Pharmaceuticals: Which Markets are Growing the Most?

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.

Tuesday, February 18, 2020

Pharmaceutical Imports in Central America Al December 31st, 2020  

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Costa Rican Companies: Main buyers
From January to September 2019, the main buyer of pharmaceutical products in Central America was Costa Rica with $611 million, followed by Panama with $524 million, Guatemala with $489 million, Honduras with $381 million, El Salvador with $346 million and Nicaragua with $269 million.

Regarding the year-on-year variation in purchases abroad, for the period in question El Salvador reported a 28% increase, followed by Panama with 19%, Costa Rica with 7%, Guatemala with 3% and Honduras with 0.8%. Nicaragua was the only market in the region to register a negative variation, of -6%.

Regional Business Upwards
Between the first nine months of 2018 and the same period in 2019, the value of pharmaceutical products imported into Central America registered a positive variation, rising from Ch$2,418 million to Ch$2,614 million.

For the periods in question, regional purchases from India increased by 19%, from $134 million to $159 million.

U.S. and Germany: Main Suppliers
Between January and September 2019, 9% of the value imported from Central America came from the USA, 9% from Germany, 8% from Mexico, 6% from India, 5% from Spain and 4% from Colombia.

Germany is the country of origin of Central American imports that has grown the most in the period in question over the last eight years, since in 2012 it represented 4% of the total value purchased, and in 2019 it rose to 9%.

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

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More on this topic

Pharmaceuticals: Purchases Exceed $2.6 Billion

March 2021

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.

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

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: Regional Business Keeps Rising

February 2019

In the first nine months of last year, imports of pharmaceutical products in Central America totaled $2,418 million, 4% more than in the same period in 2017.

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

Figures from the Pharmaceutical Market in Central America

November 2017

In the first half of 2017, Central American countries imported $1.533 billion worth of pharmaceutical products, and imports from Germany grew by 11% compared to the same period in 2016.

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

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