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2018
Exports $3.49kWorld Rnk 104 / 128
Flag Rnk 969 / 1099
2018
Destination $3.41k Costa Rica
2021 - 2022
FASTEST GROWING MARKET $3.41kCosta Rica
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2018
Imports $108kWorld Rnk 77 / 130
Flag Rnk 1005 / 1184
2018
Origin $28k United States
2021 - 2022
FASTEST GROWING ORIGIN $28kUnited States
2022
ECONOMIC COMPLEXITY of Guatemala-0.2Rnk 76 / 133

About

Exports In 2018, Guatemala exported $3.49k in Iron Ore, making it the 104th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 969th most exported product in Guatemala. The main destination of Iron Ore exports from Guatemala are: Costa Rica ($3.41k) and Honduras ($78).

The fastest growing export markets for Iron Ore of Guatemala between 2021 and 2022 were Costa Rica ($3.41k) and Honduras ($78).

Imports In 2022, Guatemala imported $108k in Iron Ore, becoming the 77th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1005th most imported product in Guatemala. Guatemala imports Iron Ore primarily from: United States ($55.4k), France ($51.2k), and Mexico ($973).

The fastest growing import markets in Iron Ore for Guatemala between 2021 and 2022 were United States ($28k) and Mexico ($973).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Ore. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.49k
IMPORTS (2022)$108k
NET TRADE (2022)-$104k

In 2022, Guatemala exported $3.49k in Iron Ore. The main destinations of Guatemala exports on Iron Ore were Costa Rica ($3.41k) and Honduras ($78).

In 2022, Guatemala imported $108k in Iron Ore, mainly from United States ($55.4k), France ($51.2k), and Mexico ($973).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Costa Rica$3.41k (1%)
Honduras$78 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Guatemala WERE (2021 - 2022):Luxembourg-$82 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Guatemala's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $2k
TOP IMPORT POTENTIALUnited States+ $60.2k

Iron Ore’s highest export potential is China. With an export gap of $2k.   Iron Ore’s highest import potential is United States with an import gap of $60.2k.

See methodology.

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