Agricultural Sector in Costa Rica in the Red

Exports are preparing to close the year with a decrease of 7% compared to 2012.

Friday, December 13, 2013

This is according to the estimates of the Chamber of Exporters of Costa Rica (Cadexco). The decline in international prices for products such as coffee is one of the reasons for the decline in exports. Agricultural exports could go from $2.510 billion in 2012 to $2.341 billion in 2013.

Cadexco described it "as 'difficult' in 2013, due to minimal growth of foreign sales, and anticipated that 2014 will be a similar year with an expected rise of 5% in exports", noted an article in Prensalibre.cr.

This growth could come as long as the U.S. grows at projected levels, that Europe remains stable and China does not "slow sharply".

"It has been a difficult year, with a strong economic downturn, and it is a wakeup call to the authorities to do something so that this exporting engine does not stall," said Monica Segnini, president of the Chamber of Exporters.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Costa Rica: Digital platform for Foreign Trade Procedures Delayed

July 2014

The platform to digitize and centralize export formalities will not be completely ready before the end of the year.

Since its launch in February 2014, only half of the Foreign Trade Single Counter platform has been running and it only allows processess to be carried out digitally in 5 out of the 44 technical documents for export products.

Costa Rica: Agricultural Exports Down 7%

November 2013

The reasons for the slow down can be found in global markets and the fall in international prices, as well as productivity problems in the sector.

From January to October 2013 $1.994 billion was recorded in exports in agriculture while in the same period of 2012 the figure was $2.145 billion.

Exporters: Time to Seek New Markets

July 2013

Most of Costa Rica's traditional export markets are depressed, so exporters must find new ones.

During the first five months of 2013, exports of goods fell by 3%, unlike other years, such as 2011, when foreign sales reported an increase of 7.6%, and 2012, when the hike was 13.1%.

Businessmen Request Approval of EU Agreement

October 2012

Business chambers in Costa Rica asked Congress for the prompt adoption of the Association Agreement with the European Union.

Monica Segnini, president of the Chamber of Exporters of Costa Rica, said that there is a commitment by European lawmakers to approve the treaty in January 2013.