Crisis in Nicaragua Worries the Food Industry

Costa Rican entrepreneurs are concerned about the impact of the crisis in the neighboring country on food exports, which between 2015 and 2017 grew at an average annual rate of 4%.

Friday, June 22, 2018

According to figures from the Promotora del Comercio Exterior (Procomer), last year Costa Rica's food industry exports amounted to $1.618 billion, which is equivalent to an increase of 4.7% compared to the amount reported in 2016.

See also: "Central American Food Market - Mexico"

In relation to the difficulties that exports will face this year, Mario Montero, executive vice president of the Costa Rican Chamber of the Food Industry (Cacia), told that one aspect of concern is " ... the impact of conflicts internally in countries in the region, especially Nicaragua, because 47% of exports go to Central American countries."

Regarding the behavior of internal consumption, the article reports that " ... Cacia said the domestic market is slowing, which could also affect the food industry for local consumption." 

See Procomer statistics. (In Spanish)

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