Tractors: Regional Purchases Contract 28%

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.

Friday, December 11, 2020

Tractor Imports in Central America Al December 31st, 2020  

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

Explore the data in the interactive display.

Imports by Country
From January to June 2020 the main buyer of tractors in Central America was Guatemala, with $11 million, followed by Costa Rica and Panama, with $8 million each, Honduras, with $5 million, El Salvador, with $4 million and Nicaragua, with $2 million.

For the semester in question, Panama was the only country in the region that reported an increase in its purchases abroad, registering a 6% year-on-year variation.

Costa Rican companies reduced their imports by 7%, Nicaraguan companies by 16%, Guatemalan companies by 25%, Salvadoran companies by 27% and Honduran companies by 66%.

U.S. and Mexico, Main Sellers
From January to June of this year, 48% of the value imported from Central America came from the United States, 21% from Mexico, 10% from Brazil, 3% from China, 3% from Italy and 3% from India.

In terms of imported value, the tractors from Italy have lost participation in regional purchases, since during the first half of 2013 they monopolized 9% of the total commercialized and in the same period of 2020 the proportion fell to 3%.

Variation in Regional Imports
Between the first six months of 2019 and the same period in 2020, the value imported into the region decreased 28%, from $54 million to $39 million.

For the periods in question, purchases from the U.S. fell from $24 million to $19 million, and in the case of business with companies in Mexico they decreased from $14 million to $8 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"].

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"]

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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