What is produced in Guatemala?

The agricultural sector is a crucial component of Guatemala’s economy representing around 25% of the GDP and employing 50% of the labour force. The main crops are coffee, sugarcane, bananas and cotton, but also palm tree, celery, cauliflower and asparagus for a shorter period.

What products are made in Guatemala?

Economy of Guatemala

Statistics
Ease-of-doing-business rank 96th (easy, 2020)
External
Exports $11.12 billion (2017 est.)
Export goods sugar, coffee, petroleum, apparel, bananas, fruits and vegetables, cardamom, manufacturing products, precious stones and metals, electricity

What is Guatemala known for producing?

The major exports are chemical products and coffee, followed by sugar, bananas, crude petroleum, and cardamom. The exports of vegetables, fresh fruits, cut flowers, and seafoods are of increasing importance.

What is the main export crop for Guatemala?

Bananas, sugar, coffee, and palm oil are some of Guatemala’s main agricultural exports, although export of non- traditional products has grown significantly during the period.

What does Guatemala export to the world?

In 2019, Guatemala exported a total of $11.8B, making it the number 85 exporter in the world. … The most recent exports are led by Bananas ($1.16B), Raw Sugar ($707M), Coffee ($692M), Nutmeg, mace and cardamons ($653M), and Palm Oil ($399M).

THIS IS FUN:  How does tax work in Belize?

What is the number one export in Guatemala?

Guatemala mainly exports coffee and clothes, each representing 12 percent of total exports. Other exports include: sugar, banana and precious metals. Guatemala’s mains export partner is the United States (40 percent of exports). Others include: Mexico, El Salvador, Honduras and the Euro Area.

What products does Guatemala export to the US?

The top export categories (2-digit HS) in 2019 were: mineral fuels ($2.4 billion), special other (medicinal and pharmaceutical) ($632 million), machinery ($443 million), cereals (corn) ($352 million), and electrical machinery ($345 million).

What natural resources are found in Guatemala?

Overview of Resources

Guatemala has abundant mineral reserves that include uranium, sand and gravel, nickel, limestone, petroleum, coal, gold, silver, copper, iron ore and cobalt. These minerals play a significant role in providing investment potential for fostering development and exploration in the country.

What is Guatemala biggest import?

Guatemala’s main imports are oil, capital goods and consumer goods. Guatemala’s main import partner is the United States (38 percent of total imports). Others include: Mexico, China, and Central America.

What do we import from Guatemala?

U.S. imports from Guatemala were USD 4.2 billion in 2018, a slight increase from 2017. U.S. imports include edible fruits and nuts; knit aparel; coffee, tea and spices; woven apparel; edible vegetables, roots and tubers.

What are the agricultural products of Guatemala?

The agricultural sector is a crucial component of Guatemala’s economy representing around 25% of the GDP and employing 50% of the labour force. The main crops are coffee, sugarcane, bananas and cotton, but also palm tree, celery, cauliflower and asparagus for a shorter period.

THIS IS FUN:  What type of climate does Panama have?

Why Guatemala is so poor?

Many depend on farming inherited land as their sole source of income, contributing to cyclical poverty in Guatemala. As 65 percent of the land is controlled by 2.5 percent of farms, land is passed down through families and most consider farming one of their only options.