2023
Exports
$12.1MWorld Rnk 46 / 152
Flag Rnk 145 / 1091
2023
PRODUCT COMPLEXITY IN Iron Wire
-0.29Rnk 643 / 1025
2023
Imports
$22.9MWorld Rnk 58 / 215
Flag Rnk 237 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $12.1M in Iron Wire, making it the 46th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 145th most exported product in Guatemala. The main destination of Iron Wire exports from Guatemala are: Honduras ($5.84M), El Salvador ($3.82M), Nicaragua ($1.21M), Costa Rica ($790k), and Belize ($270k).

The fastest growing export markets for Iron Wire of Guatemala between 2022 and 2023 were Nicaragua ($412k), Panama ($169k), and Belize ($8.45k).

Imports In 2023, Guatemala imported $22.9M in Iron Wire, becoming the 58th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 237th most imported product in Guatemala. Guatemala imports Iron Wire primarily from: China ($7.65M), El Salvador ($4.65M), Portugal ($2.51M), Colombia ($2.02M), and Mexico ($1.93M).

The fastest growing import markets in Iron Wire for Guatemala between 2022 and 2023 were Colombia ($1.97M), Portugal ($494k), and Peru ($357k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Wire. 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 (2023)$12.1M
IMPORTS (2023)$22.9M
NET TRADE (2023)-$10.8M

In 2023, Guatemala exported $12.1M in Iron Wire. The main destinations of Guatemala exports on Iron Wire were Honduras ($5.84M), El Salvador ($3.82M), Nicaragua ($1.21M), Costa Rica ($790k), and Belize ($270k).

In 2023, Guatemala imported $22.9M in Iron Wire, mainly from China ($7.65M), El Salvador ($4.65M), Portugal ($2.51M), Colombia ($2.02M), and Mexico ($1.93M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Nicaragua$412k (51.7%)
Panama$169k (1%)
Belize$8.45k (3.23%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Guatemala WERE (2022 - 2023):
El Salvador-$671k (-14.9%)
Costa Rica-$628k (-44.3%)
Dominican Republic-$270k (-92.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Guatemala's main exporting competitors in Iron Wire were:
China $1.86B
Italy $581M
In 2023, Guatemala's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALDominican Republic+ $85.9k
TOP IMPORT POTENTIALChina+ $1.93M

Iron Wire’s highest export potential is Dominican Republic. With an export gap of $85.9k.   Iron Wire’s highest import potential is China with an import gap of $1.93M.

See methodology.

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