Tractor Purchases Still Down

In the first six months of 2019, Central American countries spent $54 million to import tractors, and purchases from companies in the U.S. and Mexico fell in year-on-year terms by 42% and 14%, respectively.

Monday, January 20, 2020

Tractor Imports in Central America Al December 31st, 2020  

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Imports by Country
From January to June 2019, the main buyer of tractors in Central America was Guatemala with $15 million, followed by Honduras with $14 million, Costa Rica with $9 million, Panama with $8 million, El Salvador with $6 million and Nicaragua with $2 million.

Origin of Imports
From January to June this year, 45% of the value imported from Central America came from the USA, 25% from Mexico, 10% from Brazil and 4% from China.

Variation in Regional Imports
Between the first six months of 2018 and the same period in 2019, the value imported into the region fell by 40%, from $90 million to $54 million.

For the periods in question purchases from the U.S. fell from $42 million to $24 million, and in the case of business with companies in Mexico decreased from $19 million to $13.5 million.

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More on this topic

Tractors: Purchases Recovered at the End of 2020

May 2021

After in May of last year in the context of the pandemic, regional purchases of tractors fell to a historic low at $4 million, in the following months imports showed a recovery and in December amounted to $20 million.

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

Tractors: Regional Purchases Contract 28%

December 2020

In the first six months of 2020, Central American countries spent $39 million on tractor imports, 28% less than what was reported for the same period in 2019, a drop that is largely explained by the purchasing behavior of Guatemala and Honduras.

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

Tractors: Less Business with U.S. and Mexico

October 2019

In the first three months of 2019, Central American countries spent $25 million on tractor imports, and purchases from companies in the U.S. and Mexico fell 31% and 29% year-on-year, respectively.

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

Tractor Imports from USA Up 17%

December 2018

In the first half of the year, Central American countries spent $90 million on tractor purchases, and imports from the U.S. increased 17% over the same period in 2017.

Figures from the information system on the Tractor Market in Central America complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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