The Guatemalan commodity export market is dominated by coffee (21%) and sugar (7.5%). Other main exports are bananas (6.6%), medicinal and pharmaceutical products (3.2%), vegetables (3.2%), and cardamom (2.9%). Most exports go to the US. Nontraditional exports, such as cut flowers, fruits and berries, shrimp, and textile assembly, are of growing importance to the Guatemalan economy.
In 2000 Guatemala's imports were distributed among the following categories:
Consumer goods | 13.1% |
Food | 10.1% |
Fuels | 12.5% |
Industrial supplies | 31.7% |
Machinery | 20.3% |
Transportation | 12.2% |
Other | 0.1% |
Principal trading partners in 2000 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
United States | 975 | 1,940 | -965 |
El Salvador | 341 | 314 | 27 |
Honduras | 233 | 84 | 149 |
Costa Rica | 127 | 201 | -74 |
Mexico | 120 | 571 | -451 |
Germany | 108 | 127 | -19 |
Canada | 63 | 99 | -36 |
Japan | 63 | 152 | -89 |
Panama | 55 | 163 | -108 |
Nicaragua | 114 | n.a. | n.a. |
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