2023
Exports
$47.4MWorld Rnk 36 / 164
Flag Rnk 66 / 1091
2023
PRODUCT COMPLEXITY IN Iron Blocks
-0.47Rnk 688 / 1025
2023
Imports
$67MWorld Rnk 56 / 220
Flag Rnk 97 / 1187
2023
ECONOMIC COMPLEXITY of Guatemala
-0.21Rnk 73 / 132

About

Exports In 2023, Guatemala exported $47.4M in Iron Blocks, making it the 36th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 66th most exported product in Guatemala. The main destination of Iron Blocks exports from Guatemala are: Honduras ($18.1M), El Salvador ($15.1M), Nicaragua ($6.42M), Costa Rica ($4.96M), and Belize ($2.47M).

The fastest growing export markets for Iron Blocks of Guatemala between 2022 and 2023 were Costa Rica ($2.66M), Nicaragua ($2.15M), and Honduras ($1.1M).

Imports In 2023, Guatemala imported $67M in Iron Blocks, becoming the 56th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 97th most imported product in Guatemala. Guatemala imports Iron Blocks primarily from: China ($24.1M), Mexico ($17.5M), El Salvador ($9.96M), Honduras ($6.08M), and Turkey ($4.67M).

The fastest growing import markets in Iron Blocks for Guatemala between 2022 and 2023 were China ($11.3M), El Salvador ($1.36M), and Brazil ($761k).

Latest Trends

Dec 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 Blocks. 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)$47.4M
IMPORTS (2023)$67M
NET TRADE (2023)-$19.6M

In 2023, Guatemala exported $47.4M in Iron Blocks. The main destinations of Guatemala exports on Iron Blocks were Honduras ($18.1M), El Salvador ($15.1M), Nicaragua ($6.42M), Costa Rica ($4.96M), and Belize ($2.47M).

In 2023, Guatemala imported $67M in Iron Blocks, mainly from China ($24.1M), Mexico ($17.5M), El Salvador ($9.96M), Honduras ($6.08M), and Turkey ($4.67M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Guatemala WERE (2022 - 2023):
Costa Rica$2.66M (116%)
Nicaragua$2.15M (50.6%)
Honduras$1.1M (6.47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Guatemala WERE (2022 - 2023):
El Salvador-$346k (-2.24%)
Cuba-$37k (-100%)
Panama-$4.1k (-43.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Guatemala's main exporting competitors in Iron Blocks were:
China $2.69B
Spain $1.83B
Germany $1.64B
In 2023, Guatemala's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $257k
TOP IMPORT POTENTIALMexico+ $2.68M

Iron Blocks’s highest export potential is United States. With an export gap of $257k.   Iron Blocks’s highest import potential is Mexico with an import gap of $2.68M.

See methodology.

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