Nicaragua: Auto Parts Market Falls 15%

From January to September 2019, imports of spare parts and vehicle parts in Nicaragua totaled nearly $41 million, 15% less than in the same period in 2018.

Thursday, February 6, 2020

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

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Variation of imports
According to CentralAmericaData's estimates, between January and September 2018 and the same period in 2019 the value of imported vehicle parts and replacements in Nicaragua registered a decrease from $48 million to $41 million.

The decline reported in the first nine months of 2019 reinforces the downward trend recorded in the same period of previous years, since in 2017 and 2018 the year-on-year falls in imports were 2% and 19%, respectively.

Origin of Imports
In the first nine months of 2019, 21% of the value imported by companies in Nicaragua came from Japan, 18% from the USA, 17% from China, 11% from Thailand and 9% from South Korea.

Mexico is the country of origin of Nicaraguan imports that has grown the most for the period in question over the last eight years, since in 2012 it represented 3% of the total value purchased, and in 2019 it rose to 6%.

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

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

Auto Parts: Regional Market Up 4%

January 2019

In the first six months of 2018, the region imported vehicle parts and spare parts worth nearly $560 million, 4% more than it purchased in the same period in 2017.

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

Auto parts: Nicaraguan Market Up 8%

September 2018

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"] 

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