For the third quarter of 2021 a slow recovery of the automotive sector is seen, reaching purchases in the Central American region for $451 million, with China being the main supplier, with 27% of the market.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
Transporte Masivo de Panama S.A. tenders the supply of original spare parts and tools for Volvo chassis for Gran Viale B7R and Torino B290R buses that make up the company's fleet.
Panama Government Purchase 2021-2-81-01-08-LP-003129:
"The Contractor shall maintain proper inventory levels in all warehouse facilities and possess the specialized tools that facilitate the work of technicians in order to perform preventive and corrective maintenance in each of the six (6) workshops that make up each Operation and Execution Center (COE) of Transporte Masivo Panama, S.A., for a period of thirty-six (36) months counted from the notification of the order to proceed issued once the respective contract has been countersigned.
In the first quarter of 2020, the region imported vehicle parts and spare parts for an amount of approximately $267 million, 7% less than that recorded in the same period of 2019, a decrease that is mainly explained by the behavior of purchases by Panamanian companies.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graph"]
Retail sales in the automotive sector in Central America are predicted to be significantly affected by the covid-19 crisis, which would be partially explained by the drop in tire sales.
The "Information System for the Impact Analysis of covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector or economic activity, during the coming months.
As of September 2019, imports of vehicle parts into the Costa Rican market totaled approximately $46 million, and purchases from U.S. companies increased 5% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
As of September 2019, imports of vehicle parts into the Panamanian market totaled approximately $184 million, and purchases from Mexican companies increased 17% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In the Dominican Republic, the supply of different types of vehicles to be used in the toll stations and the plan for road protection and assistance on the roads is being tendered.
Dominican Republic Government purchase FIDEICOMISO-CCC-LPN-2020-0002:
"Lines to be contracted:
-25 vans 2020 onwards, for 5 passengers, 7-speed automatic transmission onwards, 4WD traction and with 2,500 cc turbo diesel engine.
Between January and September 2019, imports of vehicle parts into the country totaled nearly $240 million, and 34% were purchased from companies in China and Japan.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
From January to September 2019, imports of spare parts and vehicle parts in Nicaragua totaled nearly $41 million, 15% less than in the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
From January to November 2019, Central American countries imported $72 million in car batteries from Mexico, 2% more than what was purchased in the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In the first half of last year, imports of vehicle parts in Honduras totaled nearly $76 million, representing a decrease of 2% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In the first half of last year, imports of vehicle parts into Panama totaled about $127 million, representing a 14% increase over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
Explore data in the interactive display.
According to the reported decrease in new car sales in 2017 and 2018 in Panama, during 2019 the negative trend continued, as 47,866 units were registered, 6% less than the previous year.
Reports from the General Comptroller's Office of the Republic explain that since 2017 there has been a drop in new vehicle sales, since 56,905 units were sold that year, 15% less than cars sold in 2016.
In the first six months of the year, the countries of the region imported $111 million in vehicle batteries, 6% more than in the same period of 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
Explore data in the interactive display.
Variation in Regional Imports Between the first half of 2018 and the same period in 2019, the value of car batteries imported into Central America registered an increase from $105 million to $111 million.
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