During 2020, imports of aluminum and its manufactures in Central America totaled $480 million, 19% less than what was reported in 2019, a drop that is explained by the decline in purchases from all markets in the region.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"].
In the first nine months of 2020, Central American imports of iron and steel sheets totaled $521 million, and purchases from Korean companies increased by 108% over what was reported in the same period of 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
In Costa Rica, of the total number of exporters whose majority of shipments are in the metal-mechanics, electrical and electronics or plastics sectors, 25% meet a profile of potential participation in global value chains.
An analysis prepared by the Foreign Trade Promotion Agency of Costa Rica (Procomer) explains that "... the 3 sectors agree in selling their products to at least 6 main GVCs: construction (25% of companies), agriculture (23%) trade (20%), food (11%), electronic components and telecommunications (10%) and medical industry (9%)."
From January to September 2020, imports of aluminum and its manufactures in Central America totaled $351 million, 20% less than what was reported in the same period of 2019, a drop that is explained by the decline in purchases from all markets in the region.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"].
During the first quarter of this year, imports of aluminum and its manufactures in Central America totaled $128 million, 17% less than what was reported for the same period in 2019, a drop that is explained by the decrease in purchases in most markets.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
During the first nine months of 2019, the countries of the region imported aluminum and its manufactures from Mexico for $25 million, and about 60% was purchased by companies from the Northern Triangle.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In Costa Rica, the National Roads Council tenders the supply of modular steel trusses in delivery mode according to demand, to be used in vehicular bridges.
In 2017, Central America countries imported $96 million worth of various common metal manufactures from Mexico, 14% more than what was purchased in 2016.
Figures from the information system on the Market for Common Metals in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
Growth of more than 300% has been reported in Colombian exports to Nicaragua between 2016 and 2017, mainly explained by the sales of oil and its derivatives.
Data from ProColombia provided by the Colombian Embassy details that exports from the mining sector led the growth of 362% reported in exports between 2016 and 2017.Exports from other sectors, such as agri-food, metal-mechanics and chemicals also registered double-digit increases.
Between July 2016 and June 2017, exports of precision and medical equipment, rubber, agricultural products, and metallurgical products increased by 15%, 8%, 7% and 23%, respectively, compared to the previous 12 months.
The sectors that showed the most notable growth in exports (July 2016 - June 2017 vs. July 2015 - June 2016) were precision and medical equipment, with an increase of US $347 million (+ 14.7%); the agricultural sector, which has continued to improve its performance after unfavorable climatic events in previous periods and showed an increase of US $193 million (+ 7.6%); metalmechanics, which recorded increased sales, of US $72 million (+ 23.1%); the food industry, which sold US $41 million more (+ 4.4%); the electric and electronic sector, which increased by US $34 million (+ 6.4%); rubber which increased by US $19 million (+ 8.5%); and chemical-pharmaceuticals which sold US $15 million more (+ 2.4%).
It is anticipated that international metal prices will rise by 11% due to a reduction in supply and a slight increase is projected in the prices of agricultural commodities.
From a report by the World Bank, "Commodity Markets Outlook":
Fruit juices and concentrates, canned tropical fruit, water, electric cables, laminated iron or steel products, antisera and drugs are among the products with the potential to enter the Israeli market.
A study by the Costa Rica Foreign Trade Promotion Office has identified 63 products that have export potential indicative to the Israeli market. The sector with the greatest potential is food (19%), followed by livestock and fisheries (19%) and metallurgy (17%). Among the products are: juices and fruit concentrates, canned tropical fruit, water, electric cables, laminated iron or steel products, antisera and drugs.
The Chamber of Industries of Costa Rica has announced the seventh edition of EXPOINDUSTRIA, a biennial business event featuring market opportunities and product promotions.
The event will be held in the Pedregal Event Center on April 16th-18th 2015.
After two years of decline, the sector's exports in 2013 amounted to $262 million, an increase of 7% compared to 2012.
In 2013 the metalworking industry managed to overcome the economic crisis that began in 2008 and managed to export $262 million. The sector has been able to recover production levels of previous years thanks to the Central American market focusing on certifying quality and entering into new product lines, with the best selling ones being iron rods, flat sheets, plates, fittings for structures laminates, and barbed wires.
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