Electrical Cables: Purchases to Mexico Fall 24%

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.

Friday, October 16, 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 seven months of 2020, companies in Guatemala and Nicaragua decreased their purchases of electrical conductors from Mexican companies, reporting -1.5% and -17% year-on-year variations, respectively.

In the case of Costa Rica, El Salvador, Honduras and Panama for the period in question, imports from Mexico decreased to a greater extent, registering variations with respect to the same period in 2019 of -28%, -29%, -32% and -56%, in that order.

Nicaragua, Main buyer of Mexican Cable
From January to July of this year the main Central American buyer of electrical cables to Mexico was Nicaragua, with $49 million, followed by Honduras, with $37 million and Guatemala, with $28 million.

As of the seventh month, imports from El Salvador amounted to $16 million, those from Costa Rican companies added up to $12 million and those from Panamanian companies added up to $7 million.

Decrease in Central American Purchases to Mexico
Between the first seven months of 2019 and the same period in 2020, the value imported by countries in the region fell by only 24%, from $197 million to $149 million.

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

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From January to March 2020, Central American companies imported $22 million in electrical cables and wires, and purchases from China increased by 13% compared to the same period in 2019.

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

Electrical Cables: $100 million Purchases from Mexico

July 2020

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.

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

Electrical Cables: Business with U.S. Up 23%

September 2019

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: Central American Imports

August 2018

In the first quarter of the year, countries in the region imported $169 million worth of electrical wires and cables, and 48% were purchased by companies in Nicaragua and Costa Rica.

Figures from the information system on the Market for Wires, Cables and Other Electricity Conductors in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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