Electrical Cables: $100 million Purchases from Mexico

From January to April 2020, companies in Central America imported $106 million of electrical wire and cable from Mexico, and 62% of the total was purchased by companies in Nicaragua and Honduras.

Friday, July 17, 2020

Central American imports of electric cables from Mexico Al July 31st, 2020  

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Variation of Imports by Market
During the first quarter of 2020, companies in Guatemala, Nicaragua and Honduras increased their purchases of electrical conductors from Mexican companies, reporting 14%, 10% and 7% year-on-year variations, respectively.

In the case of El Salvador, Costa Rica and Panama for the period in question, imports from Mexico fell, recording variations over the same period in 2019 of -1%, -37% and -46%, in that order.

Nicaragua, Main Buyer of Mexican Cables
In the first four months of 2020, the main Central American buyer of electrical cables from Mexico was Nicaragua, with $35 million, followed by Honduras, with $30 million, and Guatemala, with $17 million.

As of April this year, imports from El Salvador amounted to $11 million, those of Costa Rican companies added $7 million and those of Panamanian companies $6 million.

Slight Fall in Central American Purchases from Mexico
Between the first four months of 2019 and the same period in 2020, the value imported by countries in the region fell by just 1%, from $107 million to $106 million.

Although purchases decreased slightly, Central America is the second most important market for Mexican electrical cables, as it is only surpassed by the U.S. in terms of imports.

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Electrical Cables: Purchases to Mexico Fall 24%

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From January to July 2020, Central American companies imported $149 million in wire and cable from Mexico, 24% less than in the same period in 2019, a drop that is explained by the decrease in purchases in all markets in the region.

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

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From January to March 2019, Central American companies imported $133 million in electrical wires and cables, and purchases from the U.S. increased 23% over the same period in 2018.

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

Electric Cables: $400 Million Market

April 2019

In the first nine months of 2018, Central American countries imported $399 million in electrical wires and cables, and 50% were bought by companies in Costa Rica and Guatemala.

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

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