Guatemala: Non-Traditional Exports Growing

Processed foods, fuels, pharmaceuticals and chemicals are some of the nontraditional exports which grew by 7% in the first nine months of the year compared with the same period in 2013.

Friday, November 7, 2014

From a statement issued by the Guatemalan Exporters Association (Agexport):

In September 2014, Guatemala's total exports reported an increase of 7% compared to the same date in 2013. Data from the Bank of Guatemala indicate that this increase in foreign sales has occurred in non-traditional products, such as electricity, processed foods, pharmaceuticals, chemicals, rubber and many more.

This growth of 7% of overall exports is positive because of the fact that there are new sectors and products that are experiencing demand in international markets, one of the most important is the export of electricity, which up until September of this year saw exports of about $80 million in Central America, according to the Director General of -AGEXPORT-, Mr. Luis Godoy.



More on this topic

Guatemala: Less Exports to Europe

February 2018

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.

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.

Guatemala: Trade Mission to South Korea

March 2016

Invitations have been extended to food and beverage companies, handicrafts, textiles, pharmaceuticals and services to participate in the first "Korea Trade" fair, from 21st to 26th of June 2016 in Seoul.

From a statement issued by Agexport:

Agexoport, the Inter-American Development Bank and the Guatemalan Korean Chamber of Commerce and member of the Export Council of Asia, are calling for Guatemalan companies to participate in the first trade mission "Korea Trade" from 21st to 26th of June 2016 in Seoul, South Korea.

Guatemala to Participate in FOODEX 2014

July 2013

Guatemalan businessmen are being encouraged to participate in the 39th edition of FOODEX 2014, in Japan.

From a press release issued by the Guatemalan Association of Exporters (AGEXPORT):

The Ministry of Economy (MINECO), the School of Foreign Trade and the Department of Trade Promotion and Information AGEXPORT, with the support of the Japanese Embassy in Guatemala, the trade promotion office in Japan JETRO and the Japanese International Cooperation Agency JICA are to hold a Conference entitled: Opportunities and marketing strategies for exporting to Japan, with the aim of promoting trade between Japan and Guatemala.

Guatemalan Exports Grow by 22%

July 2011

The exporters' association estimates that this year foreign sales will exceed $10 billion.

The rise in international demand and improved prices has led the Guatemalan association of exporters (Agexport) to revise upward its forecast for exports this year.

In early 2011, industry representatives predicted an increase of just 8%, well below the current estimated range of 18% to 22%.

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