Footwear: Purchases to Mexico Fall 5%

From January to July 2020, Central American companies imported $11 million in footwear and parts from Mexico, 5% less than in the same period in 2019, a decrease that is explained by the behavior of purchases by Panamanian and Guatemalan companies.

Tuesday, October 27, 2020

Central American footwear imports from Mexico Al July 31st, 2020  

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Variation of Imports by Market
During the first seven months of 2020 only companies in El Salvador increased their footwear purchases from Mexican companies, reporting a 130% year-on-year variation.

In the case of Nicaragua, Honduras and Costa Rica, for the period in question imports from Mexico decreased, registering variations with respect to the same period in 2019 of -15%, -26% and -27%, in that order.

For the months under analysis, purchases by Guatemalan companies fell by 37% and those of Panama by 38%.

El Salvador, Main Buyer of Mexican Footwear
In the first seven months of 2020 the main Central American buyer of footwear and parts to Mexico was El Salvador, with $4.7 million, followed by Guatemala, with $3 million and Costa Rica, with $1.3 million.

As of July of this year Panama's imports amounted to $1.1 million, those of Honduran companies to $500 thousand and those of Nicaraguan companies to $400 thousand.

Central American Purchases to Mexico, Downwards
Between the first seven months of 2019 and the same period in 2020, the value imported by the countries of the region fell by 5% from $11.6 million to $11 million.

Central America is the second most important market for Mexican footwear products, as it is only surpassed by the United States in terms of imports.

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

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

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Figures from the information system of the Footwear Market and Related Parts in Central America, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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Figures from the information system on the Market for Footwear and Parts in El Salvador, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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