Guatemala Exporter Guide 2020

Country:
Guatemala

Report Highlights:
The economy relies on foreign exchange generated by international trade, remittances, and the tourism sector. The Government of Guatemala (GOG) welcomes foreign investment and generally places few legal or regulatory restrictions on foreign investors. Guatemala represents a growing market for U.S. companies and is a country with economic stability, a strategic location with ports on both the Atlantic and Pacific Oceans, and a proximity to the United States. U.S. exports of agricultural products to Guatemala reached a record of $1.2 billion in 2019. The COVID-19 pandemic might reverse the trend of import growth in 2020; however, economists expect that the Guatemalan economy will pick-up in 2021. Some of the most important exported agricultural products to Guatemala are yellow corn, wheat, soybean meal, and poultry, beef, and pork meat.

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