2018
Exports
$34MWorld Rnk 60 / 210
Flag Rnk 50 / 96
2022
PRODUCT COMPLEXITY IN Wadding, felt, nonwovens, twin, ropes, & articles thereof
0.79Rnk 248 / 1025
2018
Imports
$45.5MWorld Rnk 84 / 223
Flag Rnk 62 / 96
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2018, Guatemala exported $34M in Wadding, felt, nonwovens, twin, ropes, & articles thereof, making it the 60th largest exporter of Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world. At the same year, Wadding, felt, nonwovens, twin, ropes, & articles thereof was the 50th most exported product in Guatemala. The main destination of Wadding, felt, nonwovens, twin, ropes, & articles thereof exports from Guatemala are: Costa Rica ($7.08M), Honduras ($7.07M), Mexico ($5.04M), El Salvador ($4.45M), and United States ($4.28M).

The fastest growing export markets for Wadding, felt, nonwovens, twin, ropes, & articles thereof of Guatemala between 2021 and 2022 were Costa Rica ($1.44M), Honduras ($405k), and El Salvador ($176k).

Imports In 2022, Guatemala imported $45.5M in Wadding, felt, nonwovens, twin, ropes, & articles thereof, becoming the 84th largest importer of Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world. At the same year, Wadding, felt, nonwovens, twin, ropes, & articles thereof was the 62nd most imported product in Guatemala. Guatemala imports Wadding, felt, nonwovens, twin, ropes, & articles thereof primarily from: China ($30.2M), Mexico ($3.94M), United States ($3.02M), Turkey ($1.09M), and United Arab Emirates ($1.01M).

The fastest growing import markets in Wadding, felt, nonwovens, twin, ropes, & articles thereof for Guatemala between 2021 and 2022 were China ($1.3M), United Arab Emirates ($895k), and Costa Rica ($308k).

COMPANIES In 2023, leading companies such as American Eagle Outfitters (2) and EDT (Export, Development & Trade) (1) were at the forefront of shipping Wadding, felt, nonwovens, twin, ropes, & articles thereof 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 Wadding, felt, nonwovens, twin, ropes, & articles thereof. 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)$34M
IMPORTS (2022)$45.5M
NET TRADE (2022)-$11.5M

In 2022, Guatemala exported $34M in Wadding, felt, nonwovens, twin, ropes, & articles thereof. The main destinations of Guatemala exports on Wadding, felt, nonwovens, twin, ropes, & articles thereof were Costa Rica ($7.08M), Honduras ($7.07M), Mexico ($5.04M), El Salvador ($4.45M), and United States ($4.28M).

In 2022, Guatemala imported $45.5M in Wadding, felt, nonwovens, twin, ropes, & articles thereof, mainly from China ($30.2M), Mexico ($3.94M), United States ($3.02M), Turkey ($1.09M), and United Arab Emirates ($1.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wadding, felt, nonwovens, twin, ropes, & articles thereof EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Costa Rica$1.44M (25.5%)
Honduras$405k (6.08%)
El Salvador$176k (4.12%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wadding, felt, nonwovens, twin, ropes, & articles thereof BY Guatemala WERE (2021 - 2022):
Nicaragua-$610k (-20.7%)
Dominican Republic-$458k (-22%)
Panama-$221k (-19.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Wadding, felt, nonwovens, twin, ropes, & articles thereof were:
In 2022, Guatemala's main importing competitors in Wadding, felt, nonwovens, twin, ropes, & articles thereof were:

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Trade Value of Wadding, felt, nonwovens, twin, ropes, & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $3.78M
TOP IMPORT POTENTIALMexico+ $1.86M

Wadding, felt, nonwovens, twin, ropes, & articles thereof’s highest export potential is Mexico. With an export gap of $3.78M.   Wadding, felt, nonwovens, twin, ropes, & articles thereof’s highest import potential is Mexico with an import gap of $1.86M.

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