Rice: Regional Imports Fall 22%

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.

Thursday, February 27, 2020

Import of rice in Central America Al September 30th, 2021  

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Costa Rica, Main Buyer
From January to September 2019 the main importer of rice in Central America was Costa Rica, with $57 million, followed by Panama, with $38 million, Honduras, with $34 million, Guatemala and Nicaragua, with $31 million each, and El Salvador, with $19 million.

In terms of the year-on-year change in purchases, most countries recorded declines. In Panama, imports fell 46%, while in El Salvador 30%, in Nicaragua 17% and in Guatemala 5%. Honduras and Costa Rica were the only markets that reported increases in rice imports, in this case 54% and 6%, respectively.

Regional Business on the Rise
Between the first nine months of 2018 and the same period in 2019 the value of rice imports recorded a decrease of 22%, from $254 million to $198 million.

Origin of imports
From January to September 2019, 62% of the value imported from Central America came from the United States, 12% from Argentina, 7% from Guyana, 6% from Uruguay and 4% from Brazil.

For the period in question of the last eight years, Argentina is the market of origin of the imports that has grown the most, since in 2012 no purchases were recorded in the region and in 2019 it accounted for 12% of Central American purchases.

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

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

Rice: $51 Million in Regional Purchases

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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"]

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In the first three months of 2019, rice imports in Central America totaled $56 million, 12% less than in the same period in 2018.

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