Tractors: More Business with Mexico in 2018

Last year, Central American companies added $180 million in tractor purchases, and imports from Mexico increased 22% over 2017.

Thursday, July 18, 2019

Tractor Imports in Central America Al June 30th, 2019  

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CentralAmericaData is the leading B2B market research company in Central America. We specialize in compiling, validating and analyzing data from the economic activities in Central American and South American countries, along with Mexico. We provide our clients and companies with presence in the region relevant information to define business strategies and make adequate decisions. Learn more about our services here

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Imports by Country
During 2018, the main buyer of tractors in Central America was Guatemala, with $42 million, followed by Panama, with $40 million, Costa Rica, with $38 million, Honduras, with $25 million, Nicaragua, with $17 million and El Salvador, with $16 million.

Origin of Imports
Last year, 44% of the value imported from Central America was from the U.S., 24% from Mexico, 10% from Brazil, 4% from Italy and 3% from China.

Variation of Regional Imports
Between 2017 and 2018, the value imported into the region decreased by 4%, from $187 million to $180 million.

In contrast to the general behavior of regional imports, for the years concerned Central American purchases from Mexico grew 22%, rising from $36.5 million to $44.6 million.

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

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More on this topic

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"]

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"]

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"]

Tractors in Central America: Market Up 13%

June 2018

Last year countries in the region imported $187 million worth of tractors, 13% more than what was reported in 2016, and 56% was purchased by companies in Costa Rica and Guatemala.

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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