In 2001, of the total foreign sales, 55.4% were to the U.S., 20.7%, to Central America, 6.5% to Europe and 17.4% to the rest of the world.
Ten years later in 2010, the U.S. receives 38.5%, Central America 26.3%, Europe 5.1%, and 28.1% goes to the rest of the world.
So announced the director of Competitiveness of the Guatemalan Association of Exporters (Agexport), Fanny D. Estrada.
"Agexport notes that at that time Central America formed the second most important market for Guatemalan businessmen in terms of attracting foreign currency, with a dynamic that helped improve its position from 20.7% to 28.3% last year.
European countries also became the third largest trading partner for Guatemala, with a share which stays at around 6.5%. Following them is the Mexican market that went from 4.4% to 5.3% during the same period", reported Siglo21.com.gt
Source: sigloxxi.com
More on this topic
November 2010
In the last twenty years the country increased its exports from 8 to 131 markets and from 149 to 4.075 products.
There has also been an increase in exporting companies from 237 to 3.979, according to the Guatemalan Association of Exporters.
“Fanny D. Estrada, Director of Competitiveness and Market Access of Agexport, said that penetration in other markets originated with the approval in 1989 of the Law on Incentives for Export Activity, which allowed the arrival of companies which already had foreign markets for their products,” reported Sigloxxi.com.
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.
August 2010
According to the country's agency responsible for encouraging foreign direct investment (FDI), the agro-industrial sector is the most promising and important.
Fanny Estrada, director of the Guatemalan Exporters’ Association (AGEXPORT), commented that in several cases, "while demand exists for a product there is insufficient supply capacity," and added that, "there is potential to increase output in these areas".
October 2011
Panifresh has received the award for ‘Best Exporter of the Year’ from the Guatemalan Exporters Association (Agexport).
Under the ‘Agricultural Exporter’ category the award went to the El Injerto’ Farm, exporter of one of the best coffees in the world.
Other companies who received awards include, Ixpanpajul National Park Service, Service Exporter and Business Community Forest (Forescom), and the Exporter of Business Chains (Exportador de Encadenamiento Empresarial).
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