Costa Rica: Increase in Consumer Goods Imports

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

Tuesday, May 24, 2011

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.

Appreciation of the colon against the dollar is making imports cheaper, which coupled with the increase in financing facilities on offer by companies and banks, explains the trend in growth of imported goods.

An article in Nació notes: "The increase in the value of imports of consumer goods, and in raw materials and intermediate products are the two biggest factors affecting the uptrend which is seen, in general, not only in imported goods to the country, but also in increased foreign purchases of capital goods, fuels and lubricants. "

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