Manufacturing Industry Optimistically Closes 2018

In Guatemala, companies in this sector registered in 2018 foreign sales of $2.5 billion, 5% more than in 2017, and next year expect a 3% growth.

Tuesday, December 18, 2018

The Diverse Manufacturing Sector represents 17% of Guatemala's total exports. Products such as paper and cardboard manufactures, pharmaceutical products, insecticides, fungicides and disinfectants and diverse products of the chemical industry have added a $2.5 billion foreign exchange income for foreign sales, informed the Guatemalan Association of Exporters (Agexport).

According to Evelyn Gutiérrez, coordinator of the Diverse Manufactures Commission, "... products from the Diverse Manufactures sector reach important markets such as: Central America (55%), United States (16%), Panama (7%), Mexico (6%), Dominican Republic (3%) and Belize (2%). Also, some target markets are South America: Ecuador, Colombia, Peru and Brazil."

The article details that "... The Diverse Manufactures Commission of AGEXPORT projects a 3% growth in the exports of the sector for 2019, through the development of strategic lines: rules and regulations, development of new products and market intelligence, business opportunities for the sale of raw materials and inputs, opportunities for new markets for finished products and representativeness and expediting of export processes."

Gutiérrez added that "... By 2019, we have defined the strategic topics of the business segments grouped by the commission, being the following: pharmaceutical products, footwear, rubber and foam, chemicals, agrochemicals, printed material, packaging, metalworking, construction products, care products such as toilet paper, napkins, diapers, among other manufactured products, with the aim of strengthening them to boost their exports."

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Guatemala: Manufacturing Exports up 14%

May 2015

In the first quarter exports of manufacturing goods abroad totaled $1.076 billion, 14% more than in the same period in 2014.

Exports of food and beverages grew by 12.7%, while the category of "miscellaneous products" increased its foreign sales by 18%, according to figures from the Guatemalan Association of Exporters (AGEXPORT).

Guatemala: Dynamism of the Miscellaneous Articles Sector

December 2013

Exports of screws, sheeting, shoes, chemicals, leather and oil, among others, amounted to $1.328 billion during 2013.

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

Miscellaneous Articles, one of 5 major sub sectors of the Guatemalan Manufacturing sector, placed in the international market this 2013, products such as screws, sheeting, shoes, stoves, chemicals, pharmaceuticals, leather, paints and thirty-seven other products which in total closed 2013 with sales abroad worth $1.328 billion.

INNOVACCION Convention in Guatemala

September 2013

Opening up markets in the Caribbean is one of the strategic initiatives to support the 6% annual growth in the manufacturing sector.

A statement from AGEXPORT reads:

Because of the economic impact that the Manufacturing Sector has on the development of Guatemala, the industry has developed a strategy with systematic actions to contribute to the realization of unique value propositions in all sub sectors which will result in competitive advantages and thereby maintain global markets. This strategy, together with the international expert in innovation, Mario Morales, aims to give Guatemalan SMEs more tools.

Guatemala Exports $1.6 billion in Miscellaneous Goods

February 2013

With a 2.63% increase compared to 2011, Miscellaneous Goods continues to position itself as the most dynamic sector in manufacturing exports.

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

Miscellaneous Goods, one of the founder sectors of Guatemalan exports, has managed to boost export of products which range from screws, plates, shoes, stoves, chemicals, pharmaceuticals, leather, paints and forty more products which all together closed 2012 with sales abroad of $1.6 billion.

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