Fiber Optic Cables: Business Increases 18%


News from Panama / Tuesday, April 27th, 2021

We just had fiber installed and what a difference.  Starting with the cost (50% less) and most of all the Internet speed ( up to 1000 mbps download and 200 mbps upload).  It was a no brainer and soooo nice to drop Cable Onda after 14 years.

From January to September 2020, Central American countries imported fiber optic cables for $45 million, 18% more than what was reported in the same period of 2019, a rise that is explained by the behavior of purchases from Panama, Nicaragua and Guatemala.

Regional Business Figures
Between January-September 2019 and the same period of 2020 the imported value of fiber optic cables in Central America increased 18%, going from $38 million to $45 million.

For the months in question, regional purchases from companies in Mexico and China increased by 12% and 29%, respectively.

Costa Rica, Main importer
In the first nine months of 2020 the main buyer in the region was Costa Rica, with $14 million, followed by Honduras, with $8 million, Guatemala, with $6 million, El Salvador, with $5 million, Panama, with $4 million and Nicaragua also with $2 million.

For the period in question, Panamanian purchases increased by 115% year-on-year, Nicaraguan purchases by 79%, Guatemalan purchases by 17%, Honduran purchases by 3% and Costa Rican purchases by 2%. In the case of El Salvador, imports decreased by 16%.

Mexico and China, the Most Important Supplier
From January to September 2020, 29% of the value of imports in the region came from China, 21% from China, 12% from the USA, 10% from India, 6% from Spain, 4% from Colombia and 4% from Hong Kong.

China is the market of origin of imports that has grown the most for the months in question in recent years, since in 2012 it represented 6% of Central America‘s total purchases, and in 2020 that proportion rose to 29%.

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