Electrical Generators: Regional Imports Fall 40%

In the first three months of 2020, Central American companies bought electric motors and generators abroad for $29 million, 39% less than what was reported for the same period in 2019.

Wednesday, September 16, 2020

Import of electric motors and generators in Central America Al March 31st, 2020  

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Central American Companies Buy Less
Between the first three months of 2019 and the same period in 2020, the total value of electric motors and generators imported into Central America registered a 39% decrease, dropping from $48 million to $29 million.

Four of the six countries recorded year-on-year increases in their purchases. In Panama imports increased 59%, in Guatemala 38%, in Nicaragua 30% and in Honduras they varied by only 1%.

Costa Rica and El Salvador registered negative variations, which amounted to -15% and -80%, respectively.

Guatemala, Main Importer
From January to March 2020 the main buyer of electric motors and generators in Central America was Guatemala, with $9 million, followed by El Salvador, with $6 million, Panama, with $5 million, Costa Rica, with $5 million, Honduras, with $3 million and Nicaragua, with $1.2 million.

Most Important Suppliers
As of March 2020, 30% of the value imported from Central America came from the United States, 24% from Spain, 15% from China, 5% from Taiwan, 5% from Mexico, 3% from Germany and 3% from Brazil.

Spain is the country of origin of Central American imports that has grown the most for the period in question in the last eight years, since in 2012 it represented 1% of the total value purchased and in 2020 it reached 24%.

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More on this topic

Electrical Generators: Market Study

April 2020

In the first nine months of 2019, the region's companies bought electric motors and generators abroad for $127 million, 35% less than what was reported for the same period in 2018.

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

Electric Generators: More Purchases in El Salvador and Panama

December 2019

In the first half of 2019, purchases of electric motors and generators in the region totaled $84 million, and imports made by companies in El Salvador and Panama grew 80% and 35%, respectively.

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

Electric Generators: Salvadoran Market Figures

September 2018

In the first three months of 2018 imports of electric motors and generators added up to $16 million, a figure that is triple the $5 million that the Central American country bought in the same period in 2017.

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

Central America Buys More Electric Generators

May 2018

In 2017, purchases of electric motors and generators from Central American countries totaled $152 million, which represents an increase of 3% compared to the previous year.

Figures from the information system on the Electric Motors and Generators Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"]

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