The trade balance of Guatemala with the United Kingdom presents a stable and surplus trend, derived from the fact that is exported more than what is imported, with an average annual variation of 81.6% from 2010 to 2017. The commercial exchange in 2017 amounted to US $ 138.5 million, accumulating up to the month of August US $ 80.1 million, presenting an average annual variation of 5.9% from 2010 to 2017.
According to the reports published by the World Economic Forum and the World Bank, the United Kingdom occupies in the year 2017 the following position:
In 2017, Guatemala exported US $ 98.6 million to the United Kingdom, registering an average annual growth of 11.2% for the period 2010 to 2017, accumulating up to August 2018 US $ 53.1 million. The main products that Guatemala exported to the United Kingdom, with their amount in dollars and their respective participation in the total of products exported in 2017, are the following:
Other products US $ 6.4 million and represent 6% of participation
In 2017, Guatemala imported US $ 39.9 million from the United Kingdom, registering an average annual growth of -2.0% from the period from 2010 to 2017, accumulating to June 2018 US $ 27.0 million.
The main products that Guatemala imported from the United Kingdom, with its amount in dollars and its respective participation in the total of products imported in the year 2017, are the following:
Other products US $ 3.5 million and represent 9% of participation
According to the information published by the Banco de Guatemala, direct foreign investment that United Kingdom (England) carried out in Guatemala during the year 2017, amounts to US $ 27.0 million, with 2.4% of participation of the total received. The main investment sectors are:
As of June 2018, the accumulated investment amounts to -US $ 16.5 million and -3.0% of participation within the total received for direct foreign investment. The trade and manufacturing sectors are those who record this information.
The Latin American Trade & Investment Association (LATIA) is an independent non-profit organisation established in 2010. LATIA is the only organisation in the UK whose members are the Trade and Investment agencies and Embassies’ Trade and Investment Officers of 19 Latin American countries.
LATIA Members are:
Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.
LATIA coordinates and implements a strategy to attract foreign direct investment, boost trade and promote the internationalisation of Latin-American companies, contributing to the socio-economic development and commercial engagement with the UK.
Through its annual Latin American Investment Forum (LAIF), LATIA presents a unique opportunity to investors and business communities to hear about the latest developments and investment projects in Latin America, allowing LATIA member countries to develop alliances with important UK government organizations and other public and private institutions.
The forum, LAIF, was presented in its first edition in 2011, having been its original promoters, Brazil, Chile, Guatemala and Mexico, having been these four countries who founded LATIA, origin of everything.
For a sneak peek at the 7th Latin American Investment Forum - LAIF 2018 "A Connected Future for Latin America and the UK", forum that brought together the main authorities of the industry and global investors.
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