Between January and August, exports and imports grew by 26% and 24% respectively compared to the same period last year.
The data is the result of the dynamism experienced by Guatemalan foreign trade, which driven by strong domestic economic activity, is growing significantly.
The steady increase in exports and imports provides stability to the trade balance, which despite being in deficit, has remained more or less unchanged in recent months.
However, some experts believe this picture could change if economic conditions in the U.S. and Europe do not improve in the short or medium term.
An analyst specializing in foreign trade, Enrique Lacs, said in an article in s21.com.gt that "the reason for this growth is the increase in commodity prices, which, said Lacs, makes us think that this will not be sustained over time, due to the looming recession in the U.S. and Europe.
"If there is not an improvement in both economies, the best case scenario would be a stagnation of trade," said Lacs, who recommends taking advantage of good prices now. "
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