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The Guatemalan economy relies on foreign exchange generated by remittances, international trade, and the tourism sector. Guatemala represents a growing market for U.S. companies and is a country with relative economic stability. U.S. exports of agricultural products to Guatemala in 2021 increased 28 percent from year 2020, reaching $1.6 billion.
In the global sugar industry, Guatemala ranks 11th in production, 5th in exports, 3rd most competitive, and 1st most efficient at port loading.