Guatemalan exporters forecast 13% sales growth in 2021


Guatemala City, Aug 11 (EFE) .- Guatemalan exports will increase 13% in 2021 from the previous year, doubling the initial outlook, according to a report released on Wednesday by the Exporters Union.

In a virtual press conference, the Association of Guatemalan Exporters (Agexport) said growth prospects for this year are 13%, more than double the estimate from three months ago, which showed an approximate growth of 6.3%.

The economic analyst of Agexport’s competitiveness department, José Chávez, clarified that the new prospect of growth of 13% for this year of Guatemalan exports is due to the increase in the sales of goods, mainly textiles and manufactured products.

On the contrary, Chávez claimed that export services, especially in sustainable tourism and also in health and wellness tourism, have declined due to the pandemic, compared to the previous year.

“Exports are doing very well. They saw a better performance than expected, ”said Chavez.

The report published by the Association of Exporters of Guatemala also establishes that the commercial ports of the Central American country “showed an increase in the length of stay of vessels compared to the previous quarter”.

The union stresses that the increase in the length of stay of vessels is due “to the peak of the peak cargo season”, but urged the Guatemalan authorities to “prioritize investments in infrastructure”.

The ports analyzed by Agexport were Puerto Quetzal and Santo Tomás de Castilla, located respectively on the Pacific and Atlantic Oceans, with an increase of half an hour in the average stay of freighters compared to the previous quarter.

The data presented by the Union of Exporters is part of a report related to the competitiveness of the Central American country, which also analyzes the performance of the customs sector and the return of the tax credit to exporters.

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