and Costa Rica ($14.6M).

In 2022, Guatemala imported $125M in Sauces and Seasonings, mainly from Costa Rica ($52.5M), Mexico ($31.7M), United States ($30.4M), El Salvador ($3.47M), and China ($3.38M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Honduras$5.23M (18%)
United States$3.43M (13.6%)
Costa Rica$2.74M (23.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Guatemala WERE (2021 - 2022):
Mexico-$257k (-4.84%)
Colombia-$78k (-26.1%)
Chile-$76.6k (-28.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Sauces and Seasonings were:
In 2022, Guatemala's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.3M
TOP IMPORT POTENTIALMexico+ $2.95M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $15.3M.   Sauces and Seasonings’s highest import potential is Mexico with an import gap of $2.95M.

See methodology.

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