Truck Tires: Guatemala is the Main Importer in 2021
Wednesday, October 27, 2021
In the second quarter of 2021, Guatemala is positioned as the largest importer in the Central American region with $32.3 million, during this period the main country supplying tires for trucks and buses is China.
Figures from the Trade Intelligence Unit of CentralAmericaData:

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Guatemala, Main Importer
From January to June 2021, the main importer of bus and truck tires in Central America was Guatemala with $32.3 million, followed by Costa Rica with $20.4 million, followed by Honduras with $16.2 million, Nicaragua with $12.5 million, El Salvador with $8.2 million and Panama with $5 million.

Increase in Regional Imports
Between the first six months of 2020 and the same period of 2021, the value of imports in the region increased by 27.74%, from $106.9 million to $136.6 million.

For the periods in question, purchases from China also recorded an increase, in this case by 35%, from $75.6 million to $102.4 million.

Chinese Companies, Main Suppliers
As of June 2021, 75.02% of the value imported from Central America came from China, 3.31% from Japan, 3.22% for Thailand and Costa Rica and 2.23% for Mexico.

China is the market of origin of imports that has grown the most for the period in question over the last ten years, since in 2012 it represented 40.95% of regional purchases and in 2021 that proportion rose to 75.02%.

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Figures from the information system of the New Tire Market for Trucks and Buses in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
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