Microwave Ovens: Imports up in the First Quarter of 2021
Wednesday, October 20, 2021
During the first quarter of 2021, Honduras was the main importer of microwave ovens in the Central American region, in this period the largest supplier was China with 72.17% representing $7.1 million.
Figures from the Trade Intelligence Unit of CentralAmericaData:

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Honduras and Guatemala, Main Importers
In the first quarter of 2021, the main buyer in the region was Honduras, which imported $1.9 million, followed by Guatemala with $1.7 million, Costa Rica with $1.5 million, Panama with $0.7 million, El Salvador with $0.5 million and Nicaragua with $0.3 million.

Compared to last year's quarter, imports from all markets increased on a year-over-year basis. Nicaragua's purchases grew by 10.7%, Guatemala's by 110.6%, Costa Rica's by 71.5%, Panama's by 114.9% and El Salvador's by 99.5%. The country whose imports decreased was Honduras with 39%.

Regional Business on the Rise
Between the first quarter of 2020 and 2021, the imported value of microwave ovens in Central America increased by 50.1%, from $6.5 million to $9.8 million.

For the periods in question, purchases from China and the U.S. decreased by 3.44% and 3.2% in that order, and purchases from Malaysia grew by 1.76%.

China and Malaysia, the Most Important Suppliers
Last year, 72.17% of the value imported into the region came from China, 7.03% from Malaysia, 6.63% from the U.S., 6.60% from the Panama Free Trade Zone and 6.15% from Mexico.

Malaysia is one of the markets of origin of imports that has grown the most in recent years, since in 2012 it represented 2.23% of total purchases from Central America, and in the first quarter of 2021 that proportion rose to 7.03%.

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From January to June 2020, companies in Central American countries imported $12 million worth of microwave ovens, and 83% of total purchases were made from companies in China and Malaysia.
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From January to June 2019, companies in Central American countries imported microwave ovens for $17 million, which is 8% more than the amount reported for the same period in 2018.
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