Guatemala: Exports May Have Grown 7% in 2017

According to projections by the export sector, last year about $11.2 billion will have been sold abroad, an amount that could exceed by 7% what was exported in 2016.

Wednesday, January 3, 2018

From a statement issued by Agexport:

Guatemala to register an increase in its exports of US $743 million

The Guatemalan export sector will close 2017 with good news, as following two years of decline exports of Guatemalan products and services will generate foreign currency worth an estimated US $11,208.3 million this year. The growth rate is 7.1% higher than the 2016 figure (projection based on data from October), this is a record number in the history of Guatemalan exports. 

Guatemala, December 29, 2017. After two years of decline in Guatemalan exports, 2017 was a very positive year for Guatemala.  AGEXPORT's own projections show that the country will be closing 2017 with a total of US $11,208.3 million, which is 7.1% higher than the 2016 figure. Among the factors that exporters have identified as influencing this result is the fact that the global economy has started to recover, prices of traditional products increased by an average of 17.3% in just one year (projection based on data from October).

Read full release (in Spanish).

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More on this topic

Guatemalan Imports Up 4%

June 2019

During the first four months of the year, the country's imports totaled $6,394 million, an amount 4.2% higher than that reported in the same period in 2018, a behavior that was influenced by purchases of fuels and lubricants.

From the Bank of Guatemala report:

The total amount of imports made was of US$6,393.8 million, higher by US$257.5 million (4.2%) to the registered up to April 2018 (US$6,136.3 million).

Guatemalan Exports to Recover?

November 2018

Although in the first nine months of the year foreign sales fell almost 3% compared to the same period in 2017, the Banco de Guatemala forecasts that the trend will be reversed by the end of 2018.

The fall in the international prices of sugar, coffee and natural rubber, largely explain the decline in income from sales abroad.

El Salvador: Foreign Trade in September 2015

October 2015

In September 2015 exports of goods and services recorded an increase of 5% compared to the same period in 2014, led by non-traditional exports.

From a report by the Reserve Bank of El Salvador:

The export sector has seen an increase in the monthly trends of sales abroad, with the end of September 2015 registering a growth of 5% per year with a total revenue of US $4224.5 million, according to a Central Bank report.

Guatemalan Exports Up 27%

July 2011

The country sold $4,578 million worth of goods abroad in the first 5 months of the year, 26.8% more than in the same period in 2010.

According to officials from the Bank of Guatemala, the increase is mainly explained by the increase in the price of commodities, especially sugar, bananas, coffee and cardamom oil.

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