2022
Exports
$468MWorld Rnk 21 / 129
Flag Rnk 6 / 1099
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$10.6MWorld Rnk 86 / 172
Flag Rnk 366 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $468M in Ferroalloys, making it the 21st largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 6th most exported product in Guatemala. The main destination of Ferroalloys exports from Guatemala are: China ($261M), South Korea ($69.9M), Italy ($54.1M), Netherlands ($39.6M), and United States ($30.9M).

The fastest growing export markets for Ferroalloys of Guatemala between 2021 and 2022 were South Korea ($69.9M), China ($49.4M), and Netherlands ($11.6M).

Imports In 2022, Guatemala imported $10.6M in Ferroalloys, becoming the 86th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 366th most imported product in Guatemala. Guatemala imports Ferroalloys primarily from: Mexico ($7.29M), India ($1.93M), China ($1.14M), South Africa ($177k), and United States ($36.1k).

The fastest growing import markets in Ferroalloys for Guatemala between 2021 and 2022 were India ($1.91M), Mexico ($1.66M), and China ($799k).

Latest Trends

Oct 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 Ferroalloys. 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)$468M
IMPORTS (2022)$10.6M
NET TRADE (2022)$458M

In 2022, Guatemala exported $468M in Ferroalloys. The main destinations of Guatemala exports on Ferroalloys were China ($261M), South Korea ($69.9M), Italy ($54.1M), Netherlands ($39.6M), and United States ($30.9M).

In 2022, Guatemala imported $10.6M in Ferroalloys, mainly from Mexico ($7.29M), India ($1.93M), China ($1.14M), South Africa ($177k), and United States ($36.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
South Korea$69.9M (1%)
China$49.4M (23.3%)
Netherlands$11.6M (41.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Guatemala WERE (2021 - 2022):
Finland-$38.2M (-100%)
Italy-$14.6M (-21.2%)
Belgium-$10M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Ferroalloys were:
In 2022, Guatemala's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $52.3M
TOP IMPORT POTENTIALIndia+ $1.26M

Ferroalloys’s highest export potential is China. With an export gap of $52.3M.   Ferroalloys’s highest import potential is India with an import gap of $1.26M.

See methodology.

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