Guatemala | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from Guatemala totalled $ 294 million in 2023. Sales of commodity group 72 from Guatemala decreased by 58% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 422 million (cumulative exports of commodity group 72 from Guatemala amounted $717 million in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 2.06% of total exports from Guatemala (cumulative merchandise exports from Guatemala totalled $ 14.2 billion in 2023). The share of commodity group 72 in total exports from Guatemala decreased by 2.47 p.p. compared to 2022 (it was 4.53% in 2022 and cumulative exports from Guatemala were equal to $ 15.8 billion).
Where does Guatemala export Iron and steel?
Top export destinations of "Iron and steel" from Guatemala in 2023:
- Honduras with a share of 43% (126 million US$)
- El Salvador with a share of 25% (75 million US$)
- Nicaragua with a share of 11.9% (35 million US$)
- Costa Rica with a share of 5.23% (15.4 million US$)
- China with a share of 4.58% (13.4 million US$)
- Belize with a share of 4.06% (11.9 million US$)
- Switzerland with a share of 1.54% (4.55 million US$)
- USA with a share of 1.13% (3.33 million US$)
- Italy - 2.46 million US$
- Other Asia, nes - 2.37 million US$
Exports structure of 72 - Iron and steel - from Guatemala in 2023 represented by the following main commodity groups:
- 35% (104 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 18% (53 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 13% (38 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 12.2% (36 million US$): 7202 - Ferro-alloys.
- 5.54% (16.2 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 4.47% (13.1 million US$): 7217 - Wire of iron or non-alloy steel
- 4.2% (12.3 million US$): 7215 - Other bars and rods of iron or non-alloy steel
- 2.08% (6.13 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 1.97% (5.8 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 0.813% (2.39 million US$): 7212 - Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated
The value of imports of commodity group 72 "Iron and steel" to Guatemala totalled $ 1.17 billion in 2023. Sales of commodity group 72 to Guatemala decreased by 12.8% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 172 million (the value of imports of commodity group 72 to Guatemala was equal to $1.34 billion in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 3.87% of total import flow to Guatemala (in 2023, total imports to Guatemala amounted to $ 30 billion). The share of commodity group 72 in total imports to Guatemala decreased by 0.319 p.p. compared to 2022 (it was 4.19% in 2022 and cumulative imports to Guatemala were equal to $ 32 billion).
Where does Guatemala import Iron and steel from?
Top trading partners (import of "Iron and steel") of Guatemala in 2023:
- China with a share of 46% (547 million US$)
- Mexico with a share of 13.3% (156 million US$)
- Japan with a share of 9.95% (116 million US$)
- Honduras with a share of 5.68% (66 million US$)
- El Salvador with a share of 3.96% (46 million US$)
- Korea with a share of 3.9% (45 million US$)
- Costa Rica with a share of 3.31% (38 million US$)
- Indonesia with a share of 2.5% (29 million US$)
- Venezuela with a share of 2.11% (24 million US$)
- Turkey with a share of 1.05% (12.3 million US$)
Imports structure of 72 - Iron and steel - to Guatemala in 2023 represented by the following main commodity groups:
- 17.9% (210 million US$): 7207 - Semi-finished products of iron or non-alloy steel
- 15% (176 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 12% (141 million US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 11% (128 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 8.69% (101 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 7.53% (88 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 5.9% (69 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 5.33% (62 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 5.31% (62 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 2.48% (29 million US$): 7206 - Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 72.03)
