Up to October, foreign sales totaled $8.978 million, almost 3% less than in the first ten months of 2017, and the main reason for the decline is the fall in international prices of some agricultural products.
The Banco de Guatemala reported that the most important products according to their participation in the total value of exports were: Clothing with US$1,209.4 million (13.5%), Banana with US$678.1 million (7.6%), Coffee with US$647.1 million (7.2%), Sugar with US$545.4 million (6.1%) and Fats and edible oils with $457.9 million (5.1%).These products represented 39.5% of total exports.
In El Salvador, the integrated border posts El Poy, in Chalatenango, the first to have the necessary infrastructure to operate within the framework of the customs integration of the Northern Triangle, became operational.
After the adaptation of the border post, the infrastructure and computer systems of El Poy are practically ready to operate, however, the products that will have free circulation between the three countries and which goods will continue to be protected have yet to be defined.
The Guatemalan export sector identifies Florida, Texas, Virginia, Maryland, Georgia, New Jersey and New York as the U.S. states with the greatest potential for the country's exportable supply.
The Guatemalan Association of Exporters (Agexport) presented the "Best Markets, Products and Services 2019", which is based on the analysis of different macroeconomic variables, sustained growth and market dimensions, to show the exporter the opportunities with the greatest potential.
Authorities in both countries announced the launch of negotiations for a partial-scope trade agreement, excluding products or sectors likely to be affected.
From the statement of the Ministry of Foreign Affairs of the Dominican Republic:
Santo Domingo, December 3rd, 2018. The Minister of Foreign Affairs of the Dominican Republic, Miguel Vargas, and the Minister of Economic Development of Curacao, Iván Steven Martina, signed this Monday the negotiation framework of a Partial Scope Agreement, which establishes the basis for creating a mechanism that stimulates trade flows and cooperation between the two countries.
Because of a possible decline in the dynamism of the advanced economies, the volume of Central American exports is expected to increase by 0.4% in 2018 and by 2.6% in 2019.
According to a report by the Secretariat of Central American Economic Integration (Sieca), a possible decline in trade dynamism in advanced economies is expected by the end of 2018, which could generate consequences in international markets, with downward scenarios in 2019, between two and three percentage points with respect to 2018. This is mainly related to growing trade tensions and more complicated market access conditions than in previous years, involving important trading partners.
Based on sales of medical and precision equipment, between January and October of this year the country reported $8.908 million in exports, 7% more than in the same period in 2017.
According to the Foreign Trade Promoter of Costa Rica (Procomer), in the first ten months of the year, medical equipment and precision exports represented 29% of total sales and registered an 18% increase compared to what was reported in the same period in 2017.
Between January and September of this year, sales abroad totaled $3,499 million, registering a decrease of almost 3% compared to the cumulative figure for the same period in 2017.
The Central Bank of Honduras reported that by the third quarter of 2018, FOB exports of general merchandise totaled US$3,499.2 million, lower by 2.8% (US$101.6 million) compared to September 2017, mostly because of a decrease in sales of coffee, palm oil, used gold accessories and shrimp; a result that was partially balanced by the increase in external shipments of paper and cardboard, zinc and plastic and their manufactures.
A new information platform aims to identify the main disadvantages faced by companies that transport goods through the region in customs and paperwork management.
The Central American Economic Integration Secretariat (Sieca) presented the Trade Incidences Platform, which will compile information on the disadvantages that companies have in the areas of customs, transport, sanitary procedures, phytosanitary, import or export.
Varela administration signed 19 agreements with the Asiatic giant, including the meat, sea and fruit exports from Panama, and technological cooperation mechanisms.
In addition to the Free Trade Agreement between the two nations, the fourth round of negotiations took place weeks ago, and within the framework of the visit of Chinese President Xin Jinping to Panama, bilateral agreements on tourism, trade and agriculture were signed.
Because of the decline in sales in the agricultural sector, up to September of this year exports totaled $2.000 million, 2.3% less than what was reported in the same period of 2017.
The Central Bank of Nicaragua (BCN) reported that in the case of exports, reductions were registered in the agricultural (-7.8%) and manufacturing (-3.0%) sectors; in contrast, growth was noted in: mining (14.4%) and fishery products (4.1%), continuing with the positive trend observed in recent months.
A contract was signed for Eurofinsa to design and build the border area for freight transport in El Amatillo, El Salvador.
From the statement of Fomilenio II:
November 30, 2018. On this day, FOMILENIO II signed the contract that will lead the start order to the design and construction of the border area for freight transport of El Amatillo (Pasaquina, La Union), with the purpose of facilitating land trade from El Salvador to other Central American countries, through coordinated border management, promoting the increase in the flow of exports and imports.
Petroleum products, iron and steel, food and pharmaceutical products, headed last year's purchases from companies in the South American nation from Central American countries.
Figures from the Central American-Ecuador Trade Information System complied by the Business Intelligence Unit at CentralAmericaData: [GRAPHIC caption = "Click to interact with the graph"]
Because of the sales behavior of the manufacturing industry, from January to October, the country's sales abroad totaled $5.008 million, 3% more than what was reported in the same period of 2017.
The manufacturing industry, including maquila goods, reached US$4,845.7 million exported up to October 2018, which shows a growth of 3.4% of the sector, reported the Central Reserve Bank.
Last year, vehicles, tractors, food and pharmaceutical products led the purchases made from companies in the South American nation from Central American countries.
Figures from the information system of the Trade between Central America and Brazil, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In Guatemala, food and beverage businessmen estimate that product smuggling during the end of 2018 will increase more than reported in previous years.
Complaints by Guatemalan businessmen regarding the illicit marketing of different types of products have been a constant in recent years. Long-standing calculations detail that of every ten products sold in the country, three are of illegal origin.
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