Rice: More Business with South America

During 2020, Central American rice imports amounted to $388 million, and purchases from Brazil, Uruguay and Paraguay increased in year-on-year terms by 751%, 330% and 218%, respectively.

Wednesday, June 23, 2021

Import of rice in Central America Al March 31st, 2021  

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Panama, Main Buyer
During 2020, the main importer of rice in Central America was Costa Rica, with $88 million, followed by Guatemala, with $70 million, Honduras, with $69 million, Panama, with $59 million, Nicaragua, with $58 million and El Salvador, with $45 million.

Regarding the year-on-year variation of purchases, all countries recorded increases. In Guatemala, imports increased 60%, while in El Salvador 52% and in Panama 44%.

Last year in Honduras, Costa Rica and Nicaragua rice imports increased 21%, 14% and 13%, respectively.

Regional Business Upwards
Between 2019 and 2020 the imported value of rice in the region registered a 50% increase, going from $298 million to $388 million.

For the years under analysis, purchases from companies in Brazil, Uruguay and Paraguay increased by 751%, 330% and 218%, in their order. In the case of business with U.S. companies, purchases decreased by 12%.

USA and Uruguay, Main Suppliers
During 2020, 47% of the value imported from Central America came from the USA, 21% from Brazil, 18% from Uruguay, 6% from Paraguay, 2% from Taiwan, 1% from China, 1% from Argentina, 1% from Mexico and 1% from Guyana.

In recent years Brazil is among the markets of origin of imports that have grown the most, since in 2015 regional purchases from the South American country accounted for 14% of the total and in 2020 the proportion rose to 21%.

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More on this topic

Rice: Business with Brazil Increases

April 2021

From January to September 2020 Central America allocated $298 million to rice imports, and purchases from Brazil increased 808% compared to 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"]

Rice: $51 Million in Regional Purchases

October 2020

Between January and March 2020, Central America allocated $51 million to rice imports, 9% less than in the same period in 2019, with Costa Rica and Nicaragua being the markets that registered the most significant reductions.

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

Rice: Regional Imports Fall 22%

February 2020

Between January and September 2019, Central America allocated $198 million to rice imports, 22% less than in the same period in 2018, with Panama and El Salvador being the markets that recorded the most significant reductions.

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

Rice: Purchases Up 34% in 2018

June 2019

Last year, foreign purchases of rice by companies in Central America totaled $356 million, 34% more than in 2017.

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

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