Guatemala: Imports and Exports Decrease

Through February 2009, the amount of imports and exports was 25.7% and 1.5% lower than for the same period last year, respectively.

Tuesday, April 21, 2009

The data disclosed by the Bank of Guatemala in February 2009 indicated that there were $1.217 billion exported and $1.726 billion imported.

Leonel Diaz wrote in "Export value is influenced mainly by the increase in exports of our main products (sugar, bananas, coffee, cardamom and oil) for $100.1 million (34.7%), but that amount was offset by a decline of $33.1 million (-9.4%) in exports to Central America and a decline of $85.6 million (-14.4%) in other products to the rest of the world."

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Central America Trades Less with the World

September 2009

For the first half of the year, regional exports dropped 13.5% while imports diminished 28.9%.

From January to June 2009, the region exported $1.54 billion, 13.5% less than the same period of 2008, and it imported $6.84 billion, 28.9% less than in 2008.

While trade between countries of the region didn't drop, it slowed down, going from growth rates of 25.2% to 16%.

Red Figures in Guatemalan Trade

August 2009

In the first half of the year, exports were down 6.9% and imports dropped 28% when compared to the same period of 2008.

According to data by the Central Bank of Guatemala (Banguat), exports totaled $3.714 million while imports summed $5.386 million.

From website "Rubén Morales, Economy Minister, said that, in the light of this situation, they will foster exports with more trade missions to countries where Guatemala has free trade agreements".

Regional Trade Down 21%

July 2009

From January to May 2009, $1.736 were exported and imported within the region, down from the $2.196 million registered in the same period of 2009.

The global economic crisis was the main reason behind the fall in regional trade, as imports and exports to the rest of the world also decreased, with drops of 30% and 15% respectively.

Honduras: Imports and Exports Decrease

April 2009

In January 2009, in relation to January 2008, imports and exports decreased 18% and 14% respectively.

The effects of the economic crisis are reflected in the Monthly General Goods Report published by the Central Bank of Honduras.

On the export side, the basket of traditional products experienced a decrease of 22.5%, a figure greater than the decline in exports of nontraditional products such as tilapia, vegetables and shrimp, which registered a decrease of 8.7%.

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