Guatemala

Compare Guatemala →

GT · GTM · BACI 320 · latest data 2024

Exports

$15.4B USD, nominal · 2024

= $15,429 M24.3% over 5 yrs (up)

Imports

$32.8B USD, nominal · 2024

= $32,839 M62.4% over 5 yrs (up)

Trade balancedeficit

−$17.4B USD, nominal · 2024

= −$17,410 M

Total trade

$48.3B USD, nominal · 2024

= $48,268 M47.9% over 5 yrs (up)

World position: #83 of 225 exporters · top half · #69 of 225 importers · top half · 2024
World export share since 1995: +0.0 pp

Trade timeline

Guatemala's exports grew from $3.1B in 1995 to $15.4B in 2024; the 2024 balance was −$17.4B.

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Exports, imports, trade balance and total trade of Guatemala per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$3,099 M	$3,860 M	−$761 M	$6,959 M
1996	$3,204 M	$3,804 M	−$599 M	$7,008 M
1997	$3,653 M	$4,529 M	−$876 M	$8,181 M
1998	$3,915 M	$5,379 M	−$1,464 M	$9,295 M
1999	$3,938 M	$5,325 M	−$1,387 M	$9,262 M
2000	$4,231 M	$5,855 M	−$1,624 M	$10,086 M
2001	$4,104 M	$6,301 M	−$2,197 M	$10,405 M
2002	$4,430 M	$7,154 M	−$2,724 M	$11,584 M
2003	$4,729 M	$7,762 M	−$3,033 M	$12,490 M
2004	$5,115 M	$8,731 M	−$3,615 M	$13,846 M
2005	$6,195 M	$10,996 M	−$4,801 M	$17,190 M
2006	$5,674 M	$10,609 M	−$4,935 M	$16,283 M
2007	$7,623 M	$13,880 M	−$6,256 M	$21,503 M
2008	$8,986 M	$14,903 M	−$5,918 M	$23,889 M
2009	$8,433 M	$11,933 M	−$3,499 M	$20,366 M
2010	$9,947 M	$14,193 M	−$4,246 M	$24,140 M
2011	$12,372 M	$16,828 M	−$4,455 M	$29,200 M
2012	$11,882 M	$17,367 M	−$5,485 M	$29,249 M
2013	$11,834 M	$17,831 M	−$5,997 M	$29,666 M
2014	$12,491 M	$18,720 M	−$6,230 M	$31,211 M
2015	$12,456 M	$18,070 M	−$5,614 M	$30,526 M
2016	$12,205 M	$17,232 M	−$5,027 M	$29,437 M
2017	$12,559 M	$18,720 M	−$6,161 M	$31,279 M
2018	$12,149 M	$19,906 M	−$7,756 M	$32,055 M
2019	$12,415 M	$20,223 M	−$7,808 M	$32,638 M
2020	$12,479 M	$18,494 M	−$6,015 M	$30,973 M
2021	$14,861 M	$26,971 M	−$12,110 M	$41,832 M
2022	$17,117 M	$32,185 M	−$15,068 M	$49,302 M
2023	$15,410 M	$30,450 M	−$15,040 M	$45,860 M
2024	$15,429 M	$32,839 M	−$17,410 M	$48,268 M

30 rows

World share & rank

World export share moved from 0.1% in 1995 to 0.1% in 2024; export rank #74 → #83.

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World export and import share in percent, and world ranks, of Guatemala per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.06%	0.08%	#74	#73
1996	0.06%	0.07%	#75	#75
1997	0.07%	0.08%	#76	#75
1998	0.07%	0.10%	#75	#72
1999	0.07%	0.09%	#75	#69
2000	0.07%	0.09%	#80	#71
2001	0.07%	0.10%	#80	#72
2002	0.07%	0.11%	#80	#71
2003	0.06%	0.10%	#81	#72
2004	0.06%	0.09%	#82	#75
2005	0.06%	0.10%	#86	#74
2006	0.05%	0.09%	#91	#82
2007	0.05%	0.10%	#89	#78
2008	0.06%	0.09%	#91	#82
2009	0.07%	0.10%	#84	#82
2010	0.07%	0.09%	#84	#79
2011	0.07%	0.09%	#87	#84
2012	0.07%	0.10%	#87	#83
2013	0.07%	0.10%	#89	#84
2014	0.07%	0.10%	#88	#81
2015	0.08%	0.11%	#82	#82
2016	0.08%	0.11%	#81	#79
2017	0.07%	0.11%	#84	#79
2018	0.06%	0.10%	#87	#79
2019	0.07%	0.11%	#87	#79
2020	0.07%	0.11%	#84	#77
2021	0.07%	0.13%	#83	#71
2022	0.07%	0.13%	#83	#71
2023	0.07%	0.13%	#85	#70
2024	0.07%	0.14%	#83	#69

30 rows

Trading partners

United States was Guatemala's top trading partner in 2024, at 31.0% of total trade; the top five partners covered 63.0%.

Year

Top partner share: 31.0%
Top-5 share: 63.0%
Partners: 200
Partner HHI (0–1): 0.131

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United States $5.3B

El Salvador $1.7B

Honduras $1.3B

Nicaragua $995M

Mexico $744M

Costa Rica $641M

Netherlands $509M

Canada $482M

Spain $190M

Germany $164M

Japan $144M

Colombia $130M

Brazil $76M

China $58M

India $36M

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Top partners of Guatemala in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	United States	$5,261 M	$9,681 M	$14,942 M	−$4,420 M
#2	China	$58 M	$6,393 M	$6,451 M	−$6,335 M
#3	Mexico	$744 M	$3,317 M	$4,061 M	−$2,572 M
#4	El Salvador	$1,685 M	$1,238 M	$2,923 M	$448 M
#5	Honduras	$1,329 M	$704 M	$2,033 M	$624 M
#6	Costa Rica	$641 M	$995 M	$1,637 M	−$354 M
#7	Nicaragua	$995 M	$183 M	$1,178 M	$813 M
#8	Japan	$144 M	$889 M	$1,033 M	−$745 M
#9	Canada	$482 M	$485 M	$967 M	−$2 M
#10	Brazil	$76 M	$766 M	$842 M	−$690 M
#11	India	$36 M	$751 M	$787 M	−$716 M
#12	Germany	$164 M	$612 M	$777 M	−$448 M
#13	Colombia	$130 M	$618 M	$748 M	−$488 M
#14	Netherlands	$509 M	$167 M	$675 M	$342 M
#15	Spain	$190 M	$406 M	$596 M	−$216 M

15 rows

Products & sectors

Product composition of Guatemala's trade in 2024.

Year

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Concentration & risk

Guatemala's export partners diversified over 1995–2024 — HHI 0.203 → 0.148, a moderately concentrated export base across 160 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Guatemala per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.203	0.195	116	95
1996	0.232	0.178	122	102
1997	0.235	0.173	123	98
1998	0.223	0.168	127	108
1999	0.255	0.161	126	118
2000	0.266	0.161	136	114
2001	0.257	0.179	146	138
2002	0.287	0.183	147	142
2003	0.289	0.180	148	136
2004	0.275	0.152	144	139
2005	0.268	0.131	152	179
2006	0.237	0.147	153	132
2007	0.202	0.140	157	139
2008	0.192	0.153	157	134
2009	0.195	0.151	159	183
2010	0.186	0.159	164	136
2011	0.223	0.177	163	147
2012	0.210	0.169	166	149
2013	0.179	0.163	166	142
2014	0.162	0.186	168	134
2015	0.155	0.167	172	142
2016	0.157	0.178	174	140
2017	0.148	0.185	174	144
2018	0.168	0.173	172	146
2019	0.150	0.166	172	147
2020	0.138	0.155	170	136
2021	0.142	0.150	166	186
2022	0.143	0.151	165	191
2023	0.145	0.143	170	190
2024	0.148	0.142	160	183

30 rows

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