Guatemala Import Data

Guatemala's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Guatemala's principal trade allies include the United States, Mexico, China, and several Central American countries.

• Top 5 Imports: Petroleum, vehicles, machinery, plastics, and pharmaceuticals, accounting for a significant portion of the total imports.

• Top 5 Exports: Coffee, sugar, fruit, vegetables, and textiles, which collectively make up a substantial share of the country's total exports.

• Trade Balance: Guatemala experiences a trade deficit, with imports outweighing exports, though recent policies aim to improve this balance.

• Trade Policies: Guatemalan trade policies focus on regional integration and diversifying export markets to enhance the country's economic resilience.

Domestic Market

• Consumer Spending: Consumer expenditure is robust, fueled by a growing middle class, yet inflation pressures are affecting purchasing power.

• Interest Rates & Inflation: Moderate interest rates are aimed at controlling inflation, which has seen a rise but remains within manageable levels.

• Supply Chain Dynamics: Supply chains are adapting to global uncertainties, with a focus on local sourcing to ensure reliability and reduce costs.

• Industry Performance: Agricultural and manufacturing sectors show resilience, while the services sector, including tourism, is on the rise, supported by government initiatives.

Overall Outlook

Guatemala's economy, characterized by its diverse export base and a vibrant domestic market, is poised for sustainable growth. Challenges such as trade deficits and inflation are being addressed through strategic policies aimed at long-term economic stability and prosperity.