Car Batteries: Business with South Korea Increasing

From January to September 2020, Central American imports of vehicle batteries totaled $155 million, and purchases from Korean companies increased 27% compared to the same period in 2019.

Thursday, April 8, 2021

Central American imports of electric accumulators Al March 31st, 2021  

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Figures from the Trade Intelligence Unit of CentralAmericaData: Click to interact with the graphClick to interact with the graph

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Variation in Regional Imports.
Between January-September 2019 and the same period in 2020 the imported value of car batteries in Central America fell 7%, going from $168 million to $155 million.

For the period in question Honduras and El Salvador were the markets in the region that increased their imports, with year-on-year increases of 11% and 6%, respectively.

Nicaragua, Guatemala, Costa Rica and Panama reduced their purchases by 3%, 5%, 12% and 33%, in that order.

Imports by Country
In the first nine months of 2020, the main buyer was Guatemala, with $40 million, followed by Costa Rica, with $30 million, Honduras, with $27 million, El Salvador and Panama, with $21 million each, and Nicaragua, with $17 million.

Origin of Imports
As of September 2020, 39% of the value of imports in the region came from Mexico, 16% from China, 15% from the U.S., 14% from South Korea, 4% from Colombia and 1% from Hong Kong.

The U.S. is the market of origin of imports that has decreased the most for the period from January to September in recent years, since in 2012 it represented 26% of Central America's total purchases, and in 2020 that proportion fell to 15%.

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More on this topic

Car Batteries: Business with South Korea Rising

July 2021

During 2020, Central American imports of vehicle batteries totaled $211 million, and purchases from Korean companies increased by 27% over 2019.

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

Car Batteries: How are the Markets Performing?

January 2021

In the first half of 2020, imports of vehicle batteries in El Salvador, Nicaragua and Guatemala increased in year-on-year terms, and in Honduras, Costa Rica and Panama there were decreases.

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

Car Batteries: Regional Market Figures

October 2020

In the first quarter of the year, Central American countries imported vehicle batteries for $57 million, and 57% was purchased by companies in Guatemala and Costa Rica.

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

Car Batteries: More Imports from Japan

April 2019

In the first nine months of 2018, countries in the region imported $150 million in vehicle batteries, and business purchases in Japan grew 5% over the same period in 2017.

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

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