Pharmaceutical Industry: Optimism in Costa Rica

Businessmen in the sector expect that this year's foreign sales of medicines will maintain the positive trend, consistent with the upward trend shown in the last four years.

Tuesday, June 4, 2019

Data from Procomer of Costa Rica, specify that in recent years’ exports of medicines have recorded positive year-on-year variations, with the highest reported between 2017 and 2018, when sales grew from $159 million to $184 million, equivalent to an increase of 16%.

See "Pharmaceuticals: Imports up to September 2018

Óscar Rodríguez, executive president of Calox Costa Rica, explained to Nacion.com that "... it is expected to grow two digits by the end of 2019, independently of the economic and political situations of the Central American region."

Édgar Zeledón, regent of Infarma, said that "... In the last two years, our sales have been stable. It is desirable to grow year by year, but the economic and social circumstances in Costa Rica and abroad, do not allow us to fully realize that premise.

Also see "Insulin: Market figures up to September 2018

With regard to imports from Central American countries, reports from CentralAmericaData detail that from January to September 2018 the main buyer of pharmaceutical products in Central America was Costa Rica, with $573 million, followed by Guatemala, with $473 million, Panama, with $439 million, Honduras, with $378 million, Nicaragua, with $287 million and El Salvador, with $269 million.

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