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U.S. agricultural exporters of consumer-oriented products are well-positioned to increase sales to Guatemala. In 2023, U.S. consumer-oriented export values reached a third-consecutive record on 15 percent growth from the previous year (Figure 3).
The Ministry of Agriculture Livestock and Food (MAGA) regulates Guatemala's genetically engineered (GE) plants and animals.
Romania, a member of the European Union (EU), observes the EU standards and regulations regarding biotechnology. Most farmers view biotechnology as an instrument in managing the agronomic risks and sustaining their competitiveness.
Singapore does not have any domestic commercial production of plant biotechnology. The Singapore Food Agency (SFA) website lists 108 genetically engineered (GE) crops approved for use as food for direct consumption, ingredients, and further processing into ingredients for other food in the country.
This report contains the list of all the mandatory export certificates required by the Government of Guatemala for agricultural imports.
The retail food sector is highly competitive in Singapore with no single country holding over 16 percent of the consumer-oriented products market share. Singapore’s economy is beginning to slow due to cost-of-living, inflation, and supply chain challenges.
Guatemala adopted the Central American Regional Technical Regulation RTCA 67.01.31:20, which updates the food product registration process. The regulation entered into effect on August 5, 2024, superseding previous regulation RTCA 67.031:07.
In 2023, the Guatemalan market showed significant potential for growth, with supermarkets, hypermarkets, and independent food stores expanding their locations.
Romania continues to be a growing market for U.S. food and agriculture exports. Romania’s total resident population is 19.05 million people, which is a marginal increase from previous years, with about 48 percent living in rural areas (2023 data).
Guatemala ranked as the #16 largest U.S. agricultural export market despite a nine percent decline, mainly due to lower imports of bulk commodities in 2023, reaching $1.6 million. It's crucial to remember that Guatemala, relying on foreign exchange by international trade, remittances, and tourism, is the largest economy in Central America, with an estimated gross domestic product (GDP) of $102.8 billion, a 19-million-person market, and relative economic stability.
Singapore’s economy has rebounded post COVID-19 pandemic. The city-state is heavily reliant on imports of food and energy, the food and beverage industry are largely driven by international tourism and consumer spending.
In 2023, according to Romania’s National Institute of Statistics (NIS), Romania imported $211 million of U.S. food and agricultural products, up nearly 11 percent compared to 2022. According to the U.S. Census Bureau's bulk, intermediate, and consumer oriented (BICO), U.S. suppliers shipped $79 million worth of food and agricultural products to Romania in 2023.