In the first six months of 2018, purchases of electric motors and generators in the region totaled $74 million, of which 51% was imported by companies in El Salvador and Guatemala.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In the first half of 2018, companies from Panama and Costa Rica invested $171 million to import port cranes, while no transactions were recorded in the other countries of the region.
Figures from the Business Intelligence Unit of CentralAmericaData:
Explore data in the interactive chart. [GRAFICA caption="Click to interact with graphic"]
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"]
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"]
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"]
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico.
The company manufactures and sells telescopic, articulated, maritime, forestry, scrap, salvage, trawl, platform cranes, hydro elevators and backhoes.
Between January and September 2017, Central American countries imported $135 million worth of tractors, 14% more than in the same period in 2016.
Figures from the information system on the the Tractor market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In the first semester of 2017, Central American countries imported $92 million worth of tractors, 19% more than was purchased during the same period in 2016.
Figures from the information system on the the Tractor Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
From January 18 to 20, 2018, manufacturers and distributors of construction, industrial, agricultural and mining machinery will be showcasing their products and taking part in business meetings.
The event is being organized by the Association of Distributors of Machinery in Panama (Adima), and will be held at the Atlapa Convention Center, in Panama City.
In 2016 imports of tractors into Central American countries totaled $165 million, and the value imported from Brazil grew by 24% compared to 2015.
Figures from the information system on the the tractor market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
After the contraction recorded in 2016, forecasts are that investment in construction and machinery will recover towards the end of 2017 and 2018, reaching an estimated growth rate of 9%.
In 2016, there was a drop in construction and investment in machinery and equipment, compared to 2015. Therefore, FUNIDES projects that the investment will recover, estimating an investment growth rate of 9 percent by the end of 2017 and 2018.
The demand for machinery in the construction sector is characterized by a need for local back up in terms of technical support and availability of spare parts, guarantee of operation, and facilities for purchase or leasing.
An article in Revista Construir notes that among the machinery needed for regional infrastructure projects are "hydraulic excavators, front loaders, retro excavators, articulated trucks, motor graders, soil compactors, crushing plants, electric generators, trucks, wagons, trailers, steam rollers, asphalt distributors, milling machines, road reclaimers, sweepers and water tanks."
Between January and September 2016 the value of regional imports of tractors from the US grew by 30% compared to the same period in 2015.
Figures from the information system on themarket for tractors in Centralcomplied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
Paper and machinery are some of the goods that nicaraguan businessmen plan to import in large amounts with the upcoming elimination of the "patriotic" tax of 35% on colombian products.
The decision by Ortega government toabolish the 35% tax on imports of Colombian products, which has been in place since 1999, has been welcomed by the Nicaraguan private sector, which plans to increase imports of products such as machinery, paper and raw materials. The upcoming elimination of the tax, which must be approved by the Assembly, opens the door to new business opportunities between the two countries.