Guatemala: Raw Material Imports Up 23%

In the first 8 months of 2011 foreign purchase of raw materials amounted to $3,948 million.

Thursday, November 10, 2011

Imports of raw materials for industry and agriculture have reported growth for a second year, according to the Bank of Guatemala (Banguat).

“Ramón Parellada, an analyst at the Center for Economic and Social Studies (CEES) believes that, at that time, the amount of imports was low because prices had fallen. 'Another reason is that they were using the products already in stock and buying less because of the economic crisis’” he said in an article in Siglo21.com.gt.

Despite the increase, the figures last seen in 2008 have still not been achieved, said Javier Zepeda, executive director of the Chamber of Industry.



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Guatemala: 24% Increase in Raw Materials Imports

January 2011

During the first 10 months of 2010 foreign purchases of raw materials amounted to $ 4,037 million.

According to information from Bank of Guatemala, this represents an increase of 24.4% over the same period of 2009, which reported $ 3,246 million.

"In the case of volume it also reported an increase of 24.3% to 3,480.2 million kilos.

Costa Rica: Imports Down 18%

April 2015

In the first three months of the year imports totaled $3.679 billion, 18% less than the same period in 2014, due to falling oil prices and lower demand for raw materials for industry.

The reduction in purchases of inputs for the electrical and electronics industry, plus the decline in the oil bill are the main factors accounting for this drop in national imports.

Prices of Raw Materials Drop

October 2011

As a result of the the contagious effect of the financial crisis in Europe, along with slow U.S. recovery, commodity prices have reversed their upward trend and started to decline.

The IMF's report last September on expectations about the global economic situation indicated a slow recovery for the more advanced economies.

Commodity Tax Removed from Colombian Raw Materials

March 2012

Nicaragua will eliminate the 35% tax on Colombian imports, which created a a disadvantage to local businesses compared to the rest of the region.

The abolition of the tax will be effective in a few weeks and follows an agreement between businesses and the government.

Jose Adan Aguerri, president of the Superior Council of Private Enterprise (COSEP), said that the tariff be suspended by way of a reform initiative to be adopted in Parliament after 9th April.

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