Sugar from Guatemala sweetened 43 countries in 2021. Last year, sugar and its byproducts represented 4% of the country’s total exports, equivalent to 520 million dollars in foreign currency for the country.
The main countries to which Guatemalan Sugar was exported in 2021 were the United States, Canada, South Korea, Taiwan, Haiti, Libya, Jamaica, Italy, Ghana, and Malaysia.
By continent, the main export destinations for Guatemalan sugar are America with 50%, Africa with 15%, Asia with 22%, Europe with 11% and Oceania with 2%.
Of the exports of the Guatemalan Sugar Industry in 2021, 65.7% was sugar, 22.4% alcohol and 11.9% molasses.
Waste is transformed and reused for export
The Guatemalan Sugar Industry takes advantage of their residues, which are transformed to be reused. This is the case of alcohol or ethanol, which is produced with molasses and 55 million gallons are produced each year, most of which are exported.
Guatemalan ethanol is used for cosmetics, pharmaceutical products, liquor production and as a fuel. The five main countries where this product was exported in 2021 were: The Netherlands, the United States and its territories, Mexico, Switzerland, and El Salvador.
In addition, during the sugar production process, other types of honey or molasses are also exported and according to data from the Bank of Guatemala in 2021, 72.5% went to the United States; 13.9% to the United Kingdom; 5.5% to Guyana; 5.2% to the Netherlands and 3% to Canada.
Sugar from Guatemala and its byproducts are the second largest export agro-industrial product in Guatemala and one of the main products exported by the country.