Central American tractor purchases contract 28%

December 22, 2020 – As reported by CentralAmericaDATA: for the first six months of 2020, Central American countries spent $39 million on tractor imports, 28% less than what was reported for the same period in 2019, a drop that is largely explained by the purchasing behavior of Guatemala and Honduras.

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From January to June 2020, the main buyer of tractors in Central America was Guatemala, with $11 million, followed by Costa Rica and Panama, with $8 million each, Honduras, with $5 million, El Salvador, with $4 million and Nicaragua, with $2 million.

Costa Rican companies reduced their imports by 7%, Nicaraguan companies by 16%, Guatemalan companies by 25%, Salvadoran companies by 27% and Honduran companies by 66%.

From January to June of this year, 48% of the value imported from Central America came from the US, 21% from Mexico, 10% from Brazil, 3% from China, 3% from Italy and 3% from India.

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