Pharmaceuticals: Purchases Down

By 2021, there will be a reduction in the import of pharmaceutical products containing insulin at the Central American level by 44%, equivalent to $1,948 million, with Costa Rica being the main buyer with $10 million.

Monday, July 4, 2022

Pharmaceutical Imports in Central America Al December 31st, 2021  

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

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Costa Rican Companies: Main Buyers
In 2021, the main buyer of pharmaceutical products in Central America was Costa Rica with $10 million, followed by Honduras with $9 million, Guatemala with $7 million, El Salvador with $5 million, Nicaragua with $3 million and Panama with $2 million.

Regarding the year-on-year variation of purchases abroad, for the period in question Central America reported an increase, El Salvador with 35.69%, followed by Honduras with 22.22%, Guatemala with 9.29%, Panama with 8.23%, Nicaragua with 4.21% and Costa Rica with 2.28%.

Decline in Regional Business
Between 2020 and 2021, the imported value of pharmaceutical products in Central America registered a negative variation of 44.37%, falling from $3,501.8 million to $1,948 million.

Following the behavior of the decline in imports in general, for the periods in question, regional purchases from the United States fell by 58.17%, from $295 million to $171.6 million.

Germany and Mexico: Main Suppliers
For 2021, 8.81% of the value imported from Central America came from Germany, 8.06% from Mexico, 7.45% from Panama, 6.88% from the U.S. and 6.36% from India.

Germany is the country of origin of Central American imports that has grown the most in the period in question over the last ten years, since in 2012 it represented 4.25% of the total value purchased and in 2021 it rose to 8.81%.

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