Digital Industry Income Increases

During 2018, foreign sales by companies in the digital development sector in Guatemala totaled $37 million, 4% more than in 2017.

Wednesday, January 2, 2019

Panama, United States, El Salvador, Mexico, Dominican Republic, Japan, Canada, Germany are some of the markets where the Digital Development Sector (SOFEX) of AGEXPORT innovated in its exports of specialized services, informed the exporting guild.

According to AGEXPORT, among the exported services are applications derived from agriculture, a new financial industry which applies technology to improve financial activities and Industry 4.0 which includes big data, the use of algorithms to process them and the massive interconnection of systems and digital devices.

Regarding the country's potential, the president of SOFEX of AGEXPORT, Devadit Barahona, said that "One of the greatest advantages Guatemala has in developing a digital development services industry is the promotion of young talent, which attracts attention to offer globalized and innovative services for productive sectors such as agriculture, e-commerce, education system, big data, digital marketing, among others to the markets of the United States, Panama, Mexico, Dominican Republic, Japan, Honduras, Costa Rica, Canada, Germany and other Latin American countries."

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Software Export: Booming Business

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Fiscal incentives and the growing demand for technological products at a global level are factors that have favored the growth of exports of Guatemalan software development companies.

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In 2017, sales abroad made by companies dedicated to the development and promotion of software content totaled $400 million.

According to the Digital Development Sector (Sofex) at the Guatemalan Association of Exporters (Agexport), the digital union has 42 associated companies in the country and serves 8 thousand local clients and more than 4 thousand international clients in Latin America, Canada, Europe, Asia and the United States.

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From a statement issued by the Guatemalan Export Association (AGEXPORT):

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Using first world technology and management the Panamanian company Veggie Fresh Invest will be sending two containers a week of hydroponically produced peppers to the U.S..

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