Tractors: Purchases Recovered at the End of 2020

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.

Wednesday, May 26, 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 Market
During 2020 the main buyer of tractors in Central America was Guatemala, with $42 million, followed by Costa Rica and Honduras, with $16 million each, Panama and El Salvador, with $13 million each, and Nicaragua, with $9 million.

Last year, Nicaragua and Guatemala were the only countries in the region that reported increases in their foreign purchases, registering 39% and 7% year-on-year variations.

Costa Rican companies reduced their imports by 17%, Salvadoran companies by 19%, Panamanian companies by 42% and Honduran companies by 47%.

U.S. and Mexico, Main Suppliers to the Regional Market
Last year, 45% of the value of imports from Central America came from the USA, 22% from Mexico, 14% from Brazil, 3% from China, 2% from India, 2% from Canada and 2% from Italy.

In terms of imported value, tractors from Italy have lost share in regional purchases, as in 2013 they accounted for 9% of the total traded and in 2020 the proportion fell to 2%.

Change in Regional Imports
Between 2019 and 2020 the value imported in the region decreased 18%, going from $133 million to $109 million.

For the years in question purchases from the U.S. fell from $62 million to $49 million, and in the case of business with companies in Mexico decreased from $31 million to $24 million.

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More on this topic

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: More Business with Mexico in 2018

July 2019

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

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

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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