• Costa Rica Coffee Guide

UN Study: C.A.’s Exports Fell Less than Rest of LatAm’s

January 15, 2010

While Latin America’s total export value fell by about 25 percent last year, Central American exports fell considerably less than that of South America, a new United Nations study shows.

The value of Central American exports in 2009 was down by an estimated 6 percent from the year before, considerably less than South America’s 22 percent decline, according to the study International Trade in Latin America and the Caribbean 2009, released last week by the U.N.’s Economic Commission for Latin America and the Caribbean (ECLAC).

Costa Rica’s export revenue fell around 7 percent, after experiencing a 74 percent increase from 2000-2008, from $5.5 billion to more than $9.5 billion in 2008.

In Nicaragua, exports dropped 4.57 percent. In El Salvador they dropped 13.8 percent. In Guatemala they were down 7.5 percent, and in Honduras they fell by 12 percent.

Panama, on the other hand, bucked the trend last year with a 2 percent growth. Imports, too, were down last year, falling by 25 percent in Latin America and the Caribbean.

ECLAC noted that the year-end trade numbers showed a slight recovery after a 31 percent decline in exports during the first half of the year. The study says this could imply a better outlook for 2010.

Still, analysts predict that Central America’s economic recovery could be slower than the rest of Latin America’s.

–Alex Leff

You may be interested

USA books Costa Rica friendly with eye to World Cup rhythm
Costa Rica
11 views
Costa Rica
11 views

USA books Costa Rica friendly with eye to World Cup rhythm

AFP - May 5, 2021

The United States men will face Costa Rica in a June 9 friendly, the US Soccer Federation said Wednesday, booking…

PSA: Airlines end flexible travel waivers
Business
10 views
Business
10 views

PSA: Airlines end flexible travel waivers

The Tico Times - May 5, 2021

Many U.S. airlines have ended flexible travel waivers that allowed travelers to change or cancel flights at no cost during…

Costa Rica improves access to emergency contraceptives
Costa Rica
12 views
Costa Rica
12 views

Costa Rica improves access to emergency contraceptives

Alejandro Zúñiga - May 5, 2021

Costa Rica's public-health system has made emergency contraception available to "any woman who has had a sexual relationship with the…