2022
Exports
$257kWorld Rnk 63 / 174
Flag Rnk 635 / 1099
2022
PRODUCT COMPLEXITY IN Umbrellas
-0.043Rnk 560 / 1025
2022
Imports
$6.97MWorld Rnk 61 / 218
Flag Rnk 447 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $257k in Umbrellas, making it the 63rd largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 635th most exported product in Guatemala. The main destination of Umbrellas exports from Guatemala are: Honduras ($122k), El Salvador ($59.9k), Costa Rica ($32k), Nicaragua ($19.6k), and Panama ($11.1k).

The fastest growing export markets for Umbrellas of Guatemala between 2021 and 2022 were Costa Rica ($27.5k), Honduras ($6.23k), and Belize ($4.92k).

Imports In 2022, Guatemala imported $6.97M in Umbrellas, becoming the 61st largest importer of Umbrellas in the world. At the same year, Umbrellas was the 447th most imported product in Guatemala. Guatemala imports Umbrellas primarily from: China ($6.43M), United States ($126k), Mexico ($76.7k), Italy ($61.6k), and Portugal ($54.7k).

The fastest growing import markets in Umbrellas for Guatemala between 2021 and 2022 were China ($1.55M), Mexico ($52.6k), and Portugal ($35.4k).

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 Umbrellas. 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)$257k
IMPORTS (2022)$6.97M
NET TRADE (2022)-$6.71M

In 2022, Guatemala exported $257k in Umbrellas. The main destinations of Guatemala exports on Umbrellas were Honduras ($122k), El Salvador ($59.9k), Costa Rica ($32k), Nicaragua ($19.6k), and Panama ($11.1k).

In 2022, Guatemala imported $6.97M in Umbrellas, mainly from China ($6.43M), United States ($126k), Mexico ($76.7k), Italy ($61.6k), and Portugal ($54.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Costa Rica$27.5k (609%)
Honduras$6.23k (5.38%)
Belize$4.92k (510%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY Guatemala WERE (2021 - 2022):
Nicaragua-$48.2k (-71.1%)
El Salvador-$40.9k (-40.6%)
Panama-$4.13k (-27%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Umbrellas were:
In 2022, Guatemala's main importing competitors in Umbrellas were:

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.1k
TOP IMPORT POTENTIALChina+ $87.2k

Umbrellas’s highest export potential is United States. With an export gap of $13.1k.   Umbrellas’s highest import potential is China with an import gap of $87.2k.

See methodology.

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