Friday 18 June 2021

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.

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

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.

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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.

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FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q Costa Rica
Reports by QCR staff

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