What are the major imports and exports of Guatemala?
Economy of GuatemalaStatisticsExport 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)Imports$17.11 billion (2017 est.)
What are the major imports of Guatemala?
The top imports of Guatemala are Refined Petroleum ($1.99B), Cars ($386M), Petroleum Gas ($257M), Broadcasting Equipment ($237M), and Packaged Medicaments ($236M).
What are the major imports and exports of Venezuela?
Trade: The top exports of Venezuela are Crude Petroleum ($23.2B), Refined Petroleum ($3.03B), Gold ($2.71B), Acyclic Alcohols ($498M), and Iron Ore ($181M). The top imports of Venezuela are Refined Petroleum ($4.48B), Corn ($311M), Rice ($289M), Wheat ($279M), and Soybean Oil ($227M).
What is the gap between exports and imports?
The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.
What are the major industries in Guatemala?
Main Sectors of Industry
Main industries in Guatemala include production of coffee; production of textiles, paper industries, petroleum, pharmaceutical products, and rubber processing; and tourism.
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 get 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.
How dangerous is Guatemala?
Guatemala has one of the highest violent crime rates in Latin America, one of the world’s highest homicide rates and a very low arrest and detention rate. Most incidents of violent crime are drug- and gang-related. They occur throughout the country, including in tourist destinations.
What is Venezuela’s most important export?
Since the 1920s, Venezuela has been a rentier state, offering oil as its main export. The nation has experienced hyperinflation since 2015. In 2014, total trade amounted to 48.1% of the country’s GDP. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports.
What caused the downfall of Venezuela?
Political corruption, chronic shortages of food and medicine, closure of companies, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.
What is Colombia’s main export?
Is it better for a country to export more or to import more?
If you import more than you export, more money is leaving the country than is coming in through export sales. On the other hand, the more a country exports, the more domestic economic activity is occurring. More exports means more production, jobs and revenue.
What country has the largest trade deficit?