More Chinese Electric Transformers in the Region

In the first quarter of 2019, countries in the region imported electric transformers for $83 million, and purchases from companies in China increased 18% over the same period in 2018.

Monday, October 28, 2019

Import of transformers and electric converters in Central America Al March 31st, 2019  

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Panamanian Companies, Main Buyers
In the first three months of 2019, the main importer was Panama, with $27 million, followed by Costa Rica, with $16 million, Guatemala and Honduras, with $14 million, El Salvador, with $8 million and Nicaragua, with $4 million.

Slight Increase in Central American Purchases
Between January and March 2018 and the same period in 2019, the imported value of electrical transformers and converters and reactance coils in Central America recorded a 2% increase from $81 million purchased to $83 million.

For the periods concerned, purchases from Chinese companies increased from $13 million to $16 million.

Origin of Imports
From January to March of this year, 30% of the value imported from Central America came from the U.S., 19% from China, 11% from South Korea, 8% from Mexico, 4% from Colombia and 3% from South Africa.

China is the market of origin of imports that has grown the most in the first quarter of the last eight years, since in 2012 represented 10% of total imports in the region and this year rose to 19%.

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

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Electric Transformers: Imports up 6%

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In the first half of the year, Central American countries invested $164 million in purchasing electric transformers for $164 million, equivalent to a 6% increase over the same period in 2017.

Figures from the information system on the Transformers and Electrical Converters and Reactance Coils Market in Central America complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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