Trade between Guatemala and China is reduced

Guatemalan purchases in China fell -24.9%, meanwhile sales decreased -54.9%, when comparing August 2007 to that of 2008.

Monday, October 27, 2008

The international financial crisis has already begun to affect the country's economy. Data from the Bank of Guatemala (Banguat) show that imports as well as exports have fallen in the first 8 months of this year.
Comparing figures from January to August of 2006 with 2007, the purchase of Chinese products by Guatemalan businesses grew 44.2%, going from $350.1 million to %4504.8 million. In 2008 the figure had been reduced to $379.3 million, that is, there as a drop of -24.9%. Similarly, in 207 Guatemalan sales to the Asian giant for the same time period, went up



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Guatemalan Exports to Europe Fall 10.5%

June 2012

Sales to Europe are down 10.5% from $249.2 million up to April of 2011 to $222.9 million up to the same month in 2012.

The biggest drop was recorded in exports to Spain with a decrease of 49.3%, followed by Italy with a decrease of 25.8%, and Germany with 8.4%.

As of April 2012, total exports according to figures from the Bank of Guatemala, totalled $3,592,000.

Guatemalan Companies Aren't Renewing Machinery

August 2009

In the face of the economic crisis, many entrepreneurs choose not to invest in new machinery, but rather to provide maintenance to existing ones.

For the first half of the year, imports of machinery and production equipment diminished 22.3% when compared to the same period of 2008.

Guatemala: Foreign Currency Entry Down 13% in 2 Months

March 2009

Export revenues grew by 2.8% and tourism by 4.3%, but remittances fell by 9.6%.

The statistics published by the Bank of Guatemala and noted in sigloxxi.com, referred to the period between January 1 and March 5.

The drop in remittances is highlighted: “In February of this year, $281.9 million entered the country from family remittances, an amount $36.4 million less than what was captured during the same month in 2008, a decrease of 11.4%. That amount plus the $290.2 million which entered in January totaled $572.1 million, a figure that is 9.6% ($60.8 million) lower than what was captured during both months in 2008 which totaled $632.9 million.”

Guatemala: Sales on the Isthmus grow by 24.9%

December 2008

During the first 10 months of 2008, Guatemalan traders increased sales to countries to countries in the region.

Despite the problems created by the global economic crisis, Guatemalan businessmen have not let business opportunities go by.

Exports to other countries in Central America grew by 24.9% during the first 10 months of the year, compared to the same period in 2007, when they reached only 19.3%.

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