Guatemala: More Business with Europe

During the first eight months of the year, the Central American country generated $600 million in sales to Eurozone countries, 4% more than reported in the same period of 2017.

Wednesday, October 24, 2018

According to figures from the Bank of Guatemala, the Netherlands is the destination of Guatemalan exports that showed the greatest dynamism between January and August, with sales of $235 million, an increase of 14% over what was reported in 2017.

The European Union ambassador in Guatemala, Stefano Gatto, said to Dca.gob.gt "... That the Association Agreement with Europe, in force since 2013, has facilitated the unrestricted entry of products into this territory, comprised of 28 nations; it has also encouraged investment and the generation of employment."

The article states that "... Among the main products demanded by this market are edible fats and oils, with US $100 million 646 thousand, followed by flowers and foliage (US $16 million 372), cornflowers, roots and ornamental plants (US $14 million 748 thousand) and coffee (US $12 million 506 thousand)."

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More on this topic

Potential of the European Market

November 2017

In the last ten years, exports from Costa Rica to countries in the European Union grew from $840 million in 2007, to $1.678 billion in the third quarter of this year.

Medical devices, bananas, pineapples, and coffee are some of the products responsible for most of the growth in exports to European countries in recent years.  For example, as of September of this year, Procomer figures indicate that "... the European Continent represented 22% of sales this third quarter, with a total of US $1.753 billion (+ US $146 million). Among the main drivers, were: banana, with exports to Belgium, the United Kingdom and Ukraine; medical devices, which boosted exports to Belgium and the Netherlands; as well as greater exports of pineapples to Portugal and coffee to the Netherlands."  See "Costa Rica: Foreign trade figures as of September 2017"

Guatemalan Exports to Europe Up 17%

November 2014

Holland was the country that bought the most goods sold by Guatemala to the European Union between January and September, which totaled $684.76 million, 17% more than in the same period in 2013.

The goods most exported to the European Union (EU) are textiles, nickel, vegetables and coffee, with the main destinations being the Netherlands which recorded purchases of $219 million, followed by Belgium with $86 million, Germany with $79.5 million and Spain with $78.6 in the first nine months of the year.

Honduras: Exports to Europe Growing

September 2011

The old continent is the main destination for foreign sales made by the country.

Coffee, farmed shrimp, bananas and sugar are the leading products in Honduran exports to the European Union, accounting for 35% of the total in the first half of the year.

The increase in reported sales to Europe has been significant, going from $546 million in 2008 to $818 million in the first six months of the year alone.

Guatemala Strengthens Trade Ties with Europe

July 2011

The old continent has become an important destination for Guatemalan exports.

The fairs organized by European countries and trade missions by Guatemalan businessmen, together with the government, are two of the reasons for the increase in exports to countries like Germany, Italy and Belgium, among others.

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