Tractors: Guatemala Main Importer in the Region

In the first quarter of 2021 Guatemala imported a value of $8 million, well above other countries, for example, Panama took only $5 million of the market, followed by Costa Rica with $4 million.

Wednesday, August 18, 2021

Tractor Imports in Central America Al March 31st, 2021  

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

Explore the data in the interactive display.

Imports by Country
From January to March 2021 the main buyer of tractors in Central America was Guatemala with $7.7 million, followed by Panama with $4.9 million, in Costa Rica $4.4 million, El Salvador with $3.6 million, Honduras with $2.8 million and Nicaragua with $1 million.

For the semester in question, Panama was the only country in the region that reported a decrease in its foreign purchases, registering a year-on-year variation of -19.9%.

USA and Mexico, Main Sellers
From January to March of this year, 48% of the value imported from Central America came from the USA, 25% from Mexico, 8% from Brazil, 4% from India, 3% each from Italy and Canada, 2% from China, Germany with 2% and 1% each from Japan and the United Kingdom.

In terms of imported value, tractors from Italy have lost share in regional purchases, because during the first half of 2013 they cornered 10% of the total traded and since then they have been on the decline, during the 2021 period the share fell to 3%.

Variation of Regional Imports
Between the first three months of 2021 and the same period of 2020 the value imported into the region increased 59%, going from $24 million to $39 million.

For the periods in question, purchases from the U.S. increased from $13.6 million to $18.7 million, and business with companies in Mexico increased from $4 million to $9.6 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: Central American Imports Improve

March 2021

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.

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: Mexico Purchases Up 24%

September 2018

In the first quarter of the year, Central American countries bought $39 million worth of tractors, and imports from Mexico grew by 24% compared to the same period in 2017.

Information from the interactive system "Tractor Market in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, [GRAFICA caption="Click to interact with graph"]

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