Foreign trade in Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) is showing positive growth in line with the recovery of global trade in goods, according to a recent report by the Monitor of the Center for Studies on Economic Integration (CEIE).
The main results reflected in the Monitor are the following:
exports Central America's totals amounted to $10,207.4 million in the first quarter of 2021, recording a positive variation of 12.6 % compared to the same period in 2020. Specifically, the growth recorded in sales of goods is explained by the recovery of the value exported, both to the extra-regional market (12.9%) and to the intra-regional market (11.9%).
This improvement observed in Central American goods exports in the first quarter of 2021 responds to a growth in exportable flows to the main extra-regional trading partners. Exports to the United States and the European Union reported growth rates of 8.6% and 11.3% respectively. This is in addition to the aforementioned: exports to China (142.2%), Japan (39.1%) and Brazil (40.6%) maintained positive growth rates. The increase occurs despite the fact that exports to Saudi Arabia (-21.4%), South Korea (-19.8%) and Canada (-15.3%) showed negative growth rates, which attenuated the performance of extra-regional exports.
With regard to the Main families of goods The main products exported outside the region in the first quarter of 2021 were: industrial supplies (29.5%), capital goods (7.8%), consumer goods (9.6%) and food and beverages (51.8%), while the fuel and lubricants (0.7%) and transport equipment (0.6%) categories registered a decrease in export value. Considering the list of the main products exported to third markets, it is worth highlighting in particular the year-on-year growth (compared to the same period in 2020) of products such as medical, surgical, dental or veterinary instruments (14.4% of the total), coffee and coffee substitutes (11.1%), copper minerals and their concentrates (8.6%), bananas and plantains (7.9%) and sugar (5.8%).
On the other hand, the families of goods that stand out in the intraregional exports They correspond to capital goods (4.4% of the total), industrial supplies (38.3%), consumer goods (21.2%), as well as food and beverages (32.4%). Considering the classification of products according to large economic categories, intraregional exports of industrial supplies, consumer goods, as well as food and beverages reported growth rates of 22.9%, 17.6%, 10.1% and 8.1%, respectively.
The total value of the imports of goods amounted to $18,732.3 million during the first quarter of 2021, which is equivalent to a reduction of 12.6 % in year-on-year terms. As regards imports from third markets, these registered a growth of 12,8%; likewise, intraregional imports reported a year-on-year variation of 11.4%.
extra-regional imports By trading partner, the main suppliers in the region in the first quarter of 2021 are the United States (40.0%), China (16.6%), Mexico (9.8%), the European Union (9.2%), India (1.7%) and Vietnam (1.2%). The main families of imported products include petroleum or bituminous mineral oils, which account for 12.7% of the total imported and a year-on-year growth of 4.7%, medicines, mixed or unmixed products, with a share of 6.0%, and cell phones and wireless network equipment, with a percentage of 15.5%. (Results of the SIECA Trade Monitor for the first quarter of 2021)
Aduana News foi o primeiro jornal aduaneiro da Argentina a lançar sua versão digital. Com mais de 20 anos de trajetória, suas publicações e iniciativas têm como objetivo oferecer o conhecimento mais relevante sobre temas aduaneiros, contribuindo para a promoção do comércio seguro e da facilitação do comércio na região.
