Insulin: Business with Denmark up 11%

During 2020, Central America's imports of pharmaceutical products containing insulin totaled $35 million, and purchases from Danish companies increased 11% over what was reported in 2019.

Tuesday, June 15, 2021

Insulin imports in Central America Al December 31st, 2020  

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Regional Business Still Rising
Between 2019 and 2020, the imported value of insulin in Central America registered a slight increase, growing from $34.9 million to $35.2 million.

This increase complements the year-on-year rises reported in 2018 and 2019.

Guatemala, Main importer
Last year the main buyer of the drug in question was Costa Rica, with $9.6 million, followed by Honduras, with $9.3 million, Guatemala, with $7 million, El Salvador, with $5.2 million, Nicaragua, with $2.7 million, and Panama, with $1.5 million.

Between 2019 and 2020, purchases from Panamanian companies grew 33%, those from Honduran companies increased 23% and in Guatemala imports increased 4%.

Salvadoran imports fell 6%, Costa Rican imports decreased 9% and Nicaraguan imports decreased 22% for the years under analysis.

Main Sellers
In 2020, 37% of the value of imports in the region came from Denmark, 24% from Germany, 8% from Mexico, 7% from France, 7% from the USA and 6% from India.

Denmark is the import source market that has grown the most in recent years, accounting for 10% of Central America's total purchases in 2017, and in 2020 that share rose to 37%.

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

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

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

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