Cell Phones: China Becomes the Main Supplier in the Region

For the third quarter of 2021, there is a slight growth in purchases made in Central America, reaching almost $100 million, with Chinese companies cornering the market by 35% by selling $346 million.

Monday, June 13, 2022

Mobile Phone Market Imports in Central America Al September 30th, 2021  

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Guatemalan Companies, Main Buyers
From January to September 2021, the main buyer of cell phones in Central America was Guatemala with $379 million, followed by Costa Rica with $200 million, Honduras with $99 million, Panama with $46 million and Nicaragua with $19 million, finally, Salvadoran companies did not present movements in cell phone acquisition.

Between the third quarter of 2020 and the same period of 2021, imports in the region increased, reporting an increase of 65% in Panama, 31% for Honduras, Nicaragua with 22%, Guatemala with 16% and Costa Rica with 3%.

Change in Regional Business
For the third quarter of 2020 and the same period of 2021 the value imported in the region increased by 13%, growing from $880 million to $999 million.

For the periods in question, purchases from Vietnam increased disproportionately, rising from $0.1 million for the third quarter of 2020 to $258.1 million in 2021.

Origin of Imports
From January to September 2021, 35% of the value imported into the region came from China, 26% from Vietnam, 18% from the U.S., 17% from Hong Kong.

China is another of the countries of origin of Central American imports that has grown the most, since in the first half of 2012 it represented 29% of the total value purchased and in 2021 it rose to 35%.

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