Costa Rican Exports Decrease
Costa Rica exported $1.32 billion in January and February 2009, 16% less when compared to the same period last year.
Monday, March 23, 2009
According to journalist Edgar Delgado in an article in elfinancierocr.com, "The lower growth in foreign sales by our country (Costa Rica) was directly related to the international economic recession. The country imported $1.684 billion, 33% less than the amount between the first two months of 2008. The fall in imports, meanwhile, is a reflection of the contraction in domestic demand."
In the first eight months of the year a trade deficit of $3,724 million has been accumulated, which is 49% higher than in the same period in 2010.
A deficit of $1.398 billion was accumulated in the first quarter, an increase of 82.8% over the same period in 2010 and 29% of the total trade deficit expected for 2011.
Trade deficit grew during the last twelve months to $ 3.95 billion in September.
Goods imports in July are up while exports have stagnated.
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