Even though exports keep falling, there are positive signs as the reduction has been less steep than in June, when it was 14.2%.
"Regarding destinations, our most favorable market was the European Union, because of positive increases in some countries like the Netherlands (17%), Switzerland and France. Briefly, exports to the area dropped just 4%", reported Elfinancierocr.com.
During the first seven months of 2013, Costa Rican exports fell by 1.1% compared with the same period in 2012.
From a press release by the Ministry of Foreign Trade:
During the past 12 months ending in July, exports of goods maintained a growth rate of 1.7% compared to the 12 months prior to them, even though total January exports to July 2013 fell by 1.1% compared with the same period in 2012, reaching $6.693 billion.
Costa Rica is going to revise its export target before this month is out, Foreign Trade Minister Marco Vinicio Ruiz announced.
The target was set at the beginning of the present administration but since then sales of industry and agriculture have slowed down. Melon producers, in particular, have been severely hit by bad weather.
$100 million less were exported to Central America in the first five months of the year.
According to data from the Banco de Guatemala (Banguat), the drop was of 12% in exports to El Salvador, 9% for Honduras, 7.7% for Costa Rica and 11.6% for Nicaragua.
Elperiodico.com.gt publishes: "The products that recorded the bigger losses were apparel, with a sales reduction of $149 million (-27.3%); oil exports were $78.8 million less (-57.5%); coffee exports dropped $55.6 million (-14.8%); and natural leather exports recorded $32.1 million less (-43.4%)".