Guatemalan Exports Recover

After decreases were reported in 2015 and 2016, last year the country raised $11 billion in sales abroad, 5% more than in 2016.

Thursday, February 15, 2018

n dir="ltr">In 2017, sales abroad improved significantly compared to the previous year, rising from $10.449 billion in 2016 to $11 billion in 2017, which represents an increase of 5.3%.

The president of the
Bank of Guatemala (Banguat), Sergio Recinos, explained to that " ... the recovery is associated with improvements in products such as clothing, cardamom, bananas, coffee, fats and oils, iron and oils, rubber, cereals, paper manufactures, petrol and aluminum, among other things."

Regarding the destination of exports, the Banguat chief added that " ... The United States continues to be the main destination for Guatemalan exports with a 35 percent share in trade.

The Banguat's records coincide with calculations made by the export sector, given that at the beginning of the year the union estimated that sales abroad in 2017 would amount to approximately $11.2 billion, which represents an increase of 7%.

See statistics from Banco de Guatemala (in Spanish).

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More on this topic

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.

Guatemalan Exports Continue to Decline

July 2018

In line with the trend seen since the beginning of the year, sales abroad between January and May totaled $4.698 billion, 3% less than in the same period last year.

Figures from Banco de Guatemala show that the country in May 2018 made exports totalling $934 million, which is equivalent to a 5% decrease compared to the same month in the previous year.

Guatemala: Exports May Have Grown 7% in 2017

January 2018

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.

From a statement issued by Agexport:

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

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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