Guatemala recorded a trade deficit of 506.50 USD Million in February of 2020.

Balance of Trade in Guatemala averaged -409.40 USD Million from 1995 until 2020, reaching an all time high of 68.20 USD Million in March of 1996 and a record low of -993 USD Million in October of 2019. This page provides - Guatemala Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Guatemala Balance of Trade - values, historical data and charts - was last updated on May of 2020.

Balance of Trade in Guatemala is expected to be -540.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Guatemala to stand at -720.00 in 12 months time. In the long-term, the Guatemala Balance of Trade is projected to trend around -1050.00 USD Million in 2021 and -1070.00 USD Million in 2022, according to our econometric models.

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Guatemala Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-506.50 -715.80 68.20 -993.00 1995 - 2020 USD Million Monthly

Guatemala Trade Last Previous Highest Lowest Unit
Balance of Trade -506.50 -715.80 68.20 -993.00 USD Million [+]
Current Account 332.58 628.62 628.62 -880.98 USD Million [+]
Current Account to GDP 2.40 0.80 2.40 -8.40 percent [+]
Imports 1532.50 1735.60 1881.10 214.00 USD Million [+]
Exports 1026.00 1019.80 1086.90 145.60 USD Million [+]
Capital Flows 11.40 -11.40 627.20 -1423.10 USD Million [+]
Remittances 5650.20 5390.80 5650.20 96.50 USD Million [+]
Gold Reserves 6.89 6.89 7.06 6.66 Tonnes [+]
Foreign Direct Investment 252.30 264.40 444.40 66.10 USD Million [+]
Crude Oil Production 9.00 10.00 28.00 7.50 BBL/D/1K [+]
Terrorism Index 1.33 0.21 2.64 0.00 [+]
Tourist Arrivals 667205.00 605133.00 667205.00 368746.00 persons [+]


Guatemala Balance of Trade
Guatemala’s structural trade deficit reflects the country’s need for oil (over 25 percent of total imports). Guatemala is a net exporter of coffee, apparel, sugar and precious metals. The United States is the Guatemala's main trading partner with 38 percent of the imports and 40 percent of the exports. Others include: Mexico, El Salvador and Honduras.