HomeArchiveCosta Rica trade deficit in early months down 62 percent over last...

Costa Rica trade deficit in early months down 62 percent over last year

Costa Rica registered a trade deficit of $363 million in the first two months of 2009, down 62 percent from the same period last year, the Central Bank (BCCR) announced Saturday.

The drop was primarily due to a fall in imports, resulting from the global economic crisis, said the bank.

The country imported $1.7 billion worth of goods in January and February, down from $2.5 billion in those same months in 2008.

Exports were down only 16 percent, from $1.6 billion in 2008 to $1.3 billion this year.

The country closed 2008 with a $5.8 billion trade deficit, a 60 percent increase over the $3.6 billion deficit registered in 2007.

Trending Now

Thieves Emptied a Tourist Rental Car in 8 Minutes in Costa Rica

When you lock your car in Costa Rica, don't assume it is locked. A group of Colombian visitors found that out during a coffee...

Grynspan Holds Lead as New Emirati Candidate Disappoints in Race to Lead UN

Former Costa Rican Vice President Rebeca Grynspan again finished first on Friday in the UN Security Council’s seventh informal vote in the race for...

Prosecutors Find No Costa Rican Victims in Epstein Files Investigation

Costa Rican prosecutors ask a court to dismiss their Epstein files probe after finding no local victims or suspects.

Costa Rica Artists Rally to Protect Montezuma Waterfall After Environmental Damage

Seventeen musicians have joined forces to defend one of Costa Rica's popular waterfalls, releasing a protest song after environmental authorities confirmed damage to protected...

Chaves Calls TEC Rector a Terrorist as 417 Limón Students Face Campus Closure

Former president Rodrigo Chaves, who now serves as minister of the Presidency and of Finance, called Costa Rica Institute of Technology (TEC) rector María...

Costa Rica Uses Smartphones to Create 3D Maps of Pacific Coral Reefs

A Costa Rican conservation organization is using ordinary smartphones to create detailed three-dimensional maps of coral reefs along the country's Pacific coast, giving researchers...

Costa Rica Opens Walk-In Motorcycle Road Tests Without Appointments

If you've passed your motorcycle theory test and can't find a road-test appointment, you don't need one this week. Through Friday, Oct. 30, you...

US Embassy Helped Mother Get Son Out of Costa Rica Community, She Says

An American mother says she watched her son grow thinner and more distant over more than two years in a religious community in Pérez...

Costa Rica Reopens Cambronero Highway After Nearly Two-Months

Costa Rica has reopened the Cambronero section of Route 1, restoring an important highway connection between the Central Valley and the Pacific coast after...
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel