Guatemala: Raw Material Imports Up 23%

Imports of raw materials for industry and agriculture have reported growth for a second year, according to the Bank of Guatemala (Banguat).

“Ramón Parellada, an analyst at the Center for Economic and Social Studies (CEES) believes that, at that time, the amount of imports was low because prices had fallen. 'Another reason is that they were using the products already in stock and buying less because of the economic crisis’” he said in an article in Siglo21.com.gt.

Despite the increase, the figures last seen in 2008 have still not been achieved, said Javier Zepeda, executive director of the Chamber of Industry.

Source: sigloxxi.com

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Guatemala: 24% Increase in Raw Materials Imports

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