During the last five reported years the exports of Guatemala have changed by -$61.3M from $11.8B in 2014 to $11.8B in 2019. The most recent exports are led by Bananas ($1.16B), Raw Sugar ($707M), Coffee ($692M), Nutmeg, mace and cardamons ($653M), and Palm Oil ($399M).
What is Guatemala’s major export?
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 are the top 3 Imports of Guatemala?
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 major product does Guatemala export to the United States?
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 is Guatemala known for producing?
Guatemala – Agriculture
The principal cash crops are coffee, sugar, bananas, and cotton, followed by hemp, essential oils, and cacao. Coffee is grown on highland plantations; most of the bananas are produced along the Atlantic coastal plain.
Does Guatemala export any goods?
Exports The top exports of Guatemala are Bananas ($1.16B), Raw Sugar ($707M), Coffee ($692M), Nutmeg, mace and cardamons ($653M), and Palm Oil ($399M), exporting mostly to United States ($3.92B), El Salvador ($1.38B), Honduras ($987M), Mexico ($571M), and Nicaragua ($552M).
What goods are exported and imported in Guatemala?
Economy of Guatemala
|Export goods||sugar, coffee, petroleum, apparel, bananas, fruits and vegetables, cardamom, manufacturing products, precious stones and metals, electricity|
|Main export partners||United States 33.8% El Salvador 11.1% Honduras 8.8% Nicaragua 5.1% Mexico 4.7% (2017)|
|Imports||$17.11 billion (2017 est.)|
What are El Salvador’s main exports?
El Salvador exports mainly manufactured products (97 percent of total sales), such as textiles, chemicals ,rubber and plastics and metallic products. The country is also a traditional exporter of sugar and coffee. The main export partner is the United States with 45 percent of total sales.
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.
What products are manufactured in Guatemala?
Guatemalan factories produce beverages, candles, cement, pharmaceuticals, chemicals, cigarettes, foodstuffs, furniture, matches, molasses, rubber goods, shirts, shoes, soap, sugar, textiles, and apparel.
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 crops are grown 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.