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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A deficit of $1.398 billion was accumulated in the first quarter, an increase of 82.8% over the same period in 2010 and 29% of the total trade deficit expected for 2011.
According to a report by Aldesa, imports for the quarter were $3.853 million, and exports totaled $ 2.454 million, growing by 21.6% and 2.1% respectively over the same period in 2010.
Honduras has a deficit of US$4.6 billion according to a report issued by authorities.
The Central Bank of Honduras said that the figure shows a deterioration of the foreign position of the country regarding trade.
Coffee, banana, and African palm oil where the products that contributed the most to Honduran exports between January and September this year.
In the first eight months of the year a trade deficit of $3,724 million has been accumulated, which is 49% higher than in the same period in 2010.
According to data published by the Central Bank of Costa Rica, from January to August, exports totaled $6,783 million compared to $10,507 million in imports.
The country’s trade deficit reached $578.4 million, $45.2 million more (7.8%) than the same month of 2009.
Exports grew 11% to $693.6 million, while exports increased 9.9%, reaching $1.27 billion.
“The Central Bank highlighted a 57.2% increase in traditional exports, which reached $94.1 million”, reported El Salvador.com.