Exports from this sector (microprocessors, textiles and medical devices) represent 61% of the country's total exports.
Journalist Hassel Fallas wrote in Nacion.com: "The reduction in manufactured goods exports is greater than the decline in agriculture (8%) and food (14%). Agricultural exports in the first quarter amounted to $539 million against $588 million for the same period last year."
Source: Nacion.com
More on this topic
October 2010
The company announced for early next year the closing of its manufacturing plant in the country.
Francisco López Trigo, general manager of the company, told El Financiero that the process, which begun in 2004, has evolved gradually. In the month of December, 100 jobs will be cut from the current 400.Between February and March 2011 the final closing will take place.
June 2010
86.4% of Guatemalan exports to Central America are industrially manufactured goods.
Plastic goods are the largest sub group (6.5%), followed by textile (5.7%) and products made of cereal (5.5%).
Marco Tulio Recinos, coordinator of the Manufactured Goods Committee at the Guatemalan Exporters Association, explained that Central America is a natural market, as its inhabitants share the same habits.
July 2008
Foreign sales of manufactured products during the first four months of this year grew by 22 percent compared with the same period last year.
Max Staebler, president of the Manufacturing Commission, said that in the first four months of 2008 the main products exported were plastics, shoes, refrigerators, and handicrafts.
December 2008
Imports for the first nine months of 2008 reached $1.2 billion, 30% more than for the same period last year.
Laestrella.com reports that "the manufacturing industry had a 4% growth, driven mainly by the development of agro-industrial products.
The report prepared by the Panama Industrial Union (SIP) points out that "this is the first time that the sector has surpassed the billion dollar mark for the import of raw materials, which is evidence of the sector's dynamism.