Foreign exchange from Guatemalan exports grows 14.8% in 2021

Published 2021년 6월 15일

Tridge summary

In the first four months of 2021, Guatemala experienced a 14.8% increase in earnings from its exports, totaling $4.446 million, up from $3.872 million in the same period of the previous year. The country's main exports include clothing, cardamom, coffee, bananas, and sugar, with the United States being its primary market. Despite the COVID-19 pandemic, Guatemala's total exports in 2020 reached $11,513 million, surpassing $11,169 million in 2019. On the other hand, imports increased by 30.5% between January and April 2021, amounting to $7,692 million, primarily from the United States, China, and Central America.

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Original content

EFE.- The currencies generated by the exports of Guatemala to the international market grew by 14.8% in the first four months of 2021 in relation to the same period of 2020, according to a report released this Tuesday by the central bank. The Bank of Guatemala (Banguat) detailed that the sales of Guatemalan products abroad left the country 4.446 million dollars between January and April of this year. That amount was higher by 574 million dollars, that is, 14.8% more, than the 3,872 million dollars that were received in the first four months of 2020. According to the central bank, among the products that generated the most foreign exchange between January and April last year are clothing items with 469.6 million dollars, which represent 10.6% of total exports. Then cardamom was placed with 424.6 million dollars, with 9.6% of the value of exports; coffee followed with 298.8 million (6.7%); bananas with sales of 272.3 million (6.1%) and sugar with 266 million (6%). Guatemala's main ...

Source: Forbescentroamerica