Stable with slight annual growth due to consistent demand for animal feed in Guatemala.
Special Rates
Preferential Rate
0%
Applies under CAFTA-DR for qualifying goods from the United States with proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Soybean Exports to Guatemala Surge in 2023
According to the USDA, US soybean exports to Guatemala reached a record high in the first half of 2023, driven by increased demand for animal feed in the region.
October 15, 2023
Impact: This surge strengthens trade ties under the CAFTA-DR agreement, potentially increasing US market share in Central America.
Guatemala Increases Soybean Imports Amid Local Shortages
Guatemala has ramped up soybean imports from the US to address local production shortfalls, with shipments rising by 15% compared to last year.
August 20, 2023
Impact: The increased imports benefit US farmers but highlight Guatemala's dependency on foreign supply, potentially prompting local policy adjustments.
US-Guatemala Trade Talks Focus on Agricultural Exports
Recent bilateral discussions between US and Guatemalan officials emphasized agricultural trade, with soybeans being a key focus for export growth.
June 5, 2023
Impact: These talks could lead to reduced trade barriers, facilitating smoother and increased soybean exports from the US to Guatemala.
Policy Updates
CAFTA-DR Tariff Adjustments for Agricultural Goods
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on certain agricultural imports, including soybeans, have been further reduced to promote trade between member countries like the US and Guatemala.
