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Central America Customs trade database encompasses the customs information from Mexico, Guatemala, Belize, El Salvador, Honduras, Nicaragua, Costa Rica, and Panama. The economies of Central American countries are diverse, with some relying heavily on agriculture, such as the production of coffee and bananas, while others focus more on services and manufacturing industries. In recent years, Central American nations have been actively developing their tourism and high-tech industries.
These countries maintain trade relations with various regions and countries, including the United States, China, and the European Union. The United States has long been a primary trade partner for Central American countries, with the Dominican Republic-Central America-US Free Trade Agreement (CAFTA-DR) further strengthening the economic ties between Central America and the US market. China has emerged as a significant export destination and import source for Central America, with over 20% of exports directed towards China, making it one of the key import countries for the region as well.
The trade structure of Central American countries is diverse, with some focusing on exporting agricultural products like coffee, bananas, and sugar, while others are working to grow their manufacturing and service sectors. For instance, in Nicaragua, the top export products are beef, coffee, and gold. Additionally, Central American nations are actively seeking to diversify their export markets by expanding trade relations with other countries.
The transit customs data of Central America assists businesses in understanding market trends, the trade activities of competitors, and potential trade barriers. It also helps companies ensure that their trade practices comply with the regulations and standards of their target markets, mitigating legal risks.
Do you want to understand the market demand in Central America? Do you wish to expand your international market in Central America? Are you seeking more cooperation with clients and reliable suppliers in Central America?
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