From January to June 2009, the region exported $1.54 billion, 13.5% less than the same period of 2008, and it imported $6.84 billion, 28.9% less than in 2008.
While trade between countries of the region didn't drop, it slowed down, going from growth rates of 25.2% to 16%. Intra regional commerce is the second destination of Central American products, after the U.S., which receives 30% of the region's exports.
In the first half of the year, exports were down 6.9% and imports dropped 28% when compared to the same period of 2008.
According to data by the Central Bank of Guatemala (Banguat), exports totaled $3.714 million while imports summed $5.386 million.
From website Prensalibre.com: "Rubén Morales, Economy Minister, said that, in the light of this situation, they will foster exports with more trade missions to countries where Guatemala has free trade agreements".
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