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This is an update of the 2019 report. In 2019, U.S. consumer-oriented products exported to Guatemala reached a record $567 million.
Guatemala’s GDP growth is expected to slow as a result of COVID-19. The agricultural sector’s participation in the national GDP is expected to drop from 13.5 to 9.7%.
On May 26, 2020, the Ministry of Agriculture of Guatemala eliminated the registration requirement for animal feed minerals that contain only one type of biomolecule ingredient.
The retail industry in Guatemala is strong and continues growing; the two largest supermarket chains continue expanding and opening new outlets in both the urban and rural areas of the country.