Central America: Truck Tire Purchases Up 3%

Last year, countries in the region imported $224 million worth of bus and truck tires, registering an increase of 3% compared to the figures in 2016.

Friday, July 13, 2018

Import of bus and truck tires in Central America Al September 30th, 2022  

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Figures from the information system of the New Tire Market for Trucks and Buses in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: Click to interact with graphClick to interact with graph

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Imports by country 
In 2017, the main importer of tires for buses and trucks in Central America was Guatemala, with $68 million, followed by Costa Rica, with $42 million, Honduras, with $38 million, Nicaragua with $32 million, El Salvador with $24 million and Panama with $21 million. 

Variation of regional imports 
Between 2016 and 2017 the value imported into the region registered growth of 3%, increasing from $218 million to $224 million.

The increase recorded last year confirms the upward trend seen in purchases abroad, as between 2013 and 2017 there was an average annual increase of 5%.

Origin of imports 
In 2017, 60% of the value imported from Central America came from China, 6% from Japan, 5% from the US, 4% from Brazil, 3% from South Korea and 2% from Mexico.

China is the market origin of imports that has grown the most in the last six years, as in 2012 it represented 42% of regional purchases and in 2017 that proportion rose to 60%.

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

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

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

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Figures from the information system on the New Tire Market for Trucks and Buses in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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