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Trade between Guatemala and Mexico

In 2024, Guatemala exported $744 million to Mexico and imported $3.3 billion. Guatemala ran a deficit of $2.6 billion with Mexico, compared with a deficit of $1.7 billion in 2019. Mexico was Guatemala’s 3rd largest trading partner (8% of its trade), and Guatemala was Mexico’s 21st (0.3%).

Summary

Guatemala → Mexico
$744million
Mexico → Guatemala
$3.3billion
Guatemala’s balance
-$2.6billion

Balance

Guatemala’s trade balance with Mexico

Trade between Guatemala and Mexico grew 9.7-fold since 1995

USD billions (current). Guatemala’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.7
  • Imports 3.3
  • Balance -2.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$63 million$357 million-$295 million
1996$98 million$386 million-$289 million
1997$94 million$487 million-$393 million
1998$109 million$532 million-$423 million
1999$106 million$545 million-$439 million
2000$115 million$652 million-$536 million
2001$100 million$590 million-$491 million
2002$110 million$586 million-$476 million
2003$152 million$600 million-$449 million
2004$217 million$661 million-$444 million
2005$250 million$932 million-$682 million
2006$342 million$903 million-$560 million
2007$627 million$1.2 billion-$573 million
2008$673 million$1.4 billion-$751 million
2009$659 million$1.2 billion-$540 million
2010$621 million$1.5 billion-$924 million
2011$599 million$1.9 billion-$1.3 billion
2012$661 million$1.9 billion-$1.2 billion
2013$566 million$1.9 billion-$1.3 billion
2014$493 million$2 billion-$1.5 billion
2015$452 million$2 billion-$1.6 billion
2016$484 million$1.9 billion-$1.5 billion
2017$528 million$2 billion-$1.5 billion
2018$536 million$2.2 billion-$1.6 billion
2019$588 million$2.2 billion-$1.7 billion
2020$485 million$2.2 billion-$1.7 billion
2021$585 million$2.7 billion-$2.2 billion
2022$676 million$3.3 billion-$2.6 billion
2023$723 million$3.3 billion-$2.6 billion
2024$744 million$3.3 billion-$2.6 billion

What they sell each other

What Guatemala sells to Mexico

The top 10 headings in 2024, with their share of the total.

  1. Cane and beet sugar$97 million · 13.1%
    146 thousand tonnes
  2. Natural rubber$75 million · 10.1%
    45 thousand tonnes
  3. Palm oil$67 million · 9%
    94 thousand tonnes
  4. Candy and sweets$30 million · 4.1%
    18 thousand tonnes
  5. Paper boxes and packaging$30 million · 4%
    24 thousand tonnes
  6. Pesticides and herbicides$27 million · 3.6%
    832 tonnes
  7. Fragrance mixtures$27 million · 3.6%
    655 tonnes
  8. Detergents and surfactants$22 million · 2.9%
    23 thousand tonnes
  9. Bread, biscuits and pastries$19 million · 2.6%
    7 thousand tonnes
  10. Soups and broths$18 million · 2.4%
    6 thousand tonnes

What Mexico sells to Guatemala

The top 10 headings in 2024, with their share of the total.

  1. Monitors and projectors$128 million · 3.9%
    6 thousand tonnes · Mexico’s destinations
  2. Electricity$125 million · 3.8%
  3. 46 thousand tonnes · Mexico’s destinations
  4. Cables and wire$86 million · 2.6%
    10 thousand tonnes · Mexico’s destinations
  5. Sauces and condiments$82 million · 2.5%
    7 thousand tonnes
  6. Fragrance mixtures$81 million · 2.5%
    6 thousand tonnes
  7. Toilet paper and tissues$72 million · 2.2%
    18 thousand tonnes
  8. Metal caps and lids$72 million · 2.2%
    11 thousand tonnes
  9. 43 thousand tonnes
  10. Other food preparations$63 million · 1.9%
    11 thousand tonnes

How it travels

Guatemala and Mexico traded $4.1 billion in 2024 (both directions together). They trade mostly over land: 86% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Sea$581 million · 14.3%
  2. Land$3.5 billion · 85.7%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Mexico was Guatemala’s 3rd largest trading partner (8% of its trade), and Guatemala was Mexico’s 21st (0.3%).

Mexico in Guatemala’s trade
8.4%
Mexico’s rank among Guatemala’s partners
3rd
Guatemala in Mexico’s trade
0.3%
Guatemala’s rank among Mexico’s partners
21st

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.