# Guatemala to Iceland HS 271019 new corridor signal

This page reviews a reported new-corridor signal for hs 271019. It separates reported trade observations from calculated indicators and access context.

## Signal summary

- Signal type: New corridor
- Signal strength: 72/100
- Reported period: 2024
- Buyer market imports: $884.6M
- Buyer market growth: +1.0%
- Current exporter share: 0.0%
- Share gap: 44.0%

## What the signal means

The signal points to a newly observed exporter-to-buyer relationship in the available reporting. It is a prompt for market research, not a forecast, order, or guarantee of commercial access. Compare demand, suppliers, access, and route history together before acting.

## Market opportunity

- Latest buyer imports: $884.6M
- Three-year buyer-import projection: $1.1B
- Supplier countries observed: 81
- Average buyer imports: $401.7M
- Historical buyer-import peak: $1.0B
- Full-history buyer-import CAGR: +8.2%
- Latest buyer-import annual change: +1.0%

## Competition landscape

- Top supplier: Norway
- Top supplier share: 44.0%
- Market concentration: 2,378
- Exporter share: 0.0%
- Share gap to peer benchmark: 44.0%

## Access profile

- Applied tariff: Not reported
- MFN tariff: Not reported
- Preferential tariff: Not reported
- Approximate distance: 7,520 km
- Trade agreement: Not reported
- Business entry time: 11.5 days
- Shared spoken language score: 0

## Buyer economy

- GDP per person: $68.4K
- GDP per-person growth: +9.9%
- Population: 372k
- GDP: $25.5B
- GDP five-year CAGR: Not reported
- Investment rate: 23.3%
- Savings rate: 24.4%

## Product-level history

| Year | Product exports | Year-on-year |
| ---: | ---: | ---: |
| 2024 | $3.9K | +0.0% |

## Broader route context

Broader Guatemala to Iceland route exports provide route context only; they are not presented as HS 271019 product-level trade.

| Year | Route exports | Year-on-year |
| ---: | ---: | ---: |
| 1995 | $16.6K | +0.0% |
| 1996 | $24.3K | +45.7% |
| 1997 | $23.5K | -3.0% |
| 1998 | $50.0K | +112.8% |
| 1999 | $63.5K | +26.8% |
| 2000 | $22.2K | -65.0% |
| 2001 | $59.8K | +169.3% |
| 2002 | $92.6K | +54.9% |
| 2003 | $37.3K | -59.7% |
| 2004 | $168.2K | +350.5% |
| 2005 | $187.8K | +11.7% |
| 2006 | $127.1K | -32.3% |
| 2007 | $272.6K | +114.4% |
| 2008 | $172.5K | -36.7% |
| 2009 | $100.5K | -41.7% |
| 2010 | $180.1K | +79.1% |
| 2011 | $258.7K | +43.6% |
| 2012 | $334.9K | +29.4% |
| 2013 | $319.2K | -4.7% |
| 2014 | $204.3K | -36.0% |
| 2015 | $175.4K | -14.1% |
| 2016 | $229.5K | +30.8% |
| 2017 | $298.4K | +30.0% |
| 2018 | $125.8K | -57.8% |
| 2019 | $142.2K | +13.0% |
| 2020 | $146.6K | +3.1% |
| 2021 | $133.1K | -9.2% |
| 2022 | $200.9K | +51.0% |
| 2023 | $89.4K | -55.5% |
| 2024 | $124.1K | +38.8% |

## Related new-corridor signals

| Exporter to buyer | Product | Signal type | Buyer imports | Page |
| --- | --- | --- | ---: | --- |
| Guatemala to CHN | HS 271019 | New corridor | $17.9B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/gtm-chn-271019) |
| Guatemala to Italy | HS 271600 | New corridor | $5.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/gtm-ita-271600) |
| Guatemala to Mexico | HS 850760 | New corridor | $5.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/gtm-mex-850760) |
| Guatemala to Italy | HS 150910 | New corridor | $2.6B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/gtm-ita-150910) |
| Guatemala to Denmark | HS 271019 | New corridor | $2.4B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/gtm-dnk-271019) |
| Guatemala to Spain | HS 870840 | New corridor | $2.3B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/gtm-esp-870840) |
| Guatemala to Malaysia | HS 848690 | New corridor | $2.1B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/gtm-mys-848690) |
| Guatemala to Austria | HS 300215 | New corridor | $1.8B | [Review this signal](https://www.yugalinks.com/trade/signal/new-corridor/gtm-aut-300215) |

## Frequently asked questions

### What does a new corridor signal mean?

It identifies an exporter, buyer market, and HS6 combination included in the available new-corridor signal set for 2024. It is a research prompt, not a guarantee of demand or sales.

### Is the market opportunity reported trade?

Reported buyer imports and exporter share are observations. Any projection or share-gap measure is calculated from the available data and should not be treated as an order or forecast.

### What should exporters check next?

Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route.

## Method

The signal is a calculated research indicator based on available reported trade observations. It is not a confirmed order, sales forecast, or guarantee of market entry. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-09-02). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.