Logistics Costs Rising: Companies Aim at Brazil
Jun-17-21 | As a result of the global trade imbalance that has become evident in the last year and the considerable increase in logistics costs, Guatemalan importers are beginning to look to Brazil as an option to replace purchases from Chinese companies.
Dairy: Regional Trade Up 7% in 2020
Jun-17-21 | During last year, trade in milk and dairy products between Central American countries totaled $355 million, 7% more than what was recorded in 2019.
Vietnamese Cement Invades Central America
Jun-16-21 | In recent years, cement from Vietnam has gained importance in terms of amount purchased, as in 2016 it represented just 0.01% of total regional imports and in 2020 it became the main supplier, as the share went up to 32%.
Insulin: Business with Denmark up 11%
Jun-15-21 | During 2020, Central America's imports of pharmaceutical products containing insulin totaled $35 million, and purchases from Danish companies increased 11% over what was reported in 2019.
Vegetables: Sales Exceed $300 million
Jun-14-21 | During 2020, Central American vegetable exports totaled $318 million, 34% more than what was reported in 2019, a rise that is largely explained by the performance of sales to U.S. companies.
Vaccines: Purchases from Russia up 54% in 2020
Jun-11-21 | During 2020, companies in the region allocated $134 million for the import of vaccines for human use, and purchases from Russian companies increased 54% over what was reported in 2019.
Guatemalan Economy According to the IMF
Jun-11-21 | For the international organization, during 2020, Guatemala's economy showed resilience, since in the context of the crisis caused by the Covid-19 outbreak, the GDP contracted only 1.5%.
Commodity Prices Benefit Nicaragua
Jun-10-21 | Due to the high demand for commodities, it is estimated that prices in the international market have increased on average between 30% and 40%, a situation that favors Nicaraguan exporters of raw materials.
Bread and Cookies: $460 Million in Business in the Region
Jun-10-21 | In 2020, Central American countries spent $460 million to import bakery, pastry and biscuit products; of the total amount purchased abroad, Guatemalan, Honduran and Panamanian companies represented 62%.
Paint and Varnish Trade Down 10% in 2020
Jun-9-21 | Last year, trade in paints and varnishes between Central American countries amounted to $123 million, which is 10% lower than in 2019, a drop that was reported in the context of the economic crisis resulting from the Covid-19 outbreak.
Costa Rica: Electricity Consumption Increases 5%
Jun-9-21 | Between the period from March to May 2020 and the same period in 2021, electricity consumption increased by 5%, a rise that can be attributed to the increase in exports and tourism activity.
Central American Rice Farmers Fear Bankruptcy
Jun-8-21 | For the Central American Rice Federation, the bankruptcy of more than 62 thousand rice farmers in Central America and the Dominican Republic is imminent, due to the abolition of import tariffs, a measure that is part of the implementation of the DR-CAFTA Free Trade Agreement.
Corn: Purchases up 5% in 2020
Jun-7-21 | During 2020, companies in the region bought corn abroad for $998 million, 5% more than what was reported in 2019, a variation that is explained by the increase in imports from Nicaragua, Guatemala, Honduras, Panama and Costa Rica.
Electric Generators: How did the Market Perform in 2020?
Jun-4-21 | 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.
Meat: Tests will NOT be suspended
Jun-4-21 | Despite warnings in Costa Rica that there was a deficit in the budget of Senasa, the institution in charge of applying tests to exported and imported meats, the authorities assure that the execution of these tests will not be interrupted.
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