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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
Guatemala is currently our 43rd largest goods trading partner with $10.0 billion in total (two way) goods trade during 2015. Goods exports totaled $5.9 billion; goods imports totaled $4.1 billion. The U.S. goods trade surplus with Guatemala was $1.7 billion in 2015.
According to the Department of Commerce, U.S. exports of goods to Guatemala supported an estimated 24 thousand jobs in 2014 (latest data available).
- Guatemala was the United States' 40th largest goods export market in 2015.
- U.S. goods exports to Guatemala in 2015 were $5.9 billion, down 1.7% ($100 million) from 2014 but up 107% from 2005. U.S. exports to Guatemala are up 107% from 2005 (pre-FTA).
- The top export categories (2-digit HS) in 2015 were: mineral fuels ($1.6 billion), machinery ($522 million), special other (articles donatedfor relief) ($513 million), electrical machinery ($339 million), and cereals (corn, wheat) ($324 million).
- U.S. exports of agricultural products to Guatemala totaled $1.1 billion in 2015, our 23rd largest agricultural export market. Leading categories include: corn ($149 million), soybean meal ($148 million), wheat ($139 million), poultry ($104 million), and cotton ($54 million).
- Guatemala was the United States' 52nd largest supplier of goods imports in 2015.
- U.S. goods imports from Guatemala totaled $4.1 billion in 2015, down 2.3% ($97 million) from 2014, but up 31% from 2005. U.S. imports from Guatemala are up 31.3% from 2005 (pre-FTA). U.S. imports from Guatemala are up 31.3% from 2005 (pre-FTA).
- The top import categories (2-digit HS) in 2015 were: knit apparel ($1.1 billion), edible fruit & nuts (bananas, cantaloupes) ($1.1 billion), coffee, tea & spice (coffee )($333 million), precious metal and stone (gold) ($325 million), and woven apparel ($297 million).
- U.S. imports of agricultural products from Guatemala totaled $1.9 billion in 2015, our 16th largest supplier of agricultural imports. Leading categories include: bananas and plantains ($804 million), coffee, unroasted ($324 million), other fresh fruit ($238 million), processed fruit & vegetables ($120 million), and fresh vegetables ($113 million).
- The U.S. goods trade surplus with Guatemala was $1.7 billion in 2015, a 0.2% decrease ($3 million) over 2014.
- U.S. foreign direct investment (FDI) in Guatemala (stock) was $1.2 billion in 2014 (latest data available), a 5.0% increase from 2013. There is no information on the distribution of U.S. FDI in Guatemala.
- No data on Guatemala's FDI in the U.S. are available.
NOTE: No services trade data with Guatemala are available.