Exporters: Two Sides of One Coin

The increase in Costa Rican exports during 2018 was mainly due to the performance of the 187 companies in the free zone, in contrast to the almost zero growth reported by companies exporting under the traditional scheme.

Monday, January 28, 2019

Figures from the Foreign Trade Promoter of Costa Rica (Procomer) detail that last year Costa Rica's exports totaled $11.312 million, 6% more than that recorded in 2017.

See "Costa Rica: Exports Up 6% in 2018"

The report states that in 2018 exports of precision and medical equipment, whose manufacturers are mostly in free trade zones, represented 29% of total sales, and recorded an 18% increase compared to what was reported in 2017.

Laura Bonilla, president of Cadexco, told Crhoy.com that "... We highlight the great dynamism presented by the free zone regime, especially by the increase in the participation of advanced manufacturing industry. This regime composed of 187 companies, showed a 13% growth. Meanwhile, the definitive regime made up of 2,253 companies, in other words, most exporting companies in the country, only grew by 1%."

Among the factors that influenced the growth of foreign sales of most companies were minimal, the political crisis in Nicaragua and the strike of trade unions in Costa Rica stand out, since several exporters went from increases of 6% to 1%.

Also see "Figures from the Crisis" and "How Much the Strike Cost to the Economy?"

Regarding the actions that should be taken to change this behavior, Bonilla explained that "... This result must be reverted by means of actions in the short term that allow greater international promotion of the added value of agricultural products, as well as by means of greater facilities and accompaniment to enter important markets that allow better performances in this sector."

Do you need more information about your business sector?

Request more information:








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

CentralAmericaData is the leading B2B market research company in Central America. We specialize in compiling, validating and analyzing data from the economic activities in Central American and South American countries, along with Mexico. We provide our clients and companies with presence in the region relevant information to define business strategies and make adequate decisions. Learn more about our services here



More on this topic

Costa Rica: Exports Stagnating

April 2019

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.

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%.

Crisis and its Impact on the Region

October 2018

The complex economic and political situation that has affected Nicaragua since April continues to affect Central America, where exporters report losses of $45 million.

In the past months, cargo transport faced difficulties in moving goods along Nicaragua's highways due to demonstrators' blockades and insecurity, seriously affecting Central American companies.

Costa Rican Exports: Free Zones Vs. Definitive Regime

September 2016

Between January and August free zone companies, which enjoy exemptions, increased their exports by 13% compared to the same period in 2015, while exports from definitive arrangements only rose by 1%.

From a statement issued by Cadexco:

Costa Rican Exporters Demand Action from Government

December 2009

The Chamber of Exporters demanded the next administration greater commitment with the exporting sector.

"An example: the Free Zone Law. We know it will provide greater security for companies and attract more investment. However, it is useless to have a law which favors the most vulnerable or unprotected areas, if we don't have the required infrastructure, staff and telecommunications", stated Mónica Araya, president of the Chamber of Exporters.

 close (x)

Receive more news about Exports & imports

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

(Feb 20)
Brent Crude Oil
58.670
Coffee "C"
107.95
Gold
1,611
Silver
18.27