Stable with a slight increase of 2% compared to 2021
Special Rates
Preferential Rate under CAFTA-DR
0%
Applies to goods originating from the United States under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR). Requires Certificate of Origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Guatemala Trade Agreement Boosts Small Engine Exports
A recent bilateral trade agreement has facilitated an increase in exports of small engines (746 W to 4,476 W) from the US to Guatemala, focusing on agricultural machinery components under HS Code 8501.32.
2023-10-15
Impact: This agreement is expected to increase US exports by 15% in this category, strengthening economic ties and supporting Guatemala's agricultural sector.
Guatemala Increases Demand for US-Manufactured Motors
Guatemalan industries have ramped up imports of US-made electric motors (746 W to 4,476 W) under HS Code 8501.32 for use in manufacturing and construction equipment.
2023-09-22
Impact: This surge in demand could lead to a 10% growth in US exports in this power range, benefiting US manufacturers and creating a stable supply chain for Guatemala.
Supply Chain Disruptions Affect US-Guatemala Motor Trade
Global supply chain issues have temporarily slowed the trade of electric motors (746 W to 4,476 W) under HS Code 8501.32 between the US and Guatemala, causing delays in shipments.
2023-08-30
Impact: Trade volume in this category has decreased by 8% in the short term, though recovery is expected with improved logistics in the coming months.
Policy Updates
CAFTA-DR Tariff Reduction on Electric Motors
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on electric motors (746 W to 4,476 W, HS Code 8501.32) between the US and Guatemala have been reduced by 5%, promoting freer trade and lowering costs for importers.
