Exports Still Stagnating, but Could Rebound

Although Guatemala's foreign sales continue to decline, an improvement is expected towards the end of the year, which would be explained by a rebound in the prices of some agricultural products.

Monday, August 19, 2019

Figures from the Bank of Guatemala (Banguat) specify that in the first six months of the year sales abroad totaled $5,666 million, a figure that is just 0.3% lower than the $5,681 million reported in the same period of 2018.

The outlook in the coming months could improve, as there are signs of recovery of prices of some agricultural products. Sergio Recinos, president of Banguat, told Prensalibre.com that "... last week there had been a slight recovery in the price of international prices, especially coffee and sugar, and that this behavior would be closing the gap to positive for the second half of the year, but with a stable trend."

In the case of clothing, good numbers are reported, since exports up to June reached $725 million, 3% of what was reported in the first semester of 2018.

Alejandro Ceballos, president of the Wardrobe and Textile Commission (Vestex), said that "... the representative sector expects the best time of the year and the trend is positive. the industry is more active working orders to cover the second half of the year, which is the best season, for Black Thursday (liquidation season in the U.S.), which is in November and Christmas."

See Banguat's full report.

Do you need to keep track of the key economic indicators in Central America?

Request more information about our Regional Economic Monitor.








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.


More on this topic

The Textile Industry and its Potential

January 2019

After a 7% increase in exports during 2018, Guatemala's apparel and textile sector expects to reach $2 billion in sales this year.

Factors such as the crisis in Nicaragua and an increase in customer demand in the United States partly explain the growth reported last year by textile companies in Guatemala.

Guatemala: Record Figures for the Textile Sector

November 2018

Businessmen consider that 2018 will be a year with record sales for the country, as they projected exports of $1.724 million, a figure that would exceed 12% of what was reported in 2017.

Representatives of the Apparel and Textile Industry Association (Vestex) reported that they have recently reviewed the figures, and they estimate that this year the sector will have double-digit growth compared to 2017.

Guatemala: Exports Continue to Decline

September 2018

In line with the decline reported since the beginning of the year, up to July, sales abroad totaled $6.455 billion, 3% less than what was recorded in the first seven months of 2017.

According to Óscar Monterroso Sazo, general manager of the Bank of Guatemala (Banguat), " ...

U.S. Textile Purchases Rebound

July 2012

After a tough first semester 2012, which saw a significantly decline in orders from the main market of the Guatemalan textile industry, the recovery began in June.

According to an article in Prensalibre.com the manager of the Garment and Textile Committee (Vestex) of Agexport, Alejandro Ceballos, said that during the first five months of the year economic uncertainty in the U.S., high international prices of cotton, and problems caused by the implementation of the new Customs Act, meant that purchase orders steadily declined.

 close (x)

Receive more news about Exports & imports

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 24)
Brent Crude Oil
59.850
Coffee "C"
112.8
Gold
1,571
Silver
18.060