Tuesday 28 September 2021

Auto Parts Market in Costa Rica And Central America

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In 2015 Central American countries imported $447 million worth of auto parts, and 60% of them came from the USA, Japan and China.
In 2015, 60% of imported auto parts came from the US, Japan and China.

(QCOSTARICA) In 2015 Central American countries imported US$447 million worth of auto parts, and 60% of them came from the USA, Japan and China.

Costa Rica was the third largest importer of vehicle parts in 2015 in Central America, with US$85.1 million, according to data from a report entitled “Vehicle Parts Market in Central America”, prepared by the Business Intelligence Unit at CentralAmericaData.com.

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The data shows that Guatemala is the main buyer of these goods in the region. In 2015 alone the country imported US$121.6 million and 37% of it came from the United States, 12.6% from Japan, another 12.6% from China, 9% from Mexico and the rest from other countries such as South Korea and Germany.

Unlike Guatemala, the Japanese market has a greater preponderance in imports in Costa Rica, as 25% of the total came from there, followed by the US with 23%, 14.6% came from China, and the rest was imported from other markets such as China Taiwan, Germany and Mexico.

Click here for the interactive graph.

In addition, US$97 million worth of vehicle parts were imported from Panama, and nearly 30% came directly from the United States, followed by the Panamanian Free Trade Zone regime, with 15%. 12% of imports came from other countries, and almost 11% were purchased in China.

Source Centralamericandata.com

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