Tires: Slight Fall in Imports in 2018

Last year, companies from Central American countries imported new tires for $444 million, 2% less than what was reported in 2017.

Tuesday, July 16, 2019

Neumatic Tire Market Imports in Central America Al December 31st, 2018  

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Figures from the Trade Intelligence Unit at CentralAmericaData: Click to interact with graphicsClick to interact with graphics

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Guatemalan Companies, Main Buyers
During 2018, the main importer of new pneumatic tires in Central America was Guatemala, with $126 million, followed by Costa Rica, with $85 million, Panama, with $82 million, Honduras, with $65 million, El Salvador, with $45 million, and Nicaragua, with $40 million.

Regional Business: Slight Decrease
Between 2017 and 2018 the value imported into Central America had a negative variation, falling from $450 million to $444 million.

Contrary to the behavior of purchases in general, for the periods concerned, imports from China increased 3%, from $223 million to $229 million.

Main Suppliers
Last year, 52% of the value imported into the region came from China, 5% from Japan, 5% from the U.S., 3% from Brazil and 3% from Thailand.

China is the market origin of imports that has grown the most over the last seven years, since in 2012 represented 32% of total imports in the region and in 2018 that proportion rose to 52%.

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

More on this topic

Tires: More Business with Thailand

April 2019

Between January and September 2018, countries in the region imported $323 million in new tires, and purchases from companies in Thailand increased 19% over the same period in 2017.

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

Car Batteries: Central America's Business

October 2018

The countries of the region imported batteries for vehicles for $50 million in the first quarter of 2018, and 60% was purchased by companies in Guatemala, Costa Rica and Panama.

Figures from the information system on the Market for Electric Lead Accumulators to Start Piston Engines in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Tires: Market Figures in Central America

September 2018

In the first three months of the year, Central American countries imported $105 million worth of new tires, and 64% was purchased by companies in Guatemala, Costa Rica and Panama.

Figures from the Information System on the Neumatic Tire Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] 

Costa Rica Imports More Auto Parts from Japan

September 2018

In the first quarter of the year the country reported nearly $50 million in purchases of vehicle parts, and imports from Japan grew by 3% compared to the same period in 2017.

Figures from the information system on the Vehicle Parts and Accessories Market in Costa Rica, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] 

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