In Central America, tires for buses and trucks from Thailand have gained importance in terms of the amount purchased, since in the first half of 2014 they represented 0.4% of total imports and for the same period of 2020 the proportion rose to 5%.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"].
From January to June 2020, companies in the region bought new tires abroad for $197 million, with Costa Rica being the only market that increased its imports and Panama the Central American country that reduced its purchases the most in year-on-year terms.
Figures from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
From January to July 2020, companies in the countries of the region imported new tires from Mexico for $9 million, 23% less than what was reported for the same period in 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
From January to March 2020, companies in the region bought new tires abroad for $113 million, 4% more than in the same period in 2019, with Costa Rica and El Salvador being the markets that increased imports the most.
Figures from CentralAmericaData's Trade Intelligence Unit: [GRAFICA caption="Click to interact with graphic"]
From January to April 2020 companies in the countries of the region imported from Mexico new tires for $5.9 million, exceeding in 13% the reported in the same period of 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In Costa Rica, Bridgestone began partial operations on May 11 and now announces that it will completely normalize its activities at the plant in Heredia by the end of June.
Following the outbreak of covid-19 in the country, the tire manufacturer decided to temporarily close the operations of its plant located in the canton of Belen.
As a result of the emergency that Costa Rica is going through due to the spread of the coronavirus, Bridgestone announced that it will temporarily close its industrial plant located in Belen, Heredia.
The company announced that its plant will remain inactive from March 26 to April 12 and that none of the 1,000 employees working on the premises will be dismissed.
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.
From January to September 2019, companies in the region bought new tires abroad for $340 million, 5% more than in the same period in 2018, with Nicaragua and Panama being the markets that increased imports the most.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
In the first six months of 2019, countries in the region imported $106 million in bus and truck tires, and purchases from companies in China grew 11% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
From January to June 2019, companies from Central American countries imported new tires for $221 million, a figure 3% higher than that reported in the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
In the first three months of 2019, countries in the region imported $518 million in tires for buses and trucks, and purchases from companies in China grew 7% over the same period in 2018.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
Bridgeston announced that it will build an electric substation in Costa Rica at its tire production plant, which is located in Ribera de Belen, Heredia.
The company dedicated to the manufacture of tires reported that the Costa Rican Institute of Electricity and Siemens, will be in charge of the development and installation of this new substation.
From January to March 2019, companies in Central American countries imported $108 million worth of new tires, a figure 3% higher than that reported in the same period in 2018.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAPHIC caption="Click to interact with graphic"]
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