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).
Foreign sales of flowers, foliage and ornamental plants increased by 8% in 2012, totaling $81 million, which is $8 million more than last year.
From January up to September, trade between Central American countries summed $8.01 billion, 16.8% less than the same period of 2008.
The website "Made in Guatemala" has been created for Guatemalan SMEs to sell their products in Italy.
In the month of January, the sector of ornamental plants, foliage and flowers generated $6.2 million in foreign exchange, which is an increase of 6.9% compared to the same period in 2012, when they totaled $5.8 million.
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