In the first half of last year, imports of vehicle parts into Panama totaled about $127 million, representing a 14% increase over the same period in 2018.

Variation in Imports
According to CentralAmericaData’s estimates, between January and June 2018 and the same period in 2019 the value of imported vehicle parts and replacements in Panama registered a 14% increase, from $111 million to $127 million.

The increase reported in the first half of 2019, reinforces the increase in purchases recorded in the same period of 2018, when the year-on-year variation was 6%.

Origin of Imports
In the first six months of 2019, 22% of the value imported by companies in Panama came from the USA, 17% from the Panama Free Zone, 12% from China, % from Belgium and 9% from Mexico.

The U.S. is the country of origin of Panamanian imports that has decreased the most for the period in question over the last eight years, since in 2012 it represented 34% of the total value purchased, and in 2019 it fell to 22%.