• Costa Rica Coffee Guide

Costa Rican exports to U.S. up 24 percent in 2010

January 20, 2011

Foreign Trade Minister Anabel González announced Thursday that sales of Costa Rican exports to the U.S. rose 24 percent in 2010. González attributed the increase in exports to the reduction in tariffs offered by the U.S. in respect to the Central American Free-Trade Agreement (CAFTA), which came into effect on Jan. 1, 2009.

In 2010, sales of exports to the U.S. exceeded $3.3 billion, up from $2.7 billion in 2009. The U.S. accounted for over 36 percent of total Costa Rican export sales last year.

“An enormous importance this year was the growth in the number of exports to the U.S.,” González said. “What this appears to indicate is that CAFTA is providing the results that we expected. The 24 percent increase is a very significant increase.”

González said that the largest percentage increase of export revenue to the U.S. was seen in the sales of pineapples, bananas, tuna, medical devices and sugar. Sugar exports rose 192 percent in 2010.

Overall, Costa Rican sold more than $13.59 billion in exports in 2010, a 7.5 percent increase from 2009. According to González, Costa Rica had the third largest export sales per capita income in Latin America in 2010, topped only by Uruguay and Mexico.

The largest revenue yielding exports in 2010 were electronic components and microprocessors, despite a 12 percent decrease in sales. Costa Rica remains the world’s top exporter of pineapples and the second largest exporter of bananas.

A total of 4,255 different Costa Rican products were shipped to 148 different destinations in 2010, including Africa and Australia.

You may be interested

Businessman Guillermo Lasso wins Ecuadorian election, vows to change ‘destiny’
Ecuador
5 views
Ecuador
5 views

Businessman Guillermo Lasso wins Ecuadorian election, vows to change ‘destiny’

Hector Velasco / AFP - April 12, 2021

Former banker Guillermo Lasso pledged to change crisis-wracked Ecuador's "destiny" after overcoming leftist economist Andres Arauz in the country's presidential…

Costa Rica unemployment rate remains among world’s highest
Costa Rica
2653 views
Costa Rica
2653 views

Costa Rica unemployment rate remains among world’s highest

The Tico Times - April 12, 2021

Unemployment in Costa Rica fell to 18.5% in the moving quarter from December to February, according to the National Institute…

International arrivals to Costa Rica down 83% in first two months of 2021
Costa Rica
1933 views
Costa Rica
1933 views

International arrivals to Costa Rica down 83% in first two months of 2021

Alejandro Zúñiga - April 12, 2021

International arrivals to Costa Rica dropped 83% in January and February 2021 compared to the same months last year. According…