Central American trade (exports + imports) reached $60,780 million during the first nine months of 2011. This exchange is 21.9% higher than in the same period last year, equivalent in absolute terms to an increase of $10,922.4 million.
The increase was driven by a 20.5% growth in cumulative exports from January to September 2011, along with a rise of 22.7% in imports in the same period of time in respect to the previous year.
Intra-regional trade amounted to $5,364 million during the period January to September 2011. For its part, the U.S. remains the largest destination for Central American exports with 32.3%, and ranks as the largest supplier of imports with 40.9% of total imports during the period.
The trade deficit reached $18,715 accumulated during the period January to September 2011, representing an increase of 22.4% compared to the same period in 2010. At the intraregional level, Guatemala has the highest surplus, with $275.3 million, while Honduras has the highest intra-regional deficit, with $216.0 million.
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Analysis of the Central American trade performance in the first quarters of 2010 and 2011.
In addition to the statistical analysis convergence polygons are also used as an illustrative tool in order to facilitate the analysis of regional trade.
A. Export performance
Total Central American exports in the first quarter 2011 were $7.263 million, 21.4% higher than in the same period last year.
Central American trade grew by 21.8% during the period January to August 2011, equivalent to $54,249.2 million.
Executive Summary of the Monthly Statistical Bulletin by the Central American Economic Integration Secretariat January-August 2011:
Trade (exports/imports) in Central America showed an increase of 21.8% accumulated during the period January to August 2011, equivalent to U.S.
From January up to September, trade between Central American countries summed $8.01 billion, 16.8% less than the same period of 2008.
According to data from Sieca, the Central American Economic Integration Secretary, intra-regional trade summed $9.63 billion between January and September 2008.
In the first quarter, sales between the Central American countries increased by 21.3% compared to the same period in 2010.
Data from the Central American Economic Integration Secretariat (SIEC) shows that Honduras increased by 52% , Costa Rica 24.3%, El Salvador and Guatemala 18%, and Nicaragua 0.6%.