What are the natural resources in Guatemala?
Guatemala has abundant mineral reserves that include uranium, sand and gravel, nickel, limestone, petroleum, coal, gold, silver, copper, iron ore and cobalt.
Overview of Resources
- Lead ore ($134 million)
- Nickel ore ($122 million)
- Crude petroleum ($102 million)
- Gold ($57.8 million)
- Silver ($33.8 million).
What are the main products of Guatemala?
Economy of GuatemalaStatisticsExports$11.12 billion (2017 est.)Export goodssugar, coffee, petroleum, apparel, bananas, fruits and vegetables, cardamom, manufacturing products, precious stones and metals, electricityMain export partnersUnited States 33.8% El Salvador 11.1% Honduras 8.8% Nicaragua 5.1% Mexico 4.7% (2017)
How does Guatemala use their natural resources?
Land and Resources, Natural Resources
Guatemala’s primary natural resource is the rich soil of its highland valleys and coastal plains, but it also has some petroleum, as well as nickel, lead, zinc, iron, and small quantities of gold, silver, and jade. Only 13 percent of the land is farmed.
What does Guatemala import and export?
What did Guatemala export in 2019? Guatemala’s Top Exports in 2019: 8.43% ($952 million): 0803 – Bananas, including plantains, fresh or dried. 6.18% ($698 million): 1701 – Cane or beet sugar and chemically pure sucrose, in solid form.
Is there gold in Guatemala?
The Central American nation of Guatemala is better known for civil unrest, earthquakes, and volcanic eruptions than it is for gold. However, there is gold in the country, and there are undoubtedly many undiscovered deposits in the jungles and rainforests.
What is the biggest industry in Guatemala?
Main industries in Guatemala include production of coffee; production of textiles, paper industries, petroleum, pharmaceutical products, and rubber processing; and tourism. The country – which has a small mining industry – extracts copper, zinc, iron and nickel – also has strong geothermic and hydroelectric potential.
Why is Guatemala so poor?
Guatemala’s poor getting poorer. In Latin America, only Guatemala’s poor are getting even poorer. A new World Bank study says a key reason is that the government collects too few taxes. Low spending leads to poor infrastructure and slow growth.
What does the US import from Guatemala?
U.S. imports from Guatemala were USD 4.2 billion in 2018, a slight increase from 2017. U.S. imports include edible fruits and nuts; knit aparel; coffee, tea and spices; woven apparel; edible vegetables, roots and tubers.
What Guatemala is famous for?
Guatemala is best known for its volcanic landscape, fascinating Mayan culture and the colorful colonial city of Antigua, a UNESCO World Heritage Site. But this small Central American country has a wealth of homegrown produce and talent.
What is grown in Guatemala?
Guatemala – Agriculture
The principal cash crops are coffee, sugar, bananas, and cotton, followed by hemp, essential oils, and cacao. Coffee is grown on highland plantations; most of the bananas are produced along the Atlantic coastal plain.
What are El Salvador’s natural resources?
Natural resources: hydropower, geothermal power, petroleum, arable land. Exports: $5.112 billion (2013 est.): offshore assembly exports, coffee, sugar, shrimp, textiles, chemicals, electricity.
What are Costa Rica’s natural resources?
Costa Rica’s agricultural land and climate are its most important natural resources. The country has few mineral resources. The most important are the yet-unexploited bauxite deposits in the General and Coto Brus valleys and copper in the Cordillera de Talamanca.
What is the main export of Honduras?
Economy of HondurasStatisticsExports$8.675 billion (2017 est.)Export goodscoffee, apparel, shrimp, automobile wire harnesses, cigars, bananas, gold, palm oil, fruit, lobster, lumberMain export partnersUnited States 34.5% Germany 8.9% Belgium 7.7% El Salvador 7.3% Netherlands 7.2% Guatemala 5.2% Nicaragua 4.8% (2017)