In 2019, exports of goods are estimated to total nearly $11.526 million, barely 2% higher than reported in the previous year, and far from the 6% increase recorded in 2018.
According to estimates by the Ministry of Foreign Trade, foreign sales of services registered greater dynamism last year, since between 2018 and 2019, they went from Ch$9,090 million to Ch$9,565 million, equivalent to a 5% increase.
The marketing of organic shrimp, vegetable meat, Monk Fruit and carob are some of the innovative market opportunities that Guatemalan exporters have identified for this year.
For the "Best Markets, Products & Services 2020 Study", prepared by the Market Development and Trade Promotion Department of AGEXPORT, 27 high potential markets for Guatemalan products and services exports were selected, identifying 18 countries and 9 states of the United States, which together with the 351 tariff items generate more than 900 commercial opportunities for the Guatemalan exportable supply and international markets, informed the sector's union.
At the request of the export union, the Alvarado administration announced that it will negotiate with APM Terminals, a possible reduction in rates currently charged for loading and unloading of containers.
During 2018, sales of packaged foods in the United Kingdom exceeded $84 billion, and 36% corresponded to private label products, which have quickly entered this market.
The study "Trends and requirements of private label buyers in the food sector in the United Kingdom", prepared by Procomer Costa Rica, indicates that the United Kingdom stands out as the second country in Europe with greater penetration of private label.
Because of the lower-than-projected volume of cargo shipped on the September and October services, the maritime route between Port Moin and Shanghai was suspended.
Costa Rican exporters are negotiating to change the frequency of the maritime route between Port Moin and Shanghai from monthly to weekly from February 2020.
In Costa Rica, exporters and businessmen of the tourism sector are concerned about the decreasing trend that in recent months has reported the exchange rate, which on July 18 was quoted at ¢575.7 per dollar.
Official figures report that between early February and mid-July of this year, there has been a fall of up to 38 colones per dollar, as the average rate in the Monex wholesale market fell from ¢613.87 to ¢575.69.
Delays in the attention of containers in the terminal in charge of APM Terminals, congestion in the yards, cuts in the electrical flow and the computer system, are some of the complaints of the exporting sector of Costa Rica.
Complaints of delays in the port in Limon and in charge of APM Terminals are not new, because in early April, five weeks after the start of operations of the Moin Container Terminal (TCM), reported delays of at least 25 hours of work, which was due, according to the authorities, to the demarcation work of the road between San Jose and Limon.
The outlook for the country's manufacturing industry is unfavorable, since in the first four months of the year companies outside the free trade zone reported a 5% year-on-year drop in their sales abroad.
Consistent with the behavior reported since the beginning of the year, in the first four months’ sales of Costa Rican goods abroad remained stagnant, totaling $3,693 million, just 0.2% above the figure reported in April 2018.
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%.
Because it has become expensive in Costa Rica to produce manufactured and agricultural goods, exports of services are increasingly gaining in market share.
Figures from the Promotora de Comercio Exterior (Procomer) detail that of the total exports in 2018, 56% corresponded to sale of goods and 44% to services. This composition is far from the figures of a decade ago, since in 2008 exports of goods monopolized 62% and services 38%.
The closure of route 32 has generated delays in the maritime terminal of Costa Rica, delaying the entry of carriers to leave or withdraw cargo.
Five weeks after the start of operations of the Moin Container Terminal (TCM), the port in the Pacific in charge of APM Terminals, reports delays of at least 25 hours of work, which is due, according to the authorities, to the work of demarcation of the road between San Jose and Limon.
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.
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.
Exporters resent the effects of five continuous days of demonstrations, blockades and widespread insecurity on the roads of Costa Rica.
Before the strike, which was started a few days ago by unions representing the country's public institutions, the Chamber of Exporters of Costa Rica (Cadexco) denounced the fact that companies in the sector are facing multiple difficulties in exporting their products.Puerto Moín, the main outlet for exports, is onlyoperating six hours a day, leaving close to 12,000 tons per day unable to be shipped, which is estimated to be equivalent to almost $10 million in daily sales abroad.
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