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.
Guatemala Trade & Investment Summary
U.S. goods and services trade with Guatemala totaled an estimated $18.5 billion in 2022. Exports were $12.0 billion; imports were $6.5 billion. The U.S. goods and services trade surplus with Guatemala was $5.4 billion in 2022.
U.S. goods exports to Guatemala in 2022 were $10.2 billion, up 26.2 percent ($2.1 billion) from 2021 and up 78 percent from 2012. U.S. goods imports from Guatemala totaled $5.3 billion in 2022, up 13.8 percent ($644 million) from 2021, and up 18 percent from 2012. The U.S. goods trade surplus with Guatemala was $4.9 billion in 2022, a 43.0 percent increase ($1.5 billion) over 2021.
U.S. exports of services to Guatemala were an estimated $1.8 billion in 2022, 7.0 percent ($116 million) more than 2021, and 33 percent greater than 2012 levels. U.S. imports of services from Guatemala were an estimated $1.2 billion in 2022, 16.0 percent ($170 million) more than 2021, and 31 percent greater than 2012 levels. Leading services exports from the U.S. to Guatemala were in the travel, transportation, and financial services sectors. The United States had a services trade surplus of an estimated $549 million with Guatemala in 2022, down 9.0 percent from 2021.
Guatemala's FDI in the United States (stock) was $14 million in 2022, up 133.3 percent from 2021.
