Spare Parts: Regional Business Figures

In the first quarter of 2020, the region imported vehicle parts and spare parts for an amount of approximately $267 million, 7% less than that recorded in the same period of 2019, a decrease that is mainly explained by the behavior of purchases by Panamanian companies.

Monday, October 26, 2020

Autoparts Imports in Central America Al March 31st, 2020  

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Business in Central America Downwards
According to CentralAmericaData's estimates, between the first quarter of 2019 and the same period of 2020 the value of imported vehicle parts and spare parts in Central America registered a variation of -7%, going from $288 million to $267 million.

According to the report, from January to March, Panama's purchases decreased 35% in annual terms, Honduras' dropped 2% and Guatemala's dropped 1%.

For the period in question, El Salvador's imports increased by 9%, Nicaragua's by 6% and Costa Rica's by 1%.

Guatemala and Costa Rica, the main buyers
The main importer in the region continued to be Guatemala with $79 million, followed by Costa Rica with $46 million, Panama with $45 million, El Salvador with $44 million, Honduras with $38 million and Nicaragua with $15 million.

When separating the region between the Northern Triangle and the southern markets, the figures show that companies in Guatemala, El Salvador and Honduras concentrate 60% of regional imports.

Nicaragua, Costa Rica and Panama, on the other hand, account for the remaining 40%.

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

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More on this topic

Auto Parts: Regional Market up to September 2018

March 2019

In the first nine months of 2018, the region imported parts and vehicle spare parts worth nearly $830 million, and 49% were bought by Guatemalan and Panamanian companies.

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

Auto Parts: Regional Market Up 4%

January 2019

In the first six months of 2018, the region imported vehicle parts and spare parts worth nearly $560 million, 4% more than it purchased in the same period in 2017.

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

Autoparts Business Growing in Central America

May 2018

In 2017, the region imported close to $1.1 billion worth of spare parts and vehicles, 5% more than was bought in 2016.

Figures from the information system on the Market for Spare Parts for Vehicles in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA Caption = "Click to interact with graph"]

Autoparts in Central America: a $1 Billion Market

July 2017

In 2016, the region imported close to $1.043 billion worth of spare and replacement parts for vehicles, 8% more than what was purchased in 2015.

Figures from the information system 'Market for Spare Parts for Vehicles in Central America', prepared by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]

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