Because of sales of medical and precision equipment, exports between January and August 2018 increased by 173% compared to the same period in 2015.
According to figures from the Foreign Trade Promoter (Procomer), in the first eight months of 2015 the sales of the Central American nation to Japan totaled $59 million, a figure that has practically tripled, as reported in the same period of this year, when exports reached $162 million.
During the first half of the year, purchases of vaccines for human use in Central America totaled $57 million, and imports from France increased 83% over the same period in 2017.
Figures from the information system Vaccine Market for Human Use in Central America, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
During the first six months of the year, imports of pharmaceutical products in Central America reached $1.587 million, 4% more than in the same period in 2017.
Figures from the information system of the Pharmaceutical Products Market in Central America, from the Trade Intelligence Area at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
The medical device manufacturer Precision Concepts Medical Technologies will invest $5 million in the construction and operation of a new plant in Costa Rica.
According to the Costa Rican Coalition of Development Initiatives (Cinde), the health sector company's investment will focus on the construction of a building and the implementation of state-of-the-art technology.
In the first quarter of the year, companies in the country imported $2.1 million worth of vaccines for human use, and 88% was purchased from France and Panama.
Figures from the information system on the Vaccine Market for Human Use in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The market for medicines in Colombia up to 2017 totalled $3.419 billion, of which 83% corresponded to sales of prescribed medicines, and the remaining 17% to OTC medicines.
A report by the Foreign Trade Promotion Office of Costa Rica details the characteristics of the pharmaceutical products market in Colombia, and highlights the opportunities available for companies in Central America that sell raw materials and supplies for manufacturing medicines.
In the first three months of the year, imports of pharmaceutical products in Central America totaled $728 million, registering a slight decrease of 1% compared to the same period in 2017.
Figures from the information system on the Pharmaceutical Products Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"]
In the first quarter of the year, purchases of vaccines for human use in Central America totaled $15 million, and 48% were imported from India, France and Belgium.
Figures from the information system on the Vaccine Market for Human Use in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
From January to March of this year, companies in Costa Rica imported $170 million worth of pharmaceutical products, 7% less than in the same period in 2017, and 30% came from the USA and Germany.
Figures from the information system on the Pharmaceutical Market in Costa Rica, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The Costa Rican Social Security Fund is putting out to tender a supply of various types of medicines.
Costa Rica Government Purchase 2018ME-000115-5101:
"Beclomethasone dipropionate 100 ug / dose in extra fine aerosol solution for oral inhalation, pressurized bottle with 200 doses, does not contain CFC, amount required 1,100,000."
CRCB-PACS Latam is Nicaraguan company offering PACS Solutions for the visualization and manipulation of radiological images from X-rays, CTs, MRIs, mammographs, etc.
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America
Phone: (505) 83346335
The National Insurance Institute of Costa Rica (Instituto Nacional de Seguros de Costa Rica) is putting out to tender several types of medicines for use by the institution.
Costa Rica Government Purchase 2018LN-000007-0001000001:
In 2017 countries in the region imported $127 million worth of vaccines for human use, 7% more than what was reported in 2016.
Figures from the information system on the Vaccine Market for Human Use in Central America, compiled by the Business Intelligence Unit at CentralAmericaData : [GRAFICA caption = "Click to interact with graph"]
In 2017, Central American countries imported $3.171 billion worth of pharmaceutical products, of which 44% were purchased by companies in Costa Rica and Guatemala.
Figures from the information system on the Pharmaceutical Products Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In Costa Rica, the manufacturer of medical devices for continence and ostomy, Coloplast, has announced that it will be building a manufacturing plant in La Lima free zone, in Cartago.
The company of Danish origin reported that "...In January 2019, Coloplast will start operating in a temporary location, located next to what will be its new manufacturing plant.