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Guatemalan exports and imports grew in 2014

By Jáuregui & Asociados - 28/01/2015
Guatemalan exports and imports grew in 2014

Guatemalan exports grew 7.7% in the first 11 months of last year compared to the same period in 2013, reported the Banco de Guatemala (Banguat).

In 2014 foreign sales between January and November totaled U$S 9,912 million, U$S 711.5 million more (7.7%) than the the same period of 2013 (U$S 9,200 million).

United States was once again the main destination for Guatemalan products with U$S 3.533 million, 35.7% of the total. It was followed by Central American market (28.6%), the Eurozone (7%), Mexico (4%), and South Korea (2.7%). Together, all these countries were recipients of 78% of Guatemalan exports.

According to the report the most exported products were clothing (U$S 1,177 million, 11.9%), sugar (8.5%), coffee (6.5%), bananas (6.1% ) and precious and semiprecious stones and metals (3.5%).

Meanwhile, imports between January and November 2014 reached U$S 16.764 million, 3.6% more than in 2013, when they stood at U$S 16,182,000. The United States was also the main supplier with $ 6.735 million, 40.2% of the total.

By Jáuregui & Asociados - 28/01/2015
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