Guatemalan Exports to Europe Fall by 8%

Due to the European crisis, during the first five months of the year Guatemalan exports to the old continent have dropped by about $28 million, which is 8.1%.

Thursday, August 9, 2012

During the first five months of 2012 total sales to European countries summed $316.9 million, 8.1% lower than the $344.9 million for the same period in 2011, according to statistics from the Bank of Guatemala (Banguat).

"The most affected markets for Guatemalan products are: Italy, which has reduced purchases from the country by $14.6 million (-23.3 percent) compared to the first 5 months of 2011, followed by Spain, with a decline in shipments of $13.8 million (-33.8 percent), Belgium, with a reduction of $11.1 million (-22.6 percent), Germany, with a reduction of $9.6 million (-13.2 percent) and Finland, with a reduction in Guatemala purchases of $4 million (-51.9 percent)", writes Alexis Batres for

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