Tractors: Central American Imports Improve

After in May 2020, in the context of the pandemic caused by covid-19, regional purchases of tractors fell to a historic low of $4 million, in the following months imports showed a recovery.

Thursday, March 11, 2021

Tractor Imports in Central America Al March 31st, 2021  

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Imports by Market
From January to September 2020 the main buyer of tractors in Central America was Guatemala, with $21 million, followed by Costa Rica, with $12 million, and Panama, with $11 million, Honduras, with $8 million, El Salvador, with $6 million and Nicaragua, with $4 million.

For the months in question, Nicaragua was the only country in the region that reported an increase in its foreign purchases, registering a 17% year-on-year variation.

Costa Rican companies reduced their imports by 5%, Panamanian companies by 9%, Guatemalan companies by 13%, Salvadoran companies by 43% and Honduran companies by 60%.

U.S. and Mexico, Main Suppliers to the Regional Market
During the first nine months of 2020, 42% of the value of imports from Central America came from the US, 24% from Mexico, 11% from Brazil, 3% from China, 3% from Italy and 3% from India.

In terms of imported value, tractors from Italy have lost share in regional purchases, since during the period under analysis in 2013 they accounted for 9% of the total traded and in the same period of 2020 the proportion fell to 3%.

Variation in Regional Imports
Between January-September 2019 and the same period of 2020, the value imported into the region decreased 25%, going from $82 million to $61 million.

For the periods in question purchases from the U.S. fell from $40 million to $26 million, and in the case of business with companies in Mexico decreased from $17 million to $14 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"]

Tractor Purchases Still Down

January 2020

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.

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

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"]

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