2022
Exports
$19.5kWorld Rnk 50 / 80
Flag Rnk 897 / 1099
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.68Rnk 287 / 1025
2022
Imports
$31.4kWorld Rnk 73 / 144
Flag Rnk 1070 / 1184
2022
ECONOMIC COMPLEXITY of Guatemala
-0.2Rnk 76 / 133

About

Exports In 2022, Guatemala exported $19.5k in Rare-Earth Metal Compounds, making it the 50th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 897th most exported product in Guatemala. The main destination of Rare-Earth Metal Compounds exports from Guatemala are: El Salvador ($12.6k), Dominican Republic ($5.43k), Costa Rica ($1.02k), Nicaragua ($192), and Honduras ($190).

The fastest growing export markets for Rare-Earth Metal Compounds of Guatemala between 2021 and 2022 were Dominican Republic ($2.13k), Honduras ($190), and Nicaragua ($165).

Imports In 2022, Guatemala imported $31.4k in Rare-Earth Metal Compounds, becoming the 73rd largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 1070th most imported product in Guatemala. Guatemala imports Rare-Earth Metal Compounds primarily from: United States ($18.8k), Mexico ($5.9k), Germany ($4.39k), China ($2.05k), and Japan ($239).

The fastest growing import markets in Rare-Earth Metal Compounds for Guatemala between 2021 and 2022 were United States ($8.13k), Mexico ($5.9k), and China ($2.05k).

Latest Trends

Jul 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 Rare-Earth Metal Compounds. 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)$19.5k
IMPORTS (2022)$31.4k
NET TRADE (2022)-$12k

In 2022, Guatemala exported $19.5k in Rare-Earth Metal Compounds. The main destinations of Guatemala exports on Rare-Earth Metal Compounds were El Salvador ($12.6k), Dominican Republic ($5.43k), Costa Rica ($1.02k), Nicaragua ($192), and Honduras ($190).

In 2022, Guatemala imported $31.4k in Rare-Earth Metal Compounds, mainly from United States ($18.8k), Mexico ($5.9k), Germany ($4.39k), China ($2.05k), and Japan ($239).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Guatemala WERE (2021 - 2022):
Dominican Republic$2.13k (64.5%)
Honduras$190 (1%)
Nicaragua$165 (611%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Guatemala WERE (2021 - 2022):El Salvador-$5.95k (-32%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Guatemala's main exporting competitors in Rare-Earth Metal Compounds were:
In 2022, Guatemala's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.19k
TOP IMPORT POTENTIALUnited States+ $5.88k

Rare-Earth Metal Compounds’s highest export potential is China. With an export gap of $1.19k.   Rare-Earth Metal Compounds’s highest import potential is United States with an import gap of $5.88k.

See methodology.

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