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Guatemala’s Top Trading Partners

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Guatemala's Top Trading PartnersGuatemala City

Guatemala shipped US$15.6 billion worth of exported products around the world in 2025, up by 14.7% from the $13.6 billion worth of Guatemalan exports in 2021.

From 2024 to 2025, the value of Guatemala’s worldwide exports expanded 6.8% versus $14.6 billion during 2024.

Guatemala’s 5 Most Valuable International Customers

The top 5 most valuable importers for products that Guatemala exported during 2025 are the United States of America, El Salvador, Honduras, Nicaragua and Mexico. Combined, that quintet of major Guatemalan trade partners generated over two-thirds (67.4%) of Guatemala’s export revenues.

Applying a continental lens, 44.9% of Guatemala’s exports by value was delivered to Latin America excluding Mexico but including the Caribbean countries while 37.2% was sold to importers in North America.

Guatemala shipped another 9.4% worth of goods to buyers in Europe.

Lesser percentages went to customers located in Asia (6.3%), Africa (2.1%) then Oceania (0.2%) led by Australia and New Zealand.

Below is a list showcasing 25 of Guatemala’s top trading partners. That is, these are the countries that imported the most Guatemalan shipments by dollar value during 2025. Also shown is each import country’s percentage of total Guatemalan exports.

  1. United States: US$4.8 billion (30.9% of total Guatemalan exports)
  2. El Salvador: $2.1 billion (13.7%)
  3. Honduras: $1.8 billion (11.4%)
  4. Nicaragua: $1.1 billion (7%)
  5. Mexico: $688.2 million (4.4%)
  6. Costa Rica: $666.6 million (4.3%)
  7. Netherlands: $538 million (3.5%)
  8. Panama: $306.2 million (2%)
  9. Canada: $291.3 million (1.9%)
  10. Dominican Republic: $282.6 million (1.8%)
  11. Spain: $207.9 million (1.3%)
  12. Japan: $185.1 million (1.2%)
  13. Saudi Arabia: $147.6 million (0.9%)
  14. Belize: $142.7 million (0.9%)
  15. Belgium: $136.3 million (0.9%)
  16. Germany: $136.3 million (0.9%)
  17. Taiwan: $127.2 million (0.8%)
  18. Italy: $111 million (0.7%)
  19. United Kingdom: $97.5 million (0.6%)
  20. South Korea: $97 million (0.6%)
  21. Chile: $95.9 million (0.6%)
  22. United Arab Emirates: $89.6 million (0.6%)
  23. Ecuador: $87.9 million (0.6%)
  24. Brazil: $79.2 million (0.5%)
  25. Colombia: $77 million (0.5%)

By value, over nine-tenths (92.5%) of Guatemalan exports in 2025 was delivered to the above 25 trade partners.

The strongest increases among the listed importers for Guatemala’s exports belong to: Canada (up 57.3% from 2024), Japan (up 51.4%), Brazil (up 46%), Germany (up 34%) then Belgium (up 26.6%).

Double-digit percentage decliners were buyer in Colombia (down -38.5% from 2024), United Arab Emirates (down -34.9%), Saudi Arabia (down -18.4%) and Chile (down -14.5%).

Countries Causing Guatemala’s Largest Trade Deficits

Guatemala incurred a total -US$19 billion trade deficit during 2025, expanding by 6.3% from the -$17.9 billion in red ink one year earlier in 2024.

As defined by Investopedia, a country whose total value of all imported goods is higher than its value of all exports is said to have a negative trade balance or deficit.

It would be unrealistic for any exporting nation to expect across-the-board positive trade balances with all its importing partners. Similarly, that export country doesn’t necessarily post a negative trade balance with each individual partner with which it exchanges exports and imports.

Guatemala incurred the highest trade deficits with the following countries.

  1. United States: -US$6.1 billion (country-specific trade deficit in 2024)
  2. mainland China: -$5.5 billion
  3. Mexico: -$2.7 billion
  4. Panama: -$969.9 million
  5. India: -$732 million
  6. Brazil: -$605.4 million
  7. Colombia: -$575.1 million
  8. Costa Rica: -$527.4 million
  9. Vietnam: -$493.4 million
  10. Hong Kong: -$415.7 million

Among Guatemala’s trading partners that cause the greatest negative trade balances, Guatemalan deficits with India (up 32.4%), Panama (up 25%) and India (up 18.5%) grew at the fastest pace from 2024 to 2025.

These cashflow deficiencies clearly indicate Guatemala’s competitive disadvantages with the above countries, but also represent key opportunities for Guatemala to develop country-specific strategies to strengthen its overall position in international trade.

Countries Driving Guatemala’s Best Trade Surpluses

Based on Investopedia’s definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.

Guatemala incurred the highest trade surpluses with the following countries.

  1. Nicaragua: US$911.2 million (country-specific trade surplus in 2025)
  2. Honduras: $828.9 million
  3. El Salvador: $512.6 million
  4. Netherlands: $304.9 million
  5. Dominican Republic: $251.1 million
  6. Belize: $133 million
  7. Saudi Arabia: $124.8 million
  8. Ivory Coast: $71.4 million
  9. United Arab Emirates: $68.2 million
  10. Jamaica: $48.9 million

Among Guatemala’s trading partners that generate the greatest positive trade balances, Guatemalan surpluses with Africa’s Ivory Coast (up 304.8%), Jamaica (up 49.2%), El Salvador (up 18.3%) and the Netherlands (up 13.5%) grew at the fastest pace from 2024 to 2025.

These positive cashflow streams clearly indicate Guatemala’s competitive advantages with the above countries, but also represent key opportunities for Guatemala to develop country-specific strategies to optimize its overall position in international trade.

Companies Servicing Guatemalan Trading Partners

Wikipedia lists exporters from Guatemala. Selected examples are shown below:

  • Claro Americas (telecommunications)
  • Corporación Multi Inversiones (agro-industrial conglomerate)
  • Malher (food, beverages)
  • Ron Zacapa Centenario (premium rum)
  • Trama Textiles (hand-made woven goods)

See also Guatemala’s Top 10 Exports, Costa Rica’s Top 10 Exports, El Salvador’s Top 10 Exports and Belize’s Top 10 Exports, Dominican Republic’s Top 10 Exports and Cuba’s Top 10 Exports

Research Sources:
Central Intelligence Agency, The World Factbook Country Profiles. Accessed on November 6, 2026

Trade Map, International Trade Centre, Trade Map. Accessed on November 6, 2026

Investopedia, Net Importer Definition. Accessed on November 6, 2026

Wikipedia, List of Companies of Guatemala. Accessed on November 6, 2026

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