Exploring Guatemala Export Partners 2024: Guatemala Export Data by Country
Explore Guatemala's top export partners in 2024 with detailed Guatemala export data by country. Discover key trading partners, export values, and major commodities.

Guatemala is a country in Central America known for its rich cultural heritage, stunning landscapes, and vibrant markets. However, one of the lesser-known aspects of Guatemala is its thriving export industry. Guatemala has a diverse range of export partners, with countries worldwide importing goods from this Central American nation. According to the Guatemala export data, Guatemala's exports of goods were valued at $14.19 billion in 2023-24 with a 9% decline from the previous year. Based on Guatemala's shipment data and export records, Guatemala's goods exports reached $12.16 billion in the first 11 months of 2024. In 2024, Guatemala's leading export partners were the United States, El Salvador, China, Mexico, Honduras, and Nicaragua. In this article, we will explore Guatemala's top export partners in 2024 and analyze the export data by country.
Guatemala Exports by Country in 2024: Guatemala Export Data by Country
Guatemala's exports by country reveal a notable trend in 2024 with the USA leading the pack, accounting for $4.44 billion, a significant 31.3% of Guatemala's total exports, as per the US import data. Following this strong partnership is a close tie between El Salvador and Honduras, highlighting the importance of neighboring nations in Guatemala's export market. The top 10 Guatemala export partners in 2024 as per the Guatemala statistical data include:
1. USA: $4.44 billion (31.3%)
The United States is Guatemala's largest export partner, accounting for a significant portion of the country's total exports. With a value of $4.44 billion, the USA holds a 31.3% share of Guatemala's export market. With a strong economic relationship, Guatemala benefits significantly from exporting goods to the US market, including agricultural products, textiles, and machinery.
- Total export shipments from Guatemala: 88,800+ shipments
- Top exported commodity from Guatemala: Edible fruit & nuts: $1.33 billion
2. El Salvador: $1.87 billion (13.2%)
El Salvador is Guatemala's second-largest export partner, with a total export value of $1.87 billion. This accounts for 13.2% of Guatemala's total exports, making El Salvador an important trading partner for the country. The proximity between the two countries facilitates trade relations, with El Salvador importing a variety of products from Guatemala, such as plastic, coffee, sugar, and fruits.
- Total export shipments from Guatemala: 37,400+ shipments
- Top exported commodity from Guatemala: Plastics and articles thereof: $140.67 million
3. Honduras: $1.63 billion (11.5%)
Honduras is another key export partner for Guatemala, with a total export value of $1.63 billion. Honduras holds an 11.5% share of Guatemala's export market, highlighting the strong trade relationship between the two countries. Their geographical proximity and membership in regional trade agreements contribute to their strong trade ties.
- Total export shipments from Guatemala: 32,600+ shipments
- Top exported commodity from Guatemala: Iron and steel: $126.91 million
4. Nicaragua: $987 million (7%)
Nicaragua holds the fourth spot on the list of Guatemala's top export partners, with a total export value of $987 million. This represents a 7% share of Guatemala's total exports, demonstrating the importance of the trade relationship between the two nations. The bilateral trade agreements and cooperation between the two countries have fostered a positive trade environment, with exports including coffee, sugar, and seafood products.
- Total export shipments from Guatemala: 19,740+ shipments
- Top exported commodity from Guatemala: Knitted or crocheted fabric: $153.14 million
5. Mexico: $673.44 million (4.7%)
Mexico is another significant export partner for Guatemala, with a total export value of $673.44 million. Mexico holds a 4.7% share of Guatemala's export market, showcasing the strong economic ties between the two countries. The trade between the two countries benefits both economies, with Mexico importing goods such as textiles, coffee, and fresh produce from Guatemala.
- Total export shipments from Guatemala: 13,470+ shipments
- Top exported commodity from Guatemala: Animal or vegetable fats & oils: $134.18 million
6. Costa Rica: $643.10 million (4.5%)
Costa Rica is a key player in Guatemala's export market, with a total export value of $643.10 million. Costa Rica holds a 4.5% share of Guatemala's total exports, highlighting the importance of the trade relationship between the two nations. The bilateral trade agreements and cultural ties between the two countries contribute to a steady flow of exports, including fruits, vegetables, and machinery.
- Total export shipments from Guatemala: 12,862+ shipments
- Top exported commodity from Guatemala: Plastics and articles thereof: $84.55 million
7. Netherlands: $613.83 million (4.3%)
The Netherlands is another significant export partner for Guatemala, with a total export value of $613.83 million. The Netherlands holds a 4.3% share of Guatemala's export market, showcasing the diverse range of trading partners that Guatemala engages with. The strong economic relations between the two countries support the export of goods such as coffee, sugar, and textiles to the Dutch market.
- Total export shipments from Guatemala: 12,277+ shipments
- Top exported commodity from Guatemala: Animal or vegetable fats & oils: $400.50 million
8. Panama: $323.86 million (2.3%)
Panama holds a spot on the list of Guatemala's top export partners, with a total export value of $323.86 million. Panama accounts for a 2.3% share of Guatemala's total exports, highlighting the strong trade relationship between the two countries. The strategic location and trade agreements between the two countries facilitate the export of goods such as seafood, minerals, and beverages.
- Total export shipments from Guatemala: 6,477+ shipments
- Top exported commodity from Guatemala: Pharmaceutical products: $46.58 million
9. Spain: $293.66 million (2.1%)
Spain is a key export partner for Guatemala, with a total export value of $293.66 million. Spain holds a 2.1% share of Guatemala's export market, demonstrating the importance of the trade relationship between the two nations. The historical ties between the two countries and the demand for Guatemalan products, including textiles, coffee, and fruits, contribute to the trade relationship.
- Total export shipments from Guatemala: 5,873+ shipments
- Top exported commodity from Guatemala: Animal or vegetable fats & oils: $199.35 million
10. Dominican Republic: $231.54 million (1.6%)
The Dominican Republic rounds out the list of Guatemala's top export partners, with a total export value of $231.54 million. The Dominican Republic holds a 1.6% share of Guatemala's total exports, showcasing the diverse range of countries that Guatemala trades with. The trade agreements and demand for Guatemalan goods, such as coffee, sugar, and textiles, contribute to the steady flow of exports to the Dominican market.
- Total export shipments from Guatemala: 4,631+ shipments
- Top exported commodity from Guatemala: Preparations of cereals: $27.79 million
Guatemala Export Data in the Last 10 Years
Year of Exports (2014-2024) |
Guatemala’s total exports ($) |
2014 |
$10.89 billion |
2015 |
$10.75 billion |
2016 |
$10.46 billion |
2017 |
$11.01 billion |
2018 |
$10.86 billion |
2019 |
$11.18 billion |
2020 |
$11.40 billion |
2021 |
$13.59 billion |
2022 |
$15.65 billion |
2023 |
$14.19 billion |
2024 (11 months) |
$12.16 billion |
Guatemala’s Exports by Country in the Last 10 Years: Guatemala’s Export Partners by Year
The above mentioned values are in USD billions and millions
Export Partners |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
1. USA |
$3.86 billion |
$3.94 billion |
$3.80 billion |
$3.51 billion |
$3.78 billion |
$3.91 billion |
$3.66 billion |
$3.53 billion |
$4.31 billion |
$4.93 billion |
$4.44 billion |
2. El Salvador |
$1.10 billion |
$1.26 billion |
$1.23 billion |
$1.20 billion |
$1.21 billion |
$1.33 billion |
$1.38 billion |
$1.31 billion |
$1.73 billion |
$2.05 billion |
$1.87 billion |
3. Honduras |
$790.97 million |
$885.48 million |
$903.37 million |
$913.90 million |
$967.26 million |
$935.17 million |
$1 billion |
$1.02 billion |
$1.39 billion |
$1.58 billion |
$1.63 billion |
4. Nicaragua |
$486.91 million |
$513.74 million |
$554.81 million |
$569.26 million |
$562.22 million |
$540.52 million |
$549.80 million |
$662.36 million |
$843.90 million |
$998.02 million |
$987 million |
5. Mexico |
$469.59 million |
$432.44 million |
$429.84 million |
$458.53 million |
$510.99 million |
$508.16 million |
$552.98 million |
$461.26 million |
$592.59 million |
$689.12 million |
$673.44 million |
6. Costa Rica |
$396.18 million |
$418.34 million |
$417.68 million |
$425.71 million |
$423.42 million |
$429.36 million |
$429.40 million |
$447.75 million |
$540.91 million |
$635.03 million |
$643.10 million |
7. Netherlands |
$251.36 million |
$270.49 million |
$285.49 million |
$307.55 million |
$355.15 million |
$357.71 million |
$294.29 million |
$343.20 million |
$403.18 million |
$641.11 million |
$613.83 million |
8. Panama |
$237.41 million |
$282.68 million |
$261.54 million |
$248.69 million |
$288.75 million |
$242.99 million |
$243.42 million |
$227.27 million |
$296.18 million |
$324.04 million |
$323.86 million |
9. Spain |
$80.12 million |
$98.70 million |
$59.23 million |
$73.72 million |
$84.97 million |
$151.11 million |
$158.92 million |
$197.72 million |
$266.32 million |
$307.31 million |
$293.66 million |
10. Dominican Republic |
$127.57 million |
$142.08 million |
$151.50 million |
$149.39 million |
$144.87 million |
$172.85 million |
$166.37 million |
$160.57 million |
$198.85 million |
$249.74 million |
$231.54 million |
Insights into Guatemala's Trade Agreements
- In August 2004, the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) was signed by the Dominican Republic, the United States, and five Central American nations: Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.
- After Guatemala fulfilled its implementation-related obligations, the Agreement became operative on July 1, 2006.
- Ninety-five percent of the US agricultural exports go duty-free into Guatemala under CAFTA-DR. By 2020, Guatemala will remove its remaining tariffs on almost all agricultural products from the United States.
- Five years ahead of schedule, Guatemala removed its out-of-quota tariff on chicken leg quarters in 2017.
- In addition to CAFTA-DR, Guatemala is negotiating free trade agreements with South Korea, the United Kingdom, and Canada.
- It has also signed bilateral free trade agreements with Chile, Mexico, Colombia, Taiwan, Panama, the European Union, Peru, and the European Free Trade Association (EFTA) nations.
- In addition, Guatemala is negotiating partial-scope agreements with Israel and Bolivia and has already signed partial-scope agreements with Belize, Ecuador, Cuba, Trinidad and Tobago, and Venezuela.
- These Guatemala trade agreements cover fewer products and do not contain chapters beyond commerce. In 1998, a uniform external tariff schedule was developed for Central America.
Conclusion
In conclusion, Guatemala has diverse export partners, with the USA, El Salvador, Honduras, and Nicaragua leading the way in total export value. These strong trade relationships highlight Guatemala's place in the global export market and the importance of international trade for the country's economy with the help of the Guatemala export partners 2024.
To know more about the Guatemala export partners and get the latest Guatemala buyers-suppliers data, contact us at info@tradeimex.in.
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