Exports Concentrated in a Few Hands

In Costa Rica, 2% of exporting companies accounted for almost 70% of sales made abroad in 2016.

Tuesday, July 25, 2017

Last year, 76 of the 3,772 companies that sold goods abroad made up almost 67% of the total value exported. Figures from Procomer also show that   "... 273 firms with annual sales of over $5 million account for 89% of the total value exported."

See also "Agro-industry Statistics in Costa Rica"

A report from Nacion.com details that "...The main exporters in Costa Rica, according to data requested from Procomer for 2016, are St. Jude Medical Costa Rica Ltda., Corporación de Desarrollo Agrícola del Monte S.A., Coca Cola Industrias Ltda., Hospira de Costa Rica Ltda. and Boston Scientific de Costa Rica S.R.L."

"... The president of the Chamber of Exporters of Costa Rica (Cadexco), Laura Bonilla, highlighted that the data shows that in six years 16 companies were added to the group that sells the most abroad. "We see it as positive that within six years, 16 companies have grown and joined this group at the same time as the number of exporting companies has increased."

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%.

Exporters: Two Sides of One Coin

January 2019

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.

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.

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.

Agro: Protected Sector, but Not Very Competitive

August 2018

In Costa Rica, the productive activity of agricultural goods destined for domestic consumption has been stayed low in recent years, despite the fact that most benefit from the protection afforded by the tariffs imposed on imports of some similar goods.

The Central Bank of Costa Rica calculates the Monthly Index of Agricultural Activity (Imagro), which includes an item called "agricultural products", which monitors the production of basic grains, cereals, pulses and other oil seeds, vegetables, roots and tubers, cane, coffee and fruit trees, which are usually intended for domestic consumption. 

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