Guatemalan Foreign Trade Falls in March

According to data from Banguat, exports fell by 1.2% and imports by 24.7% when compared to same period in 2008.

Tuesday, May 12, 2009

In March 2009, total exports were $1.855 billion, and the total amount was $ 2.63 billion.

Leonel Díaz wrote in "According to Banguat, the main export products (bananas, coffee, sugar and cardamom) increased by 28.2%, but they were outweighed by a decline of US $36.9 million (-6.8%) in exports to Central America and the rest of the world."

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Guatemalan exports change destination

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The market with the the biggest growth is Central America, according to the lastest report presented by the Bank of Guatemala.

In 2000 the main market was the United States, at 53.3%, while in 2008 it fell to 41.2%. Sales in Central American countries went from 20.4% of the total to 29%, according to the report.

Lower growth in exports in Guatemala

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Exports were at $3.97 billion on June 30, an increase of 12.9% compared to the first semester of 2007.

According to figures from the Bank of Guatemala (Banquat), the country has managed to diversify its markets at the international level: exports to the EU represent only 41.2% of foreign sales to date, or $1.65 billion during the first semester of this year, an increase of only 7.5% compared to the same period in 2006.

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