Guatemala: Exports Fall 2%

In accordance with the decrease reported since the beginning of the year, sales abroad reached $7.348 million up to August, 2% less than that recorded in the first eight months of 2017.

Wednesday, October 10, 2018

The Banco de Guatemala report stated that the total exports of General Commerce were at US$7,347.5 million, lower by US$183.3 million (-2.4%) to the registered to August 2017 (US$7,530.8 million). The most important products according to their participation in the total value of exports were: Clothing with US$963.2 million (13.1%), Coffee with US$601.6 million (8.2%), Banana with US$532.2 million (7.2%), Sugar with US$488.5 million (6.6%) and Fats and edible oils with $347.1 million (4.7%). These products represented 39.8% of total exports.

According to the Central Bank report, the main export destinations were: United States of America with US$2,662.8 million (36.2%), Central America with US$2,066.2 million (28.1%), Eurozone with US$600.8 million (8.2%), Mexico with US$343.2 million (4.7%), and Panama with US$163.3 million (2.2%), countries and regions that together represented 79.4% of the total.

On the other hand, the total imports were of US$13,003.6 million, higher than the registered in August 2017 by US$1,085.2 million (9.1%) (US$11,918.4 million). The increase in imports was mainly influenced by the positive variation observed in Raw Materials and Intermediate Products with US$420.5 million (10.7%), as well as Fuels and Lubricants with an increase of US$404.1 million (22.6%).

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In Guatemala, sales abroad totaled $8.147 million up to September, 3% less than in the first nine months of 2017.

The Banco de Guatemala reports that the total amount of General Commerce exports was at US$8,147.4 million, lower by US$220.5 million (-2.6%) to the registered up to September 2017 (US$8,367.9 million).

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