Liquid Pumps: Panama Main Importer in 2020
Thursday, September 16, 2021
During 2020, Panama positioned itself as the largest importer of pumps for liquids in Central America with $46 million, the largest supplier was the United States with 44.05% representing $56.7 million, however, it can be seen that in the Central American region it dropped by 42.96% compared to 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData:

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Panamanian Companies, Main Buyers
In 2020, the main importer of liquid pumps and their parts was Panama with $46 million, followed by Costa Rica with $32.4 million, El Salvador with $26.6 million and Nicaragua with $18.7 million.

Regarding the year-on-year variation of foreign purchases, for the period in question, only imports from El Salvador and Nicaragua increased in year-on-year terms, reporting an increase of 21.4% and 13.1%, respectively.

In the case of Panama, imports fell by 21.7% and those of Costa Rica by 16.5%.

Variation in Regional Business Downward
In 2019 and the same period of 2020 the value imported in the region decreased 42.96%, from $225.7 million to $128.7 million.

Main Suppliers of Liquid Pumps
For 2020, 44.05% of the value imported from Central America came from the USA, 13.33% from China, 6.32% from the Panama Free Trade Zone, in Mexico 5.67%, 3.95% from Germany, 3.73% from Japan, 2.58% for France and China Taiwan.

In recent years, France has been the market of origin of imports that has grown the most, since in 2012 it accounted for 0.39% of purchases and in 2020 the proportion reached 2.58% of the total.

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