No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveCommercial Deficit Up 36.8% in First Quarter

Commercial Deficit Up 36.8% in First Quarter

Costa Rica’s commercial deficit grew 36.8% during the first four months of this year compared to the same period last year, reported the Central Bank last week.

Statistics indicate that in the first quarter of this year, the commercial deficit reached $962.4 million, a 36.8% increase over the $703.4 million deficit reported in the first quarter of 2005; however, exports experienced an increase of 16.3% over the $2.2 billion recorded in 2005 to $2.5 billion this year.

The deficit increase is a result of imports registering $3.5 billion, 21.2% more than the $2.9 billion recorded in 2005.

Among Costa Rica’s most successful exports are microprocessors, parts for modular circuits, pineapple, banana, coffee and melon.

The main products imported were prime materials for industry and agriculture and consumer goods.

In 2005, Costa Rica’s imports totaled $9.7 billion, while its exports reached $7 billion, according to the Central Bank.

 

Popular Articles

Costa Rica’s Rising Violence Challenges Chaves’ Security Claims

Costa Rica President Rodrigo Chaves, in his third annual report to be presented to the Legislative Assembly tomorrow, defended his administration’s security strategy, describing...

Costa Rica Orders Halt to Illegal Building in Protected Forest

The Osa Environmental Prosecutor’s Office has received a court order to stop a residential construction project in the Paso la Danta Biological Corridor in...

Costa Rica’s Harsh Prison Reforms Spark Hunger Strikes, Protests

The Costa Rican government, under President Rodrigo Chaves, has implemented stringent new regulations for inmates in maximum-security prisons, drawing inspiration from El Salvador’s controversial...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait

Latest Articles