Steel Sheets: Business with South Korea Doubles

In the first nine months of 2020, Central American imports of iron and steel sheets totaled $521 million, and purchases from Korean companies increased by 108% over what was reported in the same period of 2019.

Tuesday, April 20, 2021

Import of iron and steel sheets in Central America Al September 30th, 2020  

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

Explore the data in the interactive display.

Regional Business Downward
Between January-September 2019 and the same period in 2020, the value imported into the region decreased 18%, falling from $634 million to $521 million.

In contrast to the behavior of imports in general, for the periods in question, purchases from companies in South Korea doubled, going from $14 million to $28 million.

Honduras, Main Importer
In the first nine months of 2020 the main buyer of iron and steel sheets in Central America was Honduras, with $140 million, followed by Costa Rica, with $103 million, Guatemala, with $102 million, El Salvador, with $81 million, Panama, with $48 million and Nicaragua, with $47 million.

From January to September 2020, purchases of Nicaraguan companies increased 6% in interannual terms. Guatemalan imports fell 11%, Honduran imports 16%, Costa Rican imports 20%, Salvadoran imports 24% and Panamanian imports 36%.

Origin of Imports
From January to September 2020, 48% of the value purchased by Central America came from China, 18% from Japan, 5% from South Korea, 4% from Mexico and 2% from India.

China is the market of origin of imports that has grown the most for the months in question in recent years, since in 2012 it represented 20% of total purchases and in 2020 it grew to 48%.

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During 2020, imports of aluminum and its manufactures in Central America totaled $480 million, 19% less than what was reported in 2019, a drop that is explained by the decline in purchases from all markets in the region.

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

Steel Sheets: More Regional Purchases in 2018

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During the last year, imports of iron and steel sheets in the countries of the region totaled $941 million, 13% more than in 2017, a rise explained by purchases made from companies in China.

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

Steel Sheets: Regional Business Increases to 9%

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In the first nine months of 2018, purchases of iron and steel sheets in the countries of the region totaled $718 million, 9% more than in the same period in 2017.

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

Metal Products: Trade Between Mexico and Central America

April 2018

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

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