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Nicaragua Automotive Spare Parts Business is Growing

In 2016 the imported value of spare parts for vehicles totaled $37 million, 9% more than the imports recorded in 2015.

Figures from the information system on the Auto Parts and Accessories Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData

Click here explore data in interactive graphs (in Spanish).

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Changes in imports
Between 2013 and 2016, the total value of parts for vehicles imported from Nicaragua grew by an average of 7%, with the highest increase in the year 2014, up 10% from 2013.

From 2014 to 2016 imports from China maintained an average growth of 15%, with the year 2015 registering the greatest variation, of 19%.

Origin of imports
In 2016, 19% of the value imported from Nicaragua came from the US, 18% from Japan, 16% from China, 10% from Thailand, 9% from South Korea and 6% from Mexico.

Monthly imports
Between January 2012 and December 2016, the month that registered the maximum monthly import value was April 2016, when Nicaragua bought $4 million, while the month with the minimum import value was February 2013, with $1.9 million.

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