Guatemala’s Biggest Import: Coffee

What is Guatemala biggest import?
Guatemala’s main imports are oil, capital goods and consumer goods. Guatemala’s main import partner is the United States (38 percent of total imports). Others include: Mexico, China, and Central America.
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Guatemala is a Central American nation renowned for its vibrant culture and varied topography. The agricultural sector of Guatemala’s economy, notably the production and export of coffee, is one of the most important components. The largest import into Guatemala is coffee, which has played a significant role in the nation’s economy for more than a century.

The first coffee seedlings were brought to Guatemala by German immigrants in the 19th century, beginning the country’s coffee history. Coffee farming was soon made possible by Guatemala’s favorable climate and rich soil, and soon it was one of the country’s most significant exports. Guatemala is recognized today for producing premium coffee beans, especially Arabica beans, which are highly prized in the speciality coffee sector.

Despite its economic significance, Guatemala’s coffee industry has seen its share of difficulties. Child labor is one of the most important issues. Over 200,000 children in Guatemala are used as child laborers, many of whom are employed on coffee fields, according to the International Labour Organization. These kids frequently put in lengthy shifts in challenging circumstances, which can be harmful to their health and wellbeing.

In comparison to farmers in other nations, Guatemalan coffee producers get a comparatively low average salary. The World Bank estimates that Guatemalan coffee producers make an annual average income of $2,000 or less. The high cost of manufacturing, low market prices, and restricted access to financing and resources are only a few of the causes of this poor income.

The price of importing coffee from Guatemala varies based on a number of elements, such as shipping expenses, import taxes, and the quantity and quality of the coffee beans. Since Guatemalan coffee is typically seen as a premium commodity, it might be more expensive than coffee from other nations. However, due to its reputation for high quality and distinctive flavor characteristics, many coffee roasters and customers are willing to pay more for Guatemalan coffee.

In conclusion, coffee has been a major contributor to the economy of Guatemala for more than a century and is the country’s biggest import. Despite its economic significance, Guatemala’s coffee industry suffers a number of difficulties, such as child labor and low farmer wages. However, Guatemala continues to produce top-notch coffee beans that are in high demand throughout the world’s speciality coffee market.

FAQ
Also, how much does guatemalan coffee cost?

The price of Guatemalan coffee can change depending on a number of variables, including the type, region, and production quality. However, the typical price of a pound of Guatemalan coffee in the US ranges from $6 to $25.

What products does Guatemala export?

Several agricultural goods, including coffee, bananas, sugar, cardamom, and vegetables, are exported from Guatemala. Rubber, clothing, precious stones, and textiles are among additional important exports.

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