Guatemala: Exporter Guide Annual
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Guatemala ranked as the #16 largest U.S. agricultural export market despite a nine percent decline, mainly due to lower imports of bulk commodities in 2023, reaching $1.6 million. It's crucial to remember that Guatemala, relying on foreign exchange by international trade, remittances, and tourism, is the largest economy in Central America, with an estimated gross domestic product (GDP) of $102.8 billion, a 19-million-person market, and relative economic stability. Moreover, Guatemala represents a growing market for U.S. consumer-oriented products, as evidenced by the 14 percent increase from 2022, reaching $778.6 million.
