20 Most Valuable Guatemalan Export Products

Most Valuable Guatemalan Export Products

Old Guatemalan wallet

Sharing land borders with Mexico, Belize, Honduras and El Salvador, Guatemala is the most highly populated Central American country.

Guatemala is largely an agricultural economy. Sugar, bananas, coffee and knitted blouses and skirts were among the 20 most valuable Guatemalan export products in 2015.

Precious metal ores, packaged medicine, men’s shirts and nutmeg were also among the 20 highest-value Guatemalan export products.

The following list shows on which products Guatemalan exporters earned the most revenue. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level.

This can help entrepreneurs identify more precisely which products in which the Guatemala has strong competitive advantages compared with other nations — and therefore opportunities for trade partnerships.

Most Valuable Guatemalan Export Products

Below are the 20 most valuable export products sold by Guatemalan exporters in 2015. Shown within brackets is the 4-digit harmonized tariff system code for each item.

  1. Sugar (cane or beet): US$850.7 million (HTS code 1701)
  2. Bananas, plantains: $819.4 million (0803)
  3. Coffee: $664 million (0901)
  4. Knitted/crocheted blouses, skirts $395.9 million (6106)
  5. Precious metal ores, concentrates: $310.9 million (2616)
  6. Lead ores, concentrates: $306.2 million (2607)
  7. Medication mixes in dosage: $304.3 million (3004)
  8. Palm oil: $282.6 million (1511)
  9. Men’s shirts (knit or crochet): $274.8 million (6105)
  10. Nutmeg, mace, cardamons $243.1 million (0908)
  11. Melons, watermelons, papayas: $206.7 million (0807)
  12. Women’s clothing (not knit or crochet): $174.4 million (6204)
  13. Processed petroleum oils: $174.2 million (2710)
  14. Packaged insecticides/fungicides/herbicides: $147.5 million (3808)
  15. Natural rubber: $138.1 million (4001)
  16. Paper containers, cellulose wadding: $130.8 million (4819)
  17. Non-alcoholic drinks (not water/juice/milk): $129.5 million (2202)
  18. Crude oil: $126.9 million (2709)
  19. Iron ferroalloys: $120.7 million (7202)
  20. Bread, biscuits, cakes, pastries: $113.9 million (1905)

Among the most valuable products, Guatemalan lead ores and concentrates posted the greatest increase in the value of export sales up 897.8% from 2011 to 2015.

In second place were exported iron ferroalloys, which improved 213.3% over the same 5-year period.

Exports of refined petroleum also posted a triple-digit gain in 2015, up 200.6% since 2011. Guatemalan bananas and plantains moved ahead in value by 72%.

From 2011 to 2015, the average change for all Guatemalan exports was a 5.8% uptick in value despite the global economic slowdown over the 5-year period.



 
See also Guatemala’s Top 10 Exports and Guatemala’s Top 15 Import Partners

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on April 9, 2016

The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on April 9, 2016

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on April 9, 2016