Tractors: Sales in the Region Recover

For the second quarter of 2021, purchases of tractors in the Central American region recovered 114%, which corresponds to $84 million.

Monday, January 24, 2022

Tractor Imports in Central America Al September 30th, 2021  

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Figures from the Trade Intelligence unit of CentralAmericaData: Click to interact with the graphicClick to interact with the graphic

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Imports by Country
From January to June 2021 the main buyer of tractors in Central America was Guatemala with $11 million, followed by Costa Rica and Panama with $8 million, in 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 a decrease in its foreign purchases, registering a year-on-year variation of 10%.

U.S., Main Seller
From January to June 2021, 51% of the value imported from Central America came from the USA, 24% from Mexico, 8% from Brazil, 3% from India, Italy and Canada.

In terms of imported value, tractors from Italy have lost share in regional purchases, because during the second half of 2012 they accounted for 6% of the total traded and since then they have been on the decline, during the period of 2021 the proportion fell to 3%.

Variation of Regional Imports
For the second quarter of 2021 and the same period of 2020 the value imported in the region increased 114%, going from $39 million to $84 million.

For the periods in question, purchases from the U.S. increased from $19 million to $43 million, and business with companies in Mexico increased from $8 million to $21 million.

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