2023
Exports
$12.7kWorld Rnk 84 / 122
Flag Rnk 925 / 1091
2023
PRODUCT COMPLEXITY IN Vanilla
-2.02Rnk 1000 / 1025
2023
Imports
$42.2kWorld Rnk 91 / 190
Flag Rnk 1037 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $12.7k in Vanilla, making it the 84th largest exporter of Vanilla in the world. At the same year, Vanilla was the 925th most exported product in Guatemala. The main destination of Vanilla exports from Guatemala are: United States ($9.78k), Mexico ($2.86k), and Switzerland ($96).

The fastest growing export markets for Vanilla of Guatemala between 2022 and 2023 were United States ($8.05k) and Mexico ($2.86k).

Imports In 2023, Guatemala imported $42.2k in Vanilla, becoming the 91st largest importer of Vanilla in the world. At the same year, Vanilla was the 1037th most imported product in Guatemala. Guatemala imports Vanilla primarily from: Madagascar ($17k), Spain ($10.9k), United States ($8.39k), Germany ($5.1k), and Panama ($802).

The fastest growing import markets in Vanilla for Guatemala between 2022 and 2023 were Madagascar ($17k), Spain ($10.7k), and Germany ($846).

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 Vanilla. 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)$12.7k
IMPORTS (2023)$42.2k
NET TRADE (2023)-$29.5k

In 2023, Guatemala exported $12.7k in Vanilla. The main destinations of Guatemala exports on Vanilla were United States ($9.78k), Mexico ($2.86k), and Switzerland ($96).

In 2023, Guatemala imported $42.2k in Vanilla, mainly from Madagascar ($17k), Spain ($10.9k), United States ($8.39k), Germany ($5.1k), and Panama ($802).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
United States$8.05k (467%)
Mexico$2.86k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Guatemala WERE (2022 - 2023):
Switzerland-$1.46k (-93.8%)
Canada-$402 (-100%)
Estonia-$367 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.86k
TOP IMPORT POTENTIALGermany+ $2.54k

Vanilla’s highest export potential is United States. With an export gap of $4.86k.   Vanilla’s highest import potential is Germany with an import gap of $2.54k.

See methodology.

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