Guatemala: Less Exports to Europe

In 2017 the value of sales to Germany and Belgium fell by 6% and 29% respectively, which is explained in part by the suspension of operations at El Escobal mine.

Friday, February 23, 2018

According to figures from Banco de Guatemala, between 2016 and 2017 exports from Guatemala to Germany fell from $148 million to $139 million, and to Belgium they dropped from $128 million to $90 million. The decrease in sales to Belgium is explained by the decrease in the export of lead, as it went down from $70 million in 2016 to $17 million in 2017.

Alfredo Gálvez, vice president of the Extractive Industries Association, explained to Elperiodico.com.gt " ... that the fall was due to the suspension of the El Escobal mine, which produces the lead concentrate that is sold, mainly to the European and Asian markets. "

In contrast to the drop in the export of lead, agricultural products such as coffee showed better performance. In this regard, the specialist on European markets at the Guatemalan Association of Exporters, Silvana Rios, said that the European market " ... represents an opportunity, and that the products that have potential are Hass avocados, handicrafts, frozen shrimps, fruits and vegetables. "

See figures from Germany and Belgium.

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More on this topic

Mining in Honduras: $168 million Exported in 2017

January 2018

Gold, silver, lead and zinc were some of the main materials exported during 2017, and the main buyers were the USA, Germany, Aruba, Austria and Belgium.

The authorities at the Honduran Institute of Geology and Mines (Inhgeomin) presented figures for 2017 and explained that the good performance achieved last year was mainly due to favourable international prices and to the reactivation in economies such as the United States, which led to an increase in demand for metals and minerals, especially for construction.

Honduras: Mining Exports Up 23%

June 2017

In the first quarter of the year, exports from the mining sector totaled $39 million, an increase of 23% compared to the same period in 2016.

From a report by the Central Bank of Honduras:

The products classified in the mining activity accounted for an exported value of US $39.0 million, US $7.4 million (23.3%) more than in relation to March 2016; brought about by an improvement in the price of minerals in the international market, which has encouraged the largest shipments. 

Honduras: Mining Exports Down 17%

October 2016

The decrease in the exports of gold, silver and lead accounted for most of the years drop of 17% in exports from the mining sector up to August 2016.

From a report entitled "Foreign Trade General Merchandise" by the Central Bank:

Mining activity was valued at $103.7 million, down US $21.4 million compared to the same period in 2015; mostly explained by lower sales of gold, silver and lead. 

Guatemala: Mining Exports Down 20%

August 2016

The decline in production and lower international prices explain the 20% drop in sales abroad in the first half of the year compared to the same period in 2015.

The results from the first half of the year come at a time when the suspension of several mining licenses has started to cause uncertainty among companies and concessionaires in the sector.

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