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Guatemala Trade Summary

2023

Guatemala exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR GUATEMALA 2023

Overall Exports and Imports for Guatemala 2023

Exports and imports of Guatemala in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 14,261 million.
  • The total value of imports (CIF) was 30,278 million.
  • At the HS6 digit level, 3,309 products were exported to 143 countries and 4,128 products were imported from 193 countries.

Guatemala top 5 Export and Import partners 2023

Top five countries to which Guatemala exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Guatemala exports to United States worth US$ 4,611 million, with a partner share of 32.33 percent.
  2. Guatemala exports to El Salvador worth US$ 1,875 million, with a partner share of 13.14 percent.
  3. Guatemala exports to Honduras worth US$ 1,629 million, with a partner share of 11.42 percent.
  4. Guatemala exports to Nicaragua worth US$ 986 million, with a partner share of 6.91 percent.
  5. Guatemala exports to Mexico worth US$ 674 million, with a partner share of 4.73 percent.

Top five countries from which Guatemala imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Guatemala imports from United States worth US$ 9,177 million, with a partner share of 30.31 percent.
  2. Guatemala imports from China worth US$ 5,590 million, with a partner share of 18.46 percent.
  3. Guatemala imports from Mexico worth US$ 3,241 million, with a partner share of 10.70 percent.
  4. Guatemala imports from El Salvador worth US$ 1,017 million, with a partner share of 3.36 percent.
  5. Guatemala imports from Japan worth US$ 820 million, with a partner share of 2.71 percent.

Guatemala Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Guatemala along with trade value are:

  1. Guatemala exported Bananas, including plantains, fresh or dried , worth 1,124,216.10 (US$ Thousands).
  2. Guatemala exported Coffee, not roasted or decaffeinated , worth 946,277.67 (US$ Thousands).
  3. Guatemala exported Crude palm oil , worth 760,228.66 (US$ Thousands).
  4. Guatemala exported Cane or beet sugar, in solid form, nes , worth 404,921.84 (US$ Thousands).
  5. Guatemala exported Cardamoms , worth 368,763.30 (US$ Thousands).

The top five imported HS 6 digit level products from world by Guatemala along with trade value are

  1. Guatemala imported Petroleum oils, etc, (excl. crude); preparation , worth 4,108,566.91 (US$ Thousands).
  2. Guatemala imported Television receivers including video monitors a , worth 1,031,240.15 (US$ Thousands).
  3. Guatemala imported Other medicaments of mixed or unmixed products, , worth 709,069.98 (US$ Thousands).
  4. Guatemala imported Maize (excl. seed) , worth 508,163.73 (US$ Thousands).
  5. Guatemala imported Diesel powered trucks with a GVW not exceeding , worth 507,243.83 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Guatemala in 2023 are below

  • The maximum rate of tariff in percentage on any product was 201 percent.
  • The simple average tariff across all products was 3.58 percent.
  • The trade weighted average tariff was 4.56 .
  • The total duty free imports in thousands of US dollars were 17,581,022.83 and duty free tariff line items share was 69.02 percent.

Development Indicators 2023

Key Development Indicators of Guatemala in 2023 are below

  • Guatemala GDP in current US dollar was 104,368 million.
  • GNI per capita, Atlas method (current US$) was 5,470.00 .
  • Guatemala Trade balance: as % of GDP was -15.08.
  • Trade balance in current US$ was -15,744.00 million.
  • Trade as percentage of GDP was 48.30 .
  • Trade in services as percentage of GDP was 9.52 .

Trade Indicators 2023

Trade Indicators for Guatemala in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.15.
  • Index of export market penetration was 3.62.
  • World Growth in percentage was -3.13 and Guatemala Country Growth was -1.21 .