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Senegal will begin oil and gas production in 2024 which is expected to be a major factor in strong economic growth going forward. Increased purchasing power, in combination with population growth, increasing urbanization, and an expanding middle-and-upper class, should provide new opportunities for U.S. suppliers to enter the market.

U.S. exports of agricultural products to Guatemala in 2022 increased 11.2 percent from 2021, reaching $1.8 billion. The Guatemalan economy relies on foreign exchange generated by international trade, remittances, and the tourism sector.