Auto Parts: Regional Market Increases to 6%

In the first quarter of 2019, the region imported vehicle parts and spare parts for an amount close to $288 million, 6% higher than reported in the same period of 2018.

Monday, October 21, 2019

Autoparts Imports in Central America Al June 30th, 2019  

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

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Business in Central America slightly grew
According to estimates by CentralAmericaData, between the first quarter of 2018 and the same period of 2019 the value imported of vehicle parts and spare parts in Central America registered a 5.6% variation, going from $272 million to $288 million.

For the quarter in question of the last seven years the region has reported a sustained rise in imports, recording a 10% average growth.

Guatemala and Panama, Main Buyers
The main importer in the region remained Guatemala with $79 million, followed by Panama with $70 million, Costa Rica with $46 million, El Salvador with $41 million, Honduras with $38 million, and Nicaragua with $14 million.

When separating the region between the Northern Triangle and the southern markets, the figures show that companies in Guatemala, El Salvador and Honduras concentrate 55% of regional imports.

Nicaragua, Costa Rica and Panama account for the remaining 45%.

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

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More on this topic

Auto Parts: $1.1 Billion in Business

August 2019

In 2018, the region imported parts and vehicle spare parts for a sum close to $1.1 billion, of which 65% were purchased by companies in Guatemala, Costa Rica and Panama.

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

Auto Parts: Regional Market up to September 2018

March 2019

In the first nine months of 2018, the region imported parts and vehicle spare parts worth nearly $830 million, and 49% were bought by Guatemalan and Panamanian companies.

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

Auto Parts: Regional Market Up 4%

January 2019

In the first six months of 2018, the region imported vehicle parts and spare parts worth nearly $560 million, 4% more than it purchased in the same period in 2017.

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

Automotive parts: Market Figures up to March 2018

October 2018

The region imported vehicle parts and spare parts for about $270 million in the first three months of the year, and 65% was purchased by companies in Guatemala, Costa Rica and Panama.

Figures from the Central American Vehicle Parts Market information system from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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