Advanced Search

LatinNews Daily - 25 February 2019

Click here for printer friendly version
Click here for full report

In brief: Guatemala

* Guatemala’s central bank (Banguat) has released new figures which show the country closed last year with a trade deficit of US$8.72bn. According to Banguat, exports totalled US$11.018bn, up 0.3% on 2017, while total imports grew 7.3% in 2018 to reach US$19.73bn. Banguat linked the increase in imports to the expansion of imports in the raw materials and intermediary products sector which grew 10.1% last year and the fuels and lubricant sector which grew 15.9%. Bananas and the clothing industry were the greatest contributors to the slight growth of exports: banana exports totalled US$815.5m, up 7.4% on the previous year, while exports from the clothing industry grew by 13.2%, reaching US$1.450bn. The main destination of Guatemalan exports was the US, which accounted for US$3.90bn or 35.4% or of the country’s exports. Similarly, Guatemalan imports came mostly from the US (37.8%) and totalled US$7.465bn.