Guatemala: Exports to Major Markets Fall

Exports to the US, Central America and Europe fell by 1.3%, 7.2% and 51.8% respectively.

Tuesday, March 17, 2009

Statistics from the Bank of Guatemala reflect the numbers for January 2009 when compared to January 2008.

Some of the sectors most affected were coffee and petroleum, with drops of 18.8% and 65%, and the textile industry, whose exports to the U.S. decreased by 29.2%.

An article published in elperiodico.com.gt, indicated that overall exports rose 1.2% over the same period, “thanks to greater proceeds from sugar, bananas and cardamom.”



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The cause is a contraction in consumption in major markets for Guatemalan exports, mainly sugar, coffee and rubber.

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European Crisis Affects Melon Exports

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The financial crisis affecting Europe has resulted in low prices for melons and watermelons.

So says Alexis Bravo, president of the Nontraditional Agribusiness Group in Panama (Grantap), at the end of the XX International Congress of Producers and Exporters of Melons and Watermelons, held in Panama.

Guatemalan Exports to Europe Fall by 8%

August 2012

Due to the European crisis, during the first five months of the year Guatemalan exports to the old continent have dropped by about $28 million, which is 8.1%.

During the first five months of 2012 total sales to European countries summed $316.9 million, 8.1% lower than the $344.9 million for the same period in 2011, according to statistics from the Bank of Guatemala (Banguat).

U.S. to Ensure Central American Access to Credit

March 2009

The Subsecretary of State from U.S.A. announced that his country would collaborate with the region to minimize the effect of the crisis.

Thomas A. Shannon, Subecretary of State for Western Hemisphere Affairs, said in Honduras yesterday that "in the face of the financial crisis, the United States will focus on ensuring that these nations have access to the credit needed to overcome the crisis and protect their social programs."

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