What 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 is the main export of Guatemala?
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 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.
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 products does Guatemala import?
Economy of Guatemala
|Imports||$17.11 billion (2017 est.)|
|Import goods||fuels, machinery and transport equipment, construction materials, grain, fertilizers, electricity, mineral products, chemical products, plastic materials and products|
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 does the US buy from Guatemala?
U.S. imports from Guatemala totaled $3.76 billion in 2020, a slight decrease from 2019. U.S. imports include edible fruits and nuts; knit apparel; coffee, tea, and spices; woven apparel; edible vegetables, roots, and tubers. U.S. imports from Guatemala totaled $3.76 billion in 2020, a slight decrease from 2019.
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 are the major crops and exports in Guatemala?
Agriculture provides the backbone of Guatemala’s economy, contributing 25 per cent of GDP, employing over half the labour force and providing two thirds of exports, mostly coffee, sugar, bananas and beef. Guatemala’s three main staple foods are maize, beans and rice.
What are the most important crops exported from 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.
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 type of economic system does Guatemala have?
Guatemala has a mixed economic system which includes a variety of emerging private freedom, combined with centralized economic planning and government regulation.
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.