What Are The Main Exports From Guatemala?

by | Last updated on January 24, 2024

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Statistics Exports $11.12 billion (2017 est.) Export goods sugar, coffee, petroleum, apparel, bananas, fruits and vegetables, cardamom, manufacturing products, precious stones and metals, electricity Main export partners United States 33.8% El Salvador 11.1% Honduras 8.8% Nicaragua 5.1% Mexico 4.7% (2017)

What are the major products of Guatemala?

Main industries in Guatemala include production of coffee ; production of textiles, paper industries, petroleum, pharmaceutical products, and rubber processing; and tourism.

What does the US import from Guatemala?

U.S. imports from Guatemala totaled $3.76 billion in 2020, a slight decrease from 2019. U.S. imports include edible fruits and nuts; knit apparel; coffee, tea, and spices; woven apparel; edible vegetables, roots, and tubers . U.S. imports from Guatemala totaled $3.76 billion in 2020, a slight decrease from 2019.

What is Guatemala main source of income?

Guatemala has the largest economy in Central America, according to the World Bank, and it has grown steadily in the 21st century. Services, manufacturing and agriculture are top sectors. Remittances from Guatemalans living abroad are a major source of foreign income for the country.

What are Guatemala’s main imports?

Guatemala’s main imports are oil, capital goods and consumer goods . Guatemala’s main import partner is the United States (38 percent of total imports). Others include: Mexico, China, and Central America.

What is money called in Guatemala?

GTQ is the foreign exchange abbreviation for the Guatemalan quetzal . It is the official currency of Guatemala, and is subdivided into 100 centavos.

Why Guatemala is so poor?

Many depend on farming inherited land as their sole source of income , contributing to cyclical poverty in Guatemala. As 65 percent of the land is controlled by 2.5 percent of farms, land is passed down through families and most consider farming one of their only options.

What religion is practiced in Guatemala?

The U.S. government estimates the total population at 16.9 million (midyear 2019 estimate). According to a 2016 survey by ProDatos, approximately 45 percent of the population is Catholic and 42 percent Protestant. Approximately 11 percent of the population professes no religious affiliation.

What is Guatemala famous for?

Guatemala is best known for its volcanic landscape, fascinating Mayan culture and the colorful colonial city of Antigua, a UNESCO World Heritage Site. But this small Central American country has a wealth of homegrown produce and talent.

Who is the most famous person from Guatemala?

  • Miguel Ángel Asturias. Diplomat. ...
  • Oscar Isaac. Actor. ...
  • Efraín Ríos Montt. Politician. ...
  • Carlos Ruiz. Soccer. ...
  • Jacobo Árbenz. Politician. ...
  • Marco Pappa. Soccer Midfielder. ...
  • Otto Pérez Molina. Politician. ...
  • Alfonso Portillo. Politician.

Which countries are very close to Guatemala?

Guatemala is bounded to the north and west by Mexico , to the northeast by Belize and (along a short coastline) by the Gulf of Honduras, to the east by Honduras, to the southeast by El Salvador, and to the south by the Pacific Ocean.

What is the biggest problem in Guatemala?

Public Security, Corruption, and Criminal Justice

Violence and extortion by powerful criminal organizations remain serious problems in Guatemala. Gang-related violence is an important factor prompting people, including unaccompanied children and young adults, to leave the country.

Is Mexico richer than Guatemala?

Guatemala has a GDP per capita of $8,200 as of 2017, while in Mexico , the GDP per capita is $19,900 as of 2017.

Is Guatemala 3rd world country?

In summary, Guatemala is a third world country . Even though it is a beautiful country with plenty of attractions, it continues to struggle with the effects of its long civil war. During the cold war, Guatemala was not a part of the east and west conflict.

Can I pay in dollars in Guatemala?

The US dollar is widely accepted in Guatemala , but it is still recommended to have Guatemalan quetzals on hand at all times. It can be difficult to break larger bills (like Q100) in smaller towns and at local restaurants—for this reason it is always a good idea to keep some smaller bills in your wallet.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.