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MARKET STUDY
Pharmaceuticals: Purchases Exceed $2.6 BillionWednesday, March 3, 2021 From January to September 2020, Central American imports of pharmaceutical products totaled $2.625 billion, an amount that exceeds by just 0.4% 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"] FTA with South Korea Soon to Take EffectFriday, February 26, 2021 As of March 1st, the Free Trade Agreement signed between the Republic of South Korea and Central American countries will become effective. After several years of negotiations, the trade agreement between the countries of the region and the Asian nation will finally come into force next Monday.
MARKET STUDY
Bread and Cookies: Business with Peru Grows at 4%Thursday, March 4, 2021 In the first nine months of 2020, Central American countries allocated $327 million to import bakery, pastry and biscuit products, and purchases from companies in Peru grew 4% compared to the same period in 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
MARKET STUDY
Agrochemicals: Business in the Region up 30%Monday, March 1, 2021 During the first nine months of 2020, companies in Central American countries imported insecticides, herbicides and fungicides for $617 million, 30% more than what was reported in the same period of 2019, a rise that is explained by the behavior of purchases from all markets in the region. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
MARKET STUDY
Communication Radios: Business with Mexico up 36%Tuesday, March 2, 2021 In the first nine months of 2020, the countries of the region imported communication radios for $39 million, and Central American purchases from Mexican companies increased by 36% compared to 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"]
MARKET STUDY
Cell Phones: Regional Purchases Decline 11%Monday, February 22, 2021 During the first six months of 2020, Central American countries imported cell phones for $541 million, 11% less than what was reported in the same period of 2019, a drop that is mainly explained by the behavior of Panamanian, Honduran and Salvadoran purchases. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"] Panamanian GDP Decreased 18% in 2020Wednesday, March 3, 2021 The drop in production is explained by the performance of activities that were affected by the emergence of the covid-19 pandemic in March 2020, a situation that lasted for the rest of the year. The Gross Domestic Product (GDP) valued at constant 2007 prices registered, according to calculations of the National Institute of Statistics and Census (INEC), an amount of $35,308.7 million, which corresponded to a decrease of $7,724.1 million, according to an official report. ZLC will Hold Virtual Trade FairWednesday, February 24, 2021 From March 1 to 5, 2021, the Colon Free Zone will hold its first multisector virtual trade fair, in which 200 exhibitors will participate and participants will be able to access product catalogs and receive direct attention from suppliers. The trade fair will feature a wide variety of mass consumption products, regional distribution logistics services and value-added products, informed the Colon Free Zone (CFZ).
MARKET STUDY
Soups: Regional Purchases Up 14%Wednesday, February 17, 2021 In the first six months of 2020, Central American countries bought $56 million in soups and their preparations, 14% more than what was reported in the same period of 2019, a rise that is explained by the behavior of Salvadoran, Nicaraguan, Honduran and Guatemalan imports. Data from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"] Trade: Costa Rica and Panama Begin DialogueFriday, February 12, 2021 In order to overcome the trade conflict resulting from the blocking of the entry of animal products from Costa Rica into the Panamanian market, both nations have started a dialogue. The trade conflict between the two countries began in July 2020, when Panama informed the National Animal Health Service (SENASA), an agency of the Costa Rican Ministry of Agriculture and Livestock (MAG), of the decision not to extend export authorization to a list of previously authorized Costa Rican establishments that have been trading in the Panamanian market for many years. Ice Cream: Promising Business in GuatemalaThursday, February 25, 2021 Between 2019 and 2020, it is estimated that ice cream sales in the country increased by 6%, with supermarkets, discount stores and convenience stores being the main marketing points, as 7 out of every 10 units are sold in these establishments. In recent years, ice cream consumption in the Guatemalan market has increased considerably, since between 2019 and 2020 sales increased by $8 million, going from $128 million to $136 million, according to Euromonitor estimates.
MARKET STUDY
Paint and Varnish Trade Falls 30%Thursday, February 11, 2021 In the first six months of 2020, trade of paints and varnishes between Central American countries amounted to $43 million, an amount that is 30% lower than that recorded in the same period of 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
MARKET STUDY
Beef: Regional Exports Up 24%Thursday, January 28, 2021 From January to June 2020, Central American countries reported $359 million in beef sales abroad, 24% more than what was recorded in the same period of 2019. Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
MARKET STUDY
Candies and Chocolates: Business with China up 13%Tuesday, February 9, 2021 In the first half of 2020, Central American countries imported $140 million worth of candies, chocolates and other cocoa-based preparations, and purchases from Chinese companies exceeded by 13% what was reported during the same period of 2019. Data from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"] Pineapple: Container Inspection IntensifiedTuesday, February 9, 2021 In order to prevent drug trafficking, as of February 8, Costa Rica's General Directorate of Customs defined that all containers carrying fresh, organic pineapple and by-products of this fruit will be scanned by the Port Operator APM Terminals Moín. Dried and frozen pineapple, canned preserves, compotes, jellies, jams, pineapple puree or paste, juices, concentrates and pasteurized products are the sub products that will also be subject to these revisions. |
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Saturday, March 6, 2021 - last update: 4:18 pm
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