In the first six months of 2019, fertilizer imports from countries in the region totaled $439 million, and purchases from Russian companies grew 29% over the same period in 2018.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
During 2018, companies in Central American countries imported insecticides, herbicides and fungicides for $671 million, 3% less than they bought in 2017.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Last year, fertilizer purchases by countries in the region totaled $806 million, 6% more than what was reported in 2017, a rise explained by an increase in the average price of imports.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Companies in the region can submit their applications for new labels according to the new Central American Regulation on Pesticide Labeling until December 20, 2020.
The regulation amendment came into force at the end of 2018, and stipulates that after the authorities approve the changes to product labeling, companies will have one more year to exhaust the existence of previous labels in the market.
From January to June of this year, countries in the region imported insecticides, herbicides and fungicides for $343 million, 2% more than in the same period in 2017.
Figures from the information system of the Central American Insecticide, Herbicide and Fungicide Market, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
The agricultural chemical union of Guatemala states that the illicit commercialization of fertilizers, insecticides and fungicides, represents about 12% of the local market.
In 2017, the total import value of insecticides, herbicides and fungicides in Central American countries totaled $689 million, registering a 3% increase with respect to 2016.
Figures from the information system on the Market for Insecticides, Herbicides and Fungicides in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The Peruvian exporters union has estimated at $985 million the untapped trade potential between the two countries , mainly in the chemical, agricultural and agro-industrial subsectors.
Most of the unexploited trade opportunities identified by the Exporters Association of Peru are to be found in the chemical subsector, which include "... perfumes and colognes, tires, insecticides or sodium hydroxide, among others, with a potential value of $293 million. "
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