Costa Rica: Exports Stagnating

During the first three months of the year, sales of Costa Rican goods abroad totaled $2.757 million, just 0.5% above the $2.744 million reported as of March 2018.

Thursday, April 25, 2019

The most updated data of the Foreign Trade Promoter (Procomer) specify that from January to March of this year the exports of companies in free trade zones registered a 12% year-on-year increase, and in the case of foreign sales of products in final regime fell 9%.

See "Changes in Costa Rican Exports"

Laura Bonilla, president of the Chamber of Exporters of Costa Rica (Cadexco), told that should not be neglected "... the problem with exports from the definitive regime, as there is greater concern about the fall in agricultural products. The effect of the drought has had a negative effect, and it is necessary to grant an amnesty in the legalization and drilling of wells."

Francisco Gamboa, director of the Chamber of Industries of Costa Rica (ICRC), explained that there was a "... 5.4% drop in sales of this type of (industrial) companies that are outside the free trade zones. There is a 16% drop in income from the placement of goods in the food industry."

Previously, CentralAmericaData reported that because production of manufactured and agricultural goods has become expensive in Costa Rica, exports of services are increasingly becoming more important.

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