Lower growth in exports in Guatemala

Exports were at $3.97 billion on June 30, an increase of 12.9% compared to the first semester of 2007.

Monday, August 18, 2008

According to figures from the Bank of Guatemala (Banquat), the country has managed to diversify its markets at the international level: exports to the EU represent only 41.2% of foreign sales to date, or $1.65 billion during the first semester of this year, an increase of only 7.5% compared to the same period in 2006. This drop is attributed to the decrease in spending by American consumers and the higher price for raw materials.

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Salvadoran Exports Closing on 2008 Levels

May 2010

Exports increased 12.8% in the first quarter of 2010 when compared to the same period of 2009, but are still 4.5% below 2008 levels.

Francisco Martín Bolaños, president of the Corporation of Salvadoran Exporters (Coexport), explained that with this increase, they are only recovering from the considerable drop suffered on 2009. In that year, the country sold $3.21 billion, down from $3.86 billion in 2008.

Import of capital goods decrease in Guatemala

November 2008

According to figures from the Bank of Guatemala (Banguat), there were $1.56 billion in import of capital goods.

This figure $31.2 million (-2%) lower than the $1.6 billion acquired for the same period in 2007.

During the same period last year, import of this type of articles had grown 11.5% compared the previous year, even though it was less than the 21.5% growth in 2006.

Guatemalan exports change destination

September 2008

The market with the the biggest growth is Central America, according to the lastest report presented by the Bank of Guatemala.

In 2000 the main market was the United States, at 53.3%, while in 2008 it fell to 41.2%. Sales in Central American countries went from 20.4% of the total to 29%, according to the report.

Exports increase in Guatemala

September 2008

Foreign currency earnings from exports to the international market grew 20.5% during the first eight months of 2008 in relation to the same period in 2007.

The Bank of Guatemala indicated that between last January and August, some $3.43 billion were earned from sales abroad.

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