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Crude Oils and Petroleum Oils as a Market Sector

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Petroleum oils: Imports Increase 23%

During the first half of this year, countries in the region imported petroleum oils for $5.122 million, 23% more than in the same period in 2017.

Wednesday, October 31, 2018

Figures from the information system Market of Petroleum Oils and Bituminous Mineral in Central America, from the Trade Intelligence Area of CentralAmericaData:

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Imports by country
In the first six months of the year, the main buyer of petroleum oils and bituminous minerals in Central America was Guatemala, with $1.310 million, followed by Panama, with $1.097 million, Costa Rica, with $808 million, Honduras with $736 million, El Salvador, with $667 million and Nicaragua with $505 million.

Variation in regional imports
Between the first semester of 2017 and the same period of this year, the imported value registered an increase of 23% from $4.165 million to $5.122 million. For the second consecutive year, during the first six months of the year positive interannual variations are reported.

Origin of imports
From January to June 74% of the value purchased by Central America was from the U.S., 16% from the Panama Free Zone, 2% from Malaysia and 2% from Ecuador.

The U.S. is the origin market of imports that has increased the most in the period in question of the last seven years, since in 2012 represented 56% of total purchases and in 2018 grew to 74%.

 

https://www.centralamericadata.com/en/article/main/Petroleum_oils_Imports_Increase_23

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Crude Oil: Millionaire Business in Central America

From January to September 2019, companies in the region bought oil abroad for Ch$7,392 million, 3% less than in the same period in 2018, mainly due to the drop in imports from Panama and Nicaragua.

Friday, February 21, 2020

Figures from the Trade Intelligence Unit at CentralAmericaData:

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Guatemalan Companies, Main Buyers
From January to September 2019, the main buyer of oil and bituminous minerals in Central America continued to be Guatemala, with $1.874 million, followed by Panama with $1.562 million, Costa Rica with $1.185 million, Honduras with $1.144 million, El Salvador with $940 million and Nicaragua with $682 million.

Regarding the year-on-year change in purchases, for the period in question Nicaragua, Panama and El Salvador registered falls of 10%, 7% and 5%, respectively. Guatemala and Costa Rica reported reductions of 1% in both cases. Honduras was the only country to register a rise, which was 0.7%.

Regional Business Upwards
Between the first nine months of 2018 and the same period in 2019, the value imported continued to fall, from Ch$7,598 million to Ch$7,392 million.

In contrast to the fall in imports in general, for the periods in question, purchases from companies in Ecuador grew 119%, from $163 million to $357 million.

Companies in the U.S., the most important suppliers
From January to September, 71% of the value purchased by Central America came from the United States, 15% from the Panama Free Zone, 5% from Ecuador and 2% from the Netherlands.

The United States is the market of origin of the imports that has grown the most for the months in question of the last eight years, since in 2012 it represented 55% of the total purchases and in 2019 it grew to 71%.

Note: For this report, prepared by CentralAmericaData, data from SIECA were used.

 

https://www.centralamericadata.com/en/article/main/Crude_Oil_Millionaire_Business_in_Central_America

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