Car Batteries: Business with South Korea Rising

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

Thursday, July 1, 2021

Central American imports of electric accumulators Al December 31st, 2020  

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

Explore the data in the interactive visualization.

Variation of Regional Imports
Between January and December 2020, the imported value of car batteries in Central America fell 6%, from $224 million to $211 million.

For last year, Honduras and El Salvador were the markets in the region that increased their imports, with year-on-year increases of 10% and 8%, respectively.

Nicaragua, Guatemala, Costa Rica and Panama reduced their purchases by 1%, 3%, 12% and 30%, in that order.

Imports by Country
In 2020, the main buyer was Guatemala, with $55 million, followed by Costa Rica, with $40 million, Honduras, with $36 million, El Salvador with $30 million, Panama with $27 million and Nicaragua with $22 million.

Origin of Imports

Last year, 41% of the value of imports in the region came from Mexico, 16% from the USA, 15% from China, 13% from South Korea, 5% from Colombia and 1% specifically from Hong Kong.

The U.S. is the market of origin of imports that has decreased the most by 2020; of the last few years, since in 2012 it represented 26% of Central America's total purchases, and in 2020 that proportion fell by 10%.

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More on this topic

Car Batteries: Business with South Korea Increasing

April 2021

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.

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: Market Figures up to June 2018

January 2019

In the first half of 2018, countries in the region imported $105 million worth of vehicle batteries, 8% more than what was purchased in the same period in 2017.

Figures from the information system Market for Electric Lead Accumulators for Starting Plunger Engines in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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