Electric Generators: How did the Market Perform in 2020?
During last year, imports of electric generators increased year-on-year in Nicaragua and Guatemala, and decreased in Costa Rica, Panama, Honduras and El Salvador.
Figures from the Trade Intelligence Unit of CentralAmericaData:

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Central American Companies Buy Less
Between 2019 and 2020 the total imported value of electric motors and generators in Central America registered a 34% decrease by dropping from $162 million to $107 million.

Two of the six countries recorded year-on-year increases in their purchases. Imports increased 77% in Nicaragua and 9% in Guatemala.

In the other countries, imports declined. In Costa Rica they fell 10%, in Panama 48%, in Honduras 53% and in El Salvador 53%.

Guatemala, Main importer
During 2020, the main buyer of electric motors and generators in Central America was Guatemala, with $28 million, followed by El Salvador, with $27 million, Costa Rica, with $18 million, Honduras, with $15 million, Panama, with $12 million and Nicaragua, with $7 million.

USA, the Most Important Supplier
Last year, 29% of the value imported from Central America came from the USA, 19% from China, 13% from Spain, 6% from Mexico, 5% from Brazil, 5% from Germany, 4% from Italy and 2% from Taiwan.

China is the country of origin of Central American imports that has grown the most in recent years, since in 2012 it represented 3% of the total value purchased and in 2020 it reached 19%.

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