Wednesday, 12 August 2020

More Motorcycles from China and India in Central America

QBUSINESS – In 2016 Central American countries imported US$420 million worth of motorcycles, and compared to 2015, purchases from China and India increased by 15% and 10%, respectively.

Figures from the information system on the the Motorcycle market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData:

Main importers
The main importers include Masesa, Suzuki, Agencia y Fábrica Honda, Sava, Elektra, Canella, Cadisa, GMG Comercial, and Motosport, which together account for approximately 45% of regional imports.

Jialing X-Fire. China has more than 200 individual companies producing motorcycles nationally. Image for illustrative purposes.

- paying the bills -

Variation of regional imports
Between 2015 and 2016, the value of motorcycle imports in Central America increased by 11%, going from US$379 million in 2015 to US$420 million in 2016.

Imports from China and India increased by 15% and 10% respectively, with purchases in China increasing from US$204 million in 2015 to US$234 million in 2016, and those from India going from US$109 million in 2015 to US$120 million in 2016.

Imports by country
In 2016 the main importer in the region was Guatemala, with $170 million followed by Honduras with US$79 million, Costa Rica with US$71 million, Nicaragua with US$52 million, El Salvador with US$38 million and Panama with US$10 million.

Origin of imports
In 2016, 56% of the value imported from Central America came from China, 29% from India, 3% from the USA, 2% from Japan and 2% from Brazil.

- paying the bills -
- paying the bills -
Q Costa Rica
Q Costa Rica
Reports by QCR staff

Related Articles

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

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

China pledges continuous support for Costa Rica’s COVID-19 fight

Chinese President Xi Jinping said Friday that China will continue to...

MOST READ

Costa Rica reaches 200 dead five months into pandemic

(QCOSTARICA) This Thursday, August 6, five months since the first case of the novel coronavirus was reported in Costa Rica, the country reports 200...

Caturga asks to allow flights from the U.S. to Guanacaste

(QCOSTARICA) The Guanacaste Chamber of Tourism (Caturgua) is requesting that the Government allow the arrival of tourists from the United States this month of...

Californian invites Afro-descendants to escape racism in Costa Rica

(QCOSTARICA) The wave of events that triggered the death of George Floyd in the United States is new evidence of the systematic racism that...

Tourism transport free to circulate without restrictions

(QCOSTARICA) Tourist transport services will be free to circulate every day without vehicular restriction, confirmed the Council of Public Transport (CTP). The decision was due...

Experts to talk about monopolies and oligopolies in Costa Rica

(QCOSTARICA) The Organization for Economic Cooperation and Development (OECD) drew the country's attention in 2014, 2015, 2016 and 2018 due to the high prices...

Legislator: Vehicle restriction is illogical and a mockery for municipalities and businesses

(QCOSTARICA) Karine Niño, legislator of the Partido Liberacion Nacional (PLN), says the vehicle restriction of the next 12 days, from August 10 to 21),...

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.