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Guatemala

On August 5, 2004, the United States signed the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) with five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic (the Parties). Under the Agreement, the Parties significantly liberalizes trade in goods and services.

The CAFTA-DR also includes important disciplines relating to: customs administration and trade facilitation, technical barriers to trade, government procurement, investment, telecommunications, electronic commerce, intellectual property rights, transparency and labor and environmental protection.

The Agreement entered into force for the United States and El Salvador on March 1, 2006; for, Honduras and Nicaragua on Aril 1 2006; and for Guatemala on July 1, 2006. The CAFTA-DR entered into force for the Dominican Republic on March 1, 2007, and for Costa Rica on January 1, 2009.

U.S.-Guatemala Trade Facts

U.S. goods and services trade with Guatemala totaled an estimated $13.7 billion in 2017 (latest data available). Exports were $8.6 billion; imports were $5.1 billion. The U.S. goods and services trade surplus with Guatemala was $3.4 billion in 2017.

Guatemala is currently our 46th largest goods trading partner with $10.9 billion in total (two way) goods trade during 2018. Goods exports totaled $6.6 billion; goods imports totaled $4.2 billion. The U.S. goods trade surplus with Guatemala was $2.4 billion in 2018.

Trade in services with Guatemala (exports and imports) totaled an estimated $2.8 billion in 2017 (latest data available). Services exports were $1.7 billion; services imports were $1.1 billion. The U.S. services trade surplus with Guatemala was $541 million in 2017 (latest data available).

According to the Department of Commerce, U.S. exports of Goods and Services to Guatemala supported an estimated 34 thousand jobs in 2015 (latest data available) (25 thousand supported by goods exports and 9 thousand supported by services exports).

Exports

  • Guatemala was the United States' 37th largest goods export market in 2018.
     
  • U.S. goods exports to Guatemala in 2018 were $6.6 billion, down 3.6% ($246 million) from 2017 but up 40.9% from 2008. U.S. exports to Guatemala are up 134% from 2005 (pre-FTA).
     
  • The top export categories (2-digit HS) in 2018 were: mineral fuels ($2.2 billion), special other (medicinal and pharmaceutical products donated for relief) ($622 million), machinery ($417 million), cereals (corn) ($369 million), and electrical machinery ($319 million).
     
  • U.S. total exports of agricultural products to Guatemala totaled $1.3 billion in 2018. Leading domestic export categories include: corn ($196 million), soybean meal ($170 million), wheat ($133 million), poultry meat & prods. (ex. eggs) ($123 million), and cotton ($99 million).
     
  • U.S. exports of services to Guatemala were an estimated $1.7 billion in 2017 (latest data available), 3.8% ($60 million) more than 2016, and 27.6% greater than 2007 levels.  Leading services exports from the U.S. to Guatemala were in the travel, transport, and financial services sectors.

Imports

  • Guatemala was the United States' 53rd largest supplier of goods imports in 2018.
     
  • U.S. goods imports from Guatemala totaled $4.2 billion in 2018, up 4.8% ($194 million) from 2017, and up 21.5% from 2008. U.S. imports from Guatemala are up 34.1% from 2005 (pre-FTA).
     
  • The top import categories (2-digit HS) in 2018 were: edible fruit & nuts (bananas, plantains)  ($1.3 billion), knit apparel ($1.2 billion), coffee, tea & spice (coffee) ($340 million), woven apparel ($290 million), and vegetables (legumes) ($222 million).
     
  • U.S. total imports of agricultural products from Guatemala totaled $2.2 billion in 2018. Leading categories include: bananas and plantains ($963 million), coffee, unroasted ($326 million), other fresh fruit ($260 million), fresh vegetables ($150 million), and processed fruit & vegetables ($135 million).
     
  • U.S. imports of services from Guatemala were an estimated $1.1 billion in 2017 (latest data available), 12.9% ($128 million) more than 2016, and 40.9% greater than 2007 levels.  Leading services imports from Guatemala to the U.S. were in the travel, transport, and technical and other services sectors.

     

Trade Balance

  • The U.S. goods trade surplus with Guatemala was $2.4 billion in 2018, a 15.3% decrease ($440 million) over 2017.
     
  • The United States has a services trade surplus of an estimated $541 million with Guatemala in 2017 (latest data available), down 11.2% from 2016.

Investment

  • U.S. foreign direct investment (FDI) in Guatemala (stock) was $1.0 billion in 2017 (latest data available), a 5.6% increase from 2016. There is no information on the distribution of U.S. FDI in Guatemala.
     
  • Guatemala's FDI in the United States (stock) was $2 million in 2016 (latest data available). There is no information on the distribution of Guatemala FDI in the U.S.
     
  • Sales of services in Guatemala by majority U.S.-owned affiliates were $687 million in 2016 (latest data available), while sales of services in the United States by majority Guatemala-owned firms were $11 million.