International Trade Office (Costa Rica) Exports & imports Services exports CINDE Financial Services Gabriela Llobet Information & Communication Technologies services exports Business and Investment basic financial services service center Administration Services Business Rounds Central Bank of Costa Rica Costa Rica Services Summit

Increase in Costa Rican Export of Services

Even though an 8% decrease in tourism is estimated, it would be offset by the digital advertising, financial support and software sectors.

Wednesday, April 29, 2009

Data generated by CINDE, the Costa Rican Promoter of Foreign Trade (PROCOMER) and the Central Bank of Costa Rica (BCCR) are predicting an 8% decline in tourism earnings, while other exporters of services, both local and foreign, will grow by 13% when compared to 2008.

Gabriela Llobet, CINDE director, told Nacion.com “that services are growing despite the crisis because ’the country is an option for corporations that are looking to improve their performance and quality at a competitive cost now more than ever’."

Source: Nacion.com

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Costa Rica: Strength in Business Services

October 2013

Services exports have grow by 7.7%; during the first six months of 2013 they totaled $2.9327 billion.

From a press release from the Ministry of Foreign Trade (Comex):

The successful attraction of foreign direct investment (FDI) has consolidated the participation of Costa Rican exports services.

80 Business Deals Closed in Costa Rica Services Summit

June 2009

The first edition of the service export event brought together around 500 businesspeople from 23 countries around the world.

According to estimates by the Foreign Trade Promoter (PROCOMER), there were 40 strategic alliances in the sector of information and communication technology, 9 in architecture and construction, 13 for audiovisual and 10 for medical tourism during the two days of the meeting.

5.9% Decrease in Panamanian Service Exports

May 2009

For the first quarter, there were $2.68 billion exported; $169 million less than during the same period in 2008.

The areas that dropped the most were banking services and re-exports from the Colón Free Trade Zone.

Prensa.com published data from the General Accounting Office: "These declines could not be offset by income from the Panama Canal or service exports related to tourism and port and logistics sectors, which maintained increases of 11%, 8.7% and 1.6% respectively."

Costa Rica: Non-traditional exports have kept up exports

October 2008

90% of Costa Rican exports during the last 12 months were for non-traditional products.

While the total export of goods to foreign markets grew only 5.5%, the export of non-traditional goods - such as services - increased by 20.5%, according to data for national sales to the exterior from September 2007 to 2008.