Petroleum Oils Export of Guatemala: Trade Trends and Updates of 2024

Petroleum oils, the broad category of hydrocarbon-based fluids derived from crude oil, mostly used for energy generation in different industrial sectors, have solidified their position in the global trade. The commodity, being an essential energy resource and a raw industrial material, and in high demand across economies, has positioned its ranking as the topmost demanded one among the consumer-based necessities. Guatemala Import Data says the country in Central America, bordered by Mexico and Honduras in the north and east, has solidified its position as a leading exporter of petroleum oils in the international trade market due to the proven oil reserves and the low domestic refining capacity.

The domestic expertise of Guatemala in producing petroleum oils and the local employment rate have resulted in an export value of petroleum oils from the nation worth 1.5 billion US dollars in 2024. The better transport infrastructure and the regional petroleum demand have maintained continuity in the global trade output. Subscribe to Import Globals, the leading Guatemala import export trade provider, to stay updated with the latest information regarding the petroleum oils export of the nation via the Guatemala trade data.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF PETROLEUM OILS FROM GUATEMALA IN 2024

The CEPAL technical assistance to the Ministry of Energy and Mines, along with the 15-year extension of the PEN&CO oil contract, has improved the efficiency of introduction while promoting the strategic decisions around the exports.

The promotion of sustainable ESG-focused funding has influenced the future growth of petroleum exports while guiding a transition to more sustainable forms. These initiatives are basically designed to influence the domestic mineral fuel reserves regarding their export ambitions for continuous growth in their trade output.

THE LEADING VARIANTS OF PETROLEUM OILS EXPORTED FROM GUATEMALA IN 2024

Guatemala, due to its potential capacity for environmentally responsible extraction and use of oil revenue for development, has resulted in diversity in the export portfolio. According to the Guatemala Export Data, the top 10 leading variants of petroleum oils exported from the nation in 2024 are,

  • Crude oil – The annual valuation of Crude oil exported from Guatemala in 2024 –356 million US dollars
  • Gasoline (Petrol) – The annual valuation of Gasoline (Petrol) exported from Guatemala in 2024 – 278 million US dollars
  • Diesel fuel– The annual valuation of Diesel fuel exported from Guatemala in 2024 – 212 million US dollars
  • Kerosene – The annual valuation of Kerosene exported from Guatemala in 2024 – 198 million US dollars
  • Jet fuel (Aviation turbine fuel) – The annual valuation of Jet fuel (Aviation turbine fuel) exported from Guatemala in 2024 – 165 million US dollars
  • Fuel oil (Heavy fuel oil / Residual oil) – The annual valuation of Fuel oil (Heavy fuel oil / Residual oil) exported from Guatemala in 2024 – 154 million US dollars
  • Lubricating oil – The annual valuation of Lubricating oil exported from Guatemala in 2024 – 142 million US dollars
  • Bitumen (Asphalt) – The annual valuation of Bitumen (Asphalt)  exported from Guatemala in 2024 – 123 million US dollars
  • Naphtha– The annual valuation of Naphtha exported from Guatemala in 2024 – 109 million US dollars
  • Liquefied petroleum gas (LPG) – The annual valuation of Liquefied petroleum gas (LPG) exported from Guatemala in 2024 – 92 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF GUATEMALA IN 2024

The country, with its stronger pricing reserves and strategic long-term contracts, has maintained integrity with the topmost importing regions. As per the Guatemala Customs Data, the top 10 export trade partners of the nation for petroleum oils exports in 2024 are,

  • United States – The total valuation of petroleum oils exported from Guatemala to the United States in 2024 – 342 million US dollars
  • Top 5 variants of petroleum oils exported
  1. Sour crude oil
  2. Gasoline
  3. Premium gasoline
  4. Regular gasoline
  5. Diesel fuel
  • El Salvador – The total valuation of petroleum oils exported from Guatemala to El Salvador in 2024 – 267 million US dollars
  • Top 5 variants of petroleum oils exported
  1. Ultra-low sulfur diesel
  2. Kerosene
  3. Jet fuel
  4. Aviation turbine fuel
  5. Fuel oil
  • Honduras – The total valuation of petroleum oils exported from Guatemala to Honduras in 2024 – 234 million US dollars
  • Top 5 variants of petroleum oils exported
  1. Hydraulic oil
  2. Gear oil
  3. Transmission oil
  4. Marine fuel oil
  5. Asphalt
  • Nicaragua – The total valuation of petroleum oils exported from Guatemala to Nicaragua in 2024 – 187 million US dollars
  • Top 5 variants of petroleum oils exported          
  1. Naphtha
  2. Reformate
  3. Liquefied petroleum gas (LPG)
  4. Propane
  5. Butane
  • Mexico – The total valuation of petroleum oils exported from Guatemala to Mexico in 2024 – 167 million US dollars
  • Top 5 variants of petroleum oils exported
  1. White mineral oil
  2. Heavy mineral oil
  3. Light mineral oil
  4. Paraffin oil
  5. Base oil
  • Costa Rica – The total valuation of petroleum oils exported from Guatemala to Costa Rica in 2024 – 145 million US dollars
  • Top 5 variants of petroleum oils exported
  1. Furnace oil
  2. Heating oil
  3. Bunker fuel
  4. Marine diesel oil
  5. High-speed diesel
  • Panama – The total valuation of petroleum oils exported from Guatemala to Panama in 2024 – 128 million US dollars
  • Top 5 variants of petroleum oils exported
  1. Gas-to-liquid (GTL) diesel
  2. Hydrotreated vegetable oil (HVO)
  3. Synthetic diesel
  4. Synthetic lubricating oil
  5. Transformer oil
  • Netherlands – The total valuation of petroleum oils exported from Guatemala to the Netherlands in 2024 – 119 million US dollars
  • Top 5 variants of petroleum oils exported
  1. Circulating oil
  2. Spindle oil
  3. Compressor oil
  4. Refrigeration oil
  5. Solvent-refined oil
  • Spain – The total valuation of petroleum oils exported from Guatemala to Spain in 2024 – 102 million US dollars
  • Top 5 variants of petroleum oils exported
  1. Petrolatum
  2. White petrolatum
  3. Mineral jelly
  4. Bituminous oil
  5. Tar oil
  • Japan – The total valuation of petroleum oils exported from Guatemala to Japan in 2024 – 98 million US dollars
  • Top 5 variants of petroleum oils exported
  1. Iso-paraffin
  2. Aromatic solvent
  3. Hydrotreated naphtha
  4. Catalytic reformate
  5. Hydrogenated oil

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