Figures from the Trade Intelligence Unit of CentralAmericaData
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Between 2019 and 2020, the imported volume of infant formula registered a 4% rise, increasing from 28 thousand tons to 29 thousand tons.
In contrast to the volume traded, for the periods in question, the value of imports fell by 9%, from $147 million to $134 million.Panama, Main Buyer
In 2020, the main importer of infant formula in Central America was Panama with $33 million, followed by Nicaragua with $31 million, Guatemala with $28 million, El Salvador with $21 million, Costa Rica with $11 million and Honduras with $10 million.
Regarding the year-on-year variation of purchases, El Salvador was the only country that increased its imports in 2020, reporting a 7% variation.
Guatemala reduced its purchases by 6%, Panama by 8%, Nicaragua by 10%, Costa Rica by 21% and Honduras by 23%.Mexico, Main Supplier to the Region
Last year, 54% of the value imported from Central America came from Mexico, 10% from Chile, 8% from Ireland, 7% from the Panama Free Trade Zone, 5% from Denmark, 4% from the Netherlands, 3% from Poland and 1% from Spain.
Mexico is the market of origin of imports that has grown the most in recent years, as in 2017 it represented 38% of total purchases and in 2020 that proportion rose to 54%.
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