• Costa Rica Coffee Guide

January Exports Increase By 7.8%

February 24, 2006

With butterfly pupae sold to Hungary, cigars to Cyprus and fruits to Kuwait, Costa Rica exported 7.8% more last month than in January 2005. Exports totaled $542 million, up $40 million from the first month of last year, according to a statement from the Foreign Trade Ministry.

“Without any doubt, the growth tendency shown by the export sector last year (11.5%) has been maintained,”Minister Manuel González said. “The result is a very good sign regarding what different production sectors of the country could experience this year.”

Agricultural exports showed the most marked growth, at 18%, with a boost from increased sales of banana (28.7%) and pineapple (67.7%). However, less traditional products with a smaller overall share of the market showed even more growth, including leather goods and aluminum sheets.

The most dynamic markets for Costa Rican exports last month were South Korea (390% growth), Austria (251%), Russia (156%), Canada (118%), Malaysia (109%), Holland (77%), China (49.9%), the Dominican Republic (45%) and Taiwan (32%). Exports to the United States, still the country’s biggest market, grew 5.5%.

New markets in January, in addition to Cyprus and Kuwait, included Tanzania, Saudi Arabia, Romania, the Ukraine, Cambodia, Syria and Iran.

The trade ministry’s long-term goals are $11 billion in annual exports by 2010 and $16 billion by 2015. For 2005, the ministry set a smaller goal of $6.9 billion, and the export sector exceeded this goal with $7 billion (TT, Jan. 27).

 

You may be interested

Quepos airport renovations (finally) underway
Costa Rica
4 views
Costa Rica
4 views

Quepos airport renovations (finally) underway

Alejandro Zúñiga - May 6, 2021

Renovation and expansion of the runway at La Managua Airport in Quepos began Wednesday and will completed before September. "The…

PAHO says region’s hospitals are ‘dangerously full’
Latin America
5 views
Latin America
5 views

PAHO says region’s hospitals are ‘dangerously full’

Ariela NAVARRO / AFP - May 6, 2021

PAHO, the Americas office of the World Health Organization (WHO), warned on Wednesday that hospitals in the region are "dangerously…

IDB approves $500 million loan for Costa Rica
Costa Rica
5 views
Costa Rica
5 views

IDB approves $500 million loan for Costa Rica

Alejandro Zúñiga - May 6, 2021

The Inter-American Development Bank (IDB) said Wednesday that it has approved two loans to Costa Rica totaling $500 million. "Costa…