Fruits: Guatemalan Exports Fall 12%

During the first three months of the year, the country exported $109 million worth of fruit, 12% less than in the same period in 2018, in part because of the closure of one of the most important companies.

Monday, May 20, 2019

Figures from the Banco de Guatemala detail that between the first quarter of 2018 and the same period of 2019, foreign sales of fresh, dried and frozen fruits decreased from $123 million to $109 million.

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Carlos Salazar, manager of the agricultural sector of the Guatemalan Association of Exporters (Agexport), explained to that "... part of the decrease in foreign exchange was the reduction in sales to the United States (U.S.). One of the most important companies stopped operating, lost volume. Expenses were estimated at US$4.3 million in melon and US$9.9 million in watermelon."

Salazar specified that for security reasons it is not possible to reveal the name of the company which stopped operating, and added that "... The U.S. is one of the main clients and it is hoped that this decision will not affect relations with the country. However, the main consequences are the reduction of employment and the multiplier effect in the value chains."

For the businessmen the climatic variation, the decrease in the international prices and the lack of infrastructure of the country, are other factors that influence the decrease of the exports.

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