2023
Exports
$6.18MWorld Rnk 52 / 150
Flag Rnk 208 / 1091
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$153kWorld Rnk 176 / 216
Flag Rnk 973 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $6.18M in Seed Oils, making it the 52nd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 208th most exported product in Guatemala. The main destination of Seed Oils exports from Guatemala are: Honduras ($3.07M), El Salvador ($1.48M), Mexico ($900k), Panama ($386k), and Belize ($243k).

The fastest growing export markets for Seed Oils of Guatemala between 2022 and 2023 were Mexico ($900k), Honduras ($227k), and Belize ($160k).

Imports In 2023, Guatemala imported $153k in Seed Oils, becoming the 176th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 973rd most imported product in Guatemala. Guatemala imports Seed Oils primarily from: Mexico ($78.9k), Argentina ($28.3k), United States ($21.2k), Indonesia ($8.15k), and Italy ($7.81k).

The fastest growing import markets in Seed Oils for Guatemala between 2022 and 2023 were Mexico ($36.6k), Indonesia ($8.15k), and Italy ($7.81k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Seed Oils. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$6.18M
IMPORTS (2023)$153k
NET TRADE (2023)$6.02M

In 2023, Guatemala exported $6.18M in Seed Oils. The main destinations of Guatemala exports on Seed Oils were Honduras ($3.07M), El Salvador ($1.48M), Mexico ($900k), Panama ($386k), and Belize ($243k).

In 2023, Guatemala imported $153k in Seed Oils, mainly from Mexico ($78.9k), Argentina ($28.3k), United States ($21.2k), Indonesia ($8.15k), and Italy ($7.81k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Mexico$900k (1%)
Honduras$227k (7.99%)
Belize$160k (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Guatemala WERE (2022 - 2023):
El Salvador-$1.12M (-43.1%)
Costa Rica-$301k (-85.1%)
Cuba-$643 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Guatemala's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Guatemala's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

Explore Visualizations

Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $221k
TOP IMPORT POTENTIALUnited States+ $128k

Seed Oils’s highest export potential is United States. With an export gap of $221k.   Seed Oils’s highest import potential is United States with an import gap of $128k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with