Petroleum Oils: Purchases Exceed $5 Billion

Between January and June of this year, the value of imported petroleum oils in the region totaled $5.105 million, and 48% was bought by companies in Guatemala and Panama.

Tuesday, November 19, 2019

Import of petroleum and bituminous mineral oils in Central America Al September 30th, 2019  

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Guatemalan Companies, Main Buyers
From January to June 2019, the main buyer of petroleum oils and bituminous minerals in Central America continued to be Guatemala with $1.321 million, followed by Panama with $1.088 million, Costa Rica with $799 million, Honduras with $797 million, El Salvador with $627 million and Nicaragua with $475 million.

Regional Business Upwards
Between the first six months of 2018 and the same period of 2019, the imported value registered a slight decrease of 0.3%, dropping from $5.122 million to $5.105 million.

For the periods in question, purchases from companies in the U.S. decreased by 3%, going from $3,803 million to $3,684 million.

U.S. Companies, Top Suppliers
From January to June 72% of the value purchased by Central America came from the U.S., 15% from the Panama Free Zone, 5% from Ecuador and 1% from the Netherlands.

The U.S. is the source market for imports that has grown the most in the months in question of the last eight years, as in 2012 represented 56% of total purchases and in 2019 grew to 72%.

Note: For this report, prepared by CentralAmericaData, SIECA data were used.

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February 2020

From January to September 2019, companies in the region bought oil abroad for Ch$7,392 million, 3% less than in the same period in 2018, mainly due to the drop in imports from Panama and Nicaragua.

Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]

Petroleum Oils: More Business at the Beginning of 2019

August 2019

Between January and March, the value of imported petroleum oils in the region totaled $2.343 million, 4% more than what was reported in the same period of 2018.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]

Petroleum Oils: Purchases up 25%

March 2019

In the first nine months of 2018, countries in the region imported petroleum oils for $7,598 million, 25% more than in the same period in 2017, a rise explained by purchases from the U.S.

Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Petroleum oils: Imports Increase 23%

October 2018

During the first half of this year, countries in the region imported petroleum oils for $5.122 million, 23% more than in the same period in 2017.

Figures from the information system Market of Petroleum Oils and Bituminous Mineral in Central America, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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