Commercial Balance


COMMERCIAL BALANCE

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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.

Competitiveness Index:

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:

Global Competitiveness: 8

Doing Business: 7

Competitiveness in Travel and Tourism: 5

Trade Facilitation: 8

EXPORTS

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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:

Sugar US $ 19.9 million and 20% participation;

Legumes and vegetables US $ 16.0 million and 16% participation;

Alcoholic beverages and vinegars US $ 14.3 million and 15% participation;

Coffee US $ 10.2 million and 10% participation;

Fresh, dried or frozen fruits US $ 9.6 million and 10% participation;

Sugar molasses US $ 5.6 million and 6% participation;

Beans US $ 5.2 million and 5% participation;

Cardamomo US $ 5.1 million and 5% participation;

Banana US $ 4.3 million and 4% participation;

Iron and steel US $ 2.0 million and 2% participation.

Other products US $ 6.4 million and represent 6% of participation

IMPORTS

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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:

Vehicles and transportation material US $ 15.2 million and 38% participation;

Alcoholic beverages and vinegars US $ 5.6 million and 14% participation;

Machines and mechanical devices for electrotechnical uses US $ 4.7 million and 12% participation;

Plastic materials and their manufactures US $ 2.8 million and 7% participation;

Pharmaceutical products US $ 2.2 million and 6% participation;

Miscellaneous products from the chemical industry US $ 2.0 million and 5% participation;

Manufactures of paper and cardboard US $ 1.5 million and 4% participation;

Medical instruments and other US $ 1.2 million and 3% participation;

Other manufactures of common metals US $ 0.7 million and 2% participation;

Clothing products US $ 0.5 million and 1% share.

Other products US $ 3.5 million and represent 9% of participation

contact address

105a Wesbourne Grove London,
W2 4UW

(+44) (0) 20 722 17448

info@embaguate.com

emergencias@embaguate.com

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