{"id":24360,"date":"2018-10-16T09:34:59","date_gmt":"2018-10-16T14:34:59","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=24360"},"modified":"2018-10-16T09:34:59","modified_gmt":"2018-10-16T14:34:59","slug":"central-america-intra-regional-trade-increased-3","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/central-america-intra-regional-trade-increased-3\/","title":{"rendered":"Central America: Intra-regional trade increased 3%"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Trade in goods and services between the countries of the region amounted to $4.792 billion during the second quarter of the year, 3% more than in the same period of 2017.<\/p>\n

Central America’s total exports<\/a> reached USD 16,299.7 million in the second quarter of 2018 and increased by 1.7% over the same period last year. 29.4% of exports went to the Central American market, while the remaining 70.6% went to third markets. The Central American Secretariat of Economic Integration reported that intra-regional exports increased 3.4% compared to the second quarter of the previous year.<\/p>\n

According to the Central American Trade Monitor, extra regional exports increased 1.1% compared to the second quarter of 2017, representing a slowdown when compared to the evolution of previous months. The lower export dynamism towards third parties is mainly explained by the fall in the value of exports from Guatemala (-1.4%), Honduras (-4.3%) and Nicaragua (-5.8%). The slowdown in exports to the United States (+4.3%), the European Union (-0.2%) and Mexico (1.9%) is a contrast to the strong growth in exports to non-traditional destinations such as China (+133.8%), Puerto Rico (+47.0%) and South Korea (+12.8%).<\/p>\n

Exports to the intra-regional trade register a better performance when compared to 2017; however, a gradual slowdown is observed in the value exported during the first semester of 2018. Intra-regional exports are led by medicines (4.6 % of the total); food preparations (3.6 %); plastic packaging (3.6 %); bakery, pastry or biscuit products (3.0 %) and water, including mineral and sparkling water (2.7 %).<\/p>\n

Goods imports<\/a> reached a total value of USD 36,402.6 million during the second quarter of 2018, recording an increase of 7.6% over the same period in 2017. 14.1% of Central America<\/a>‘s imports comes from the intra-regional market; imports from the Central American market fell by 0.1% year-on-year in the second quarter of 2018, while those from third parties increased by 9.0%.<\/p>\n\n

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    Trade in goods and services between the countries of the region amounted to $4.792 billion during the second<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-24360","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nCentral America: Intra-regional trade increased 3% - Blog 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