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 December 31st, 2021  

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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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In the first half of 2018, countries in the region imported $103 million in tires for buses and trucks, 7% less than reported in the same period in 2017.

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

Truck Tire Market in Central America

April 2018

In the first nine months of 2017, Central American companies imported $167 million worth of tires for trucks and buses, 4% more than in the same period in 2016.

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"]