More Guatemalan Furniture Goes to U.S.

The export of furniture and wood products from Guatemala shows a growth of 25% from January to March 2012.

Monday, May 7, 2012

An improved U.S. economy is proving positive for the timber sector in Guatemala. The growth of exports from January to March 2012, is equivalent to $21 million.

"Ivar Pérez, Executive at the Furniture Manufacturers Committee (Cofama) of the Guatemalan Exporters' Guild and president of Muebles Sinai, agreed that the reactivation of the U.S. construction industry is favorable for Guatemala. As stated, the growing demand has caused inventories to become depleted and orders have increased," reported Prensalibre.com.

Another businessman, Eugene Bosch, director of the company Lignum (which produces furniture, doors, posts for fences and decks for gardens), said that besides the United States, El Salvador is also an important destination for Guatemalan companies and that the local demand has improved.



More on this topic

Changes in U.S. Export Requirements

February 2012

From March new requirements imposed by the Food and Drug Administration will be implemented progressively on food imported by the United States.

The U.S. Food and Drug Administration (FDA) will begin to implement requirements for a new Food Safety Law relating to products exported to the country from March.

Slow Recovery in Sales to the U.S.

January 2010

In November, Guatemalan exports to the U.S. fell less than previous months.

According to data provided by the Central Bank of Guatemala, sales to the United States dropped 2.5% in November 2009, when compared to the same month of the previous year.

"In August 2009, the variation was -8.6%, in September -6.7%, and in October -5.4%", reported Sigloxxi.com, signaling the positive evolution of these figures.

Salvadoran exports increase despite crisis

September 2008

Exporter and the government expect that demand will not dry up due to the global situation.

The president of the Salvadoran Corporation of Exporters (Coexport), Vilma Calderon, explained that this behavior is rare. "Exports have not fallen at all, instead they have increased by 20% as of August, they are three times the growth rate for 2007 when we grew 7.5%.

Guatemala's exports to the United States increase

June 2008

In the first three months of this year, Guatemala exported 849.77 million dollars worth of goods to the United States, an 11.71 per cent increase over the same period of 2007, despite the prospect of a slowdown in the U.S. economy.

However, as the experts predicted, not all products shared in the growth. Some, like agricultural products, did well and others, like manufacturing, did poorly.

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