Pharmaceuticals: Purchases Exceed $2.6 Billion

From January to September 2020, Central American imports of pharmaceutical products totaled $2.625 billion, an amount that exceeds by just 0.4% what was reported in the same period of 2019.

Wednesday, March 3, 2021

Pharmaceutical Imports in Central America Al December 31st, 2020  

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Figures from the Trade Intelligence Unit of CentralAmericaData: Click to interact with the graphClick to interact with the graph

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Costa Rican Companies: Main Buyers
From January to September 2020 the main buyer of pharmaceutical products in Central America was Costa Rica, with $633 million, followed by Guatemala, with $503 million, Panama, with $464 million, Honduras, with $390 million, El Salvador, with $339 million and Nicaragua, with $296 million.

Regarding the year-on-year variation of purchases abroad, for the period in question, Nicaragua reported a 10% increase, followed by Costa Rica, with 4%, and Guatemala and Honduras, with 3% each.

El Salvador and Panama were the markets in the region that recorded negative variations, which amounted to -2% and -12%, in that order.

Slight Decline in Regional Business
Between the first nine months of 2019 and the same period of 2020, the imported value of pharmaceutical products in Central America registered a slight positive variation, going from $2,614 million to $2,625 million.

For the periods in question, regional purchases from Spain increased by 13%, from $124 million to $140 million, and imports from Mexico increased by 2%, from $220 million to $226 million.

Germany and Mexico: Main Suppliers
Between January and September of last year, 9% of the value of imports from Central America came from Germany, 9% from Mexico, 8% from the USA, 5% from Spain, 5% from India and 4% from Switzerland.

Germany is the country of origin of Central American imports that has grown the most in the period in question in recent years, since in 2012 it represented 4% of the total value purchased, and in 2020 it rose to 9%.

Note: For this report, prepared by CentralAmericaData, SIECA data were used.

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More on this topic

Pharmaceuticals: How do Markets Behave?

December 2020

Nicaragua, Costa Rica and Guatemala are the Central American markets that during the first half of 2020 and in year-on-year terms, increased their imports of pharmaceutical products.

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

Pharmaceuticals: Which Markets are Growing the Most?

February 2020

From January to September 2019, pharmaceutical product imports in Central America totaled $2.614 million, 8% more than in the same period in 2018, with El Salvador, Panama and Costa Rica being the markets where purchases increased the most.

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

Pharmaceutical Market Figures in Costa Rica

July 2018

From January to March of this year, companies in Costa Rica imported $170 million worth of pharmaceutical products, 7% less than in the same period in 2017, and 30% came from the USA and Germany.

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

Pharmaceutical Products: Central American Market Figures

June 2018

In 2017, Central American countries imported $3.171 billion worth of pharmaceutical products, of which 44% were purchased by companies in Costa Rica and Guatemala.

Figures from the information system on the Pharmaceutical Products Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

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