Wednesday, 23 September 2020

Central America Auto Parts $1.1 Billion Business

In 2018, the region imported parts and vehicle spare parts for a sum close to US$1.1 billion, of which 65% were purchased by companies in Guatemala, Costa Rica and Panama.

Business in Central America Barely Grew. According to estimates by CentralAmericaData, between 2017 and 2018 the value of imported parts and spare parts of vehicles in Central America registered a variation of just 0.13%, going from US$1.099 million to US$1.101 million.

In the last seven years the region has reported a sustained rise in imports, recording an average growth of 6%.

The main importer in the region remained Guatemala with US$319 million, followed by Panama with $221 million, Costa Rica with US$182 million, Honduras with US$161 million, El Salvador with US$156 million, and Nicaragua with $62 million.

- paying the bills -

When separating the region between the Northern Triangle and the southern markets, the figures show that companies in Guatemala, El Salvador and Honduras concentrate 58% of regional imports.

Nicaragua, Costa Rica and Panama account for the remaining 42%.

For this report, prepared by CentralAmericaData, SIECA data were used. Click here to explore data in the interactive display.

- paying the bills -
- paying the bills -
Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Pandemic accelerates democratic decline in Central America

(QCOSTARICA) Curfews, attacks on the press, arbitrary detentions and minimization of...

For black and indigenous people in Central America, Black Lives Matter

(Global Voices) Indigenous and black Central Americans expressed solidarity online for...

MOST READ

“They say the taxes are temporary”

The illustration confirms the sentiment of most, not believing that the new taxes being proposed by the government are temporary. The man, "They say the...

Blame the drivers: It’s not the posts, but the lack of road safety education

(QCOSTARICA) The installment of the flexible delineator folding posts on the Ruta 32, at a cost of ¢177 million colones Sunday morning is failing...

Which airlines are resuming flights to Costa Rica?

(QCOSTARICA) With the opening of borders, several airlines have resumed flights, others have modified their flight schedules, while others are still not serving Costa...

Victim of sexual abuse in Cartago: “this has to stop”

(QCOSTARICA)  "I was walking and pushing my six-month-old son's stroller and my 11-year-old daughter was riding a bicycle. As I stop to get the...

COVID-19 Costa Rica: 1,378 new cases for Sept 16

(QCOSTARICA) The Ministry of Health reported 1,378 new cases of the COVID-19 on Wednesday, September 16, bringing the total of confirmed cases to 59,516. The...

First electric buses will hit the road in November

(QCOSTARICA) The first three electric buses that will serve the country have already arrived and starting in November will begin service on three routes...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.