Tractors: $130 Million Recovery in the Sector

Purchases of tractors by Central America increased by 112% to represent $130 million, Guatemalan companies lead imports with $9 million, with the United States being the main supplier to the region.

Monday, May 30, 2022

Tractor Imports in Central America Al September 30th, 2021  

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Figures from the Trade Intelligence Unit of CentralAmericaData: Click to interact with the graphicClick to interact with the graphic

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Imports by Country
From January to September 2021 the main buyer of tractors in Central America was Guatemala with $9.4 million, followed by Costa Rica with $4 million, Honduras with $3.3 million, Panama with $2.2 million, in Nicaragua with $2.1 million, and El Salvador with $1.4 million.

For the third quarter in question, Costa Rica was the only country in the region that reported a decrease in its foreign purchases, registering a year-on-year variation of -4.8%.

For the period analyzed, imports of companies from the other Central American countries in their positive inter-annual variations are as follows: El Salvador with 327.8%, Honduras 187.3%, Nicaragua 155.1%, Panama 103.5% and Guatemala 83.4%.

USA, Main Seller
Up to September 2021, 47% of the value imported from Central America came from the USA, 25% from Mexico, 8% from Brazil, 4% from India and 3% from China.

In terms of imported value, tractors from Turkey have lost share in regional purchases, because during the third quarter of 2012 they cornered 3% of the total traded and since then they have been on the decline, during the 2021 period the share fell to 0.96%.

Change in Regional Imports
For the third quarter of 2021 and the same period of 2020 the value imported into the region increased 112%, going from $61 million to $130 million.

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