Import of auto parts in Panama Al September 30th, 2019  

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Figures from the information system on the Vehicle Parts and Accessories Market in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: Click to interact with graphClick to interact with graph 

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Variation of imports
According to estimates by CentralAmericaData, between the first quarter of 2017 and the same period in 2018 the import value of accessories and spare parts for vehicles in Panama registered a decrease of 3%, falling from $54 million to $53 million.

During the periods in question, purchases from China increased, rising from $5.6 million to $6.3 million.

Origin of imports 
From January to March 2018, 22% of the value imported by companies in Panama came from the USA, 17% from the Panama Free Trade Zone, 12% from China, 10% from South Korea and 10% from Japan. 

The USA is the country of origin of imports from Panama that decreased the most in the first quarter of the last seven years, as in 2012 it represented 18% of the total value purchased, and in 2018 that figure dropped to 10%.

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In the first half of last year, imports of vehicle parts in Honduras totaled nearly $76 million, representing a decrease of 2% over the same period in 2018.

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

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In the first quarter of the year, the country reported nearly $20 million in purchases of vehicle parts, 8% more than in the same period in 2017.

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

Costa Rica Imports More Auto Parts from Japan

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Figures from the information system on the Vehicle Parts and Accessories Market in Costa Rica, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] 

Panama and the Auto Parts Trade

April 2017

Between January and September 2016 the value of imports of vehicle parts and accessories from the USA fell by 7% compared to the same period in 2015.

Figures from the Information System on the Market for Vehicle Parts and Accessories in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]