Manufacturing Exports Down by 18% in Costa Rica
Manufacturing industry exports in the first quarter were down from $1.543 billion in 2008 to $1.260 billion in 2009.
Thursday, April 23, 2009
Exports from this sector (microprocessors, textiles and medical devices) represent 61% of the country's total exports.
The multinational has announced investments of $31 million to expand its plant in Cartago and open a new service center in Heredia.
Businessmen in Costa Rica attribute the outflow of $31 million in the first quarter of the year to the close down of operations of businesses in the sector who have decided to move to neighboring countries.
Foreign sales of manufactured products during the first four months of this year grew by 22 percent compared with the same period last year.
In the first quarter exports of manufacturing goods abroad totaled $1.076 billion, 14% more than in the same period in 2014.
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