Changes in Costa Rican Exports

Because it has become expensive in Costa Rica to produce manufactured and agricultural goods, exports of services are increasingly gaining in market share.

Tuesday, April 23, 2019

Figures from the Promotora de Comercio Exterior (Procomer) detail that of the total exports in 2018, 56% corresponded to sale of goods and 44% to services. This composition is far from the figures of a decade ago, since in 2008 exports of goods monopolized 62% and services 38%.

You may be interested in "Exporters: Two Sides of One Coin"

Among the reasons for this change in the export model, economist Luis Mesalles, explained to Elfinancierocr.com that "... the national productive sector, especially agriculture and manufacturing, has become uncompetitive, because Costa Rica has become expensive, and competing with little sophistication or goods with little added value costs us more and more."

Also see "Costa Rican Exports to China Rebound"

Regarding the growth of exports, figures show that last year sales of goods rose 6.2% year-on-year and those of services 4.5%.

Pedro Beirute, manager of Procomer, said that "... If the current pace of dynamism of both sectors is maintained, we will have to wait approximately 20 years for the value exported in services to be greater than that of goods.

Do you need to keep track of the key economic indicators in Central America?

Request more information about our Regional Economic Monitor.








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Coronavirus: How to Avoid Shortage?

March 2020

Allowing import, export and transit processes to be carried out efficiently is the recommendation of the region's businessmen to avoid product shortages in the regional market.

For the Federation of Chambers and Industrial Associations of Central America and the Dominican Republic (Fecaica), governments should continue to take the measures considered necessary so that the cases detected so far do not continue to multiply, or at least, the contagion curve can be minimized, taking actions such as activating and expanding emergency response mechanisms and informing the population about the risks and ways to protect themselves.

Central America Purchased more TVs in 2018

August 2019

Last year, television imports from companies in the region totaled $473 million, 10% more than what was reported in 2017.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Consumption Slows in Costa Rica

October 2014

Spending is slowing in final household consumption, imports of consumer goods, bank lending for consumption and the monthly index of economic activity trade.  

Following the trend of slowdown seen in overall economic activity, consumer spending by Costa Ricans has lost dynamism, which is mainly seen in the expenses made ​​at supermarkets, gas stations and restaurants.

Costa Rica: Increase in Consumer Goods Imports

May 2011

The favorable exchange rate and greater range of financing options are responsible for the rise in overseas purchases.

Vehicles, cell phones and televisions are some of the most frequently purchased consumer goods bought abroad by Costa Ricans.

Between April 2010 and March this year, imports of consumer goods totaled 2.932 million, the highest amount in the last nine years.

 close (x)

Receive more news about International Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(May 29)
Brent Crude Oil
37.960
Coffee "C"
97.9
Gold
1,735
Silver
18.485