Of the total imports, almost 35% is exported to Central America, some to the Caribbean countries and the rest to the United States.
The largest buyer of chemicals manufactured in Guatemala is Honduras.
"The executive director of Agrequima, Julio Ruano, said the increase may be due to the increase in exports and crop areas, both in Guatemala and in other countries," reported Elperiodico.com.gt.
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In April, the country imported $1.14 billion worth of goods, 20.4% more than April 2009, when it acquired $945 million.
In the same period, however, Guatemala imported less vehicles and saw less activity in Free Zones, according to data from the Tax Authority (SAT).
“In the first four months of the year, the country imported $4.25 billion, a 14.9% increase when compared to the same period of 2009.
The total value of Chinese products entering the country could be triple that amount, due to triangulation in global trade.
Guatemala imported goods from the People's Republic of China (PRC) worth $1.14 billion in 2011, reported the Bank of Guatemala (Banguat).
In January this year, purchases amounted to $103.2 million, demonstrating an upward trend, as this figure is 44.9% more than in the corresponding period in 2011 ($71.2 million).
In the first eight months of the year imports of chemicals rose by 9.3% compared to the same period in 2010.
The Guild of Agricultural Chemical Association (Agrequima) believes the cause of the increased imports is mainly down to two reasons:
-An increase in cultivated areas (mainly sugar cane, bananas and coffee).
In the first six months of the year imports grew by 21% compared to the same period in 2010.
Of the total imported goods in the period under review, capital goods and consumer goods were those who experienced the largest increase, with 31% and 22% respectively.
The increase in foreign purchases in the first half of the year, totaling $5,384 million, reflects Panama’s strong economic performance.