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Singapore’s economy is rebounding strongly from the COVID-19 pandemic. The city-state’s highly import dependent, multi-billion dollar food industry is driven by robust consumer spending, high disposable incomes, and intense urbanization.

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.