These are the export markets in which Guatemala is entering

Published 2021년 9월 1일

Tridge summary

The Ministry of Economy in Guatemala has identified nine new export markets from January to July of this year, including Libya, Ivory Coast, Afghanistan, Egypt, Russia, Switzerland, Finland, Thailand, and the United Kingdom. The country has experienced a 21.7% increase in export value and a 14.7% increase in volume from January to July 2021 compared to the previous year. The top ten export products include medicines, knitted fabrics, electrical energy, coffee, bananas, iron, steel, cardamom, vegetables, rum, and sugar. Efforts are being made to reduce bureaucracy and support Micro, Small and Medium Enterprises (MSMEs) to formalize and link to new markets. Progress has been made in reducing the time required for construction licenses and supporting MSMEs has resulted in significant sales for the owners of these businesses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By Natiana Gándara / Prensa Libre Nine new export markets have been detected by the Ministry of Economy (Mineco) from January to July of this year, especially in Asia and Africa. For example, products such as sugar and cardamom are being shipped to Libya and the Ivory Coast. In the case of Afghanistan, Egypt and Russia, coffee is being shipped, as is Georgia; iron and steel to Switzerland and Finland, aluminum to Thailand and wood manufactures to the United Kingdom, reported yesterday Edith Flores de Molina, Deputy Minister of Integration and Foreign Trade of the Ministry of Economy, during the presentation of the management report of said entity. In the opinion of Jacobo Pieters, head of the market intelligence unit of the Guatemalan Association of Exporters (Agexport) those markets make sense at the international level, but he explained that with products such as iron, cardamom and sugar it is because the market fluctuates year-on-year, therefore, where there is demand, these ...

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