Costa Rica export figures down by 3 percent in first five months of 2013
Export figures from January-May this year were almost $200 million less than those registered in the same period of 2012, representing a decrease of 3.1 percent.
The figure appeared in the latest monthly report of Costa Rica’s Foreign Trade Promotion Office (PROCOMER).
The decline in exports mostly affected medical supplies and prosthetics, electronics, coffee, palm oil and textiles.
According to the PROCOMER report, causes include the adjustment of production figures for local businesses, a decrease in international prices and slow recovery of the U.S. economy and the economies of other export destinations for Costa Rica’s products.
Foreign Trade Minister Anabel González said officials are closely following the problems with these products, but they remained hopeful for a recovery by the end of the year.
González added that the opening of new markets such as Sweden, Ireland, Turkey and India should boost export figures in the coming months.
Between January and May, only livestock, fisheries and food industry sectors showed positive export figures.
You may be interested
Costa Rica coronavirus updates for July 12, 2020Alejandro Zúñiga - July 12, 2020
Costa Rica confirmed 365 new cases of the coronavirus over the past day, totaling 7,596 cumulative known cases, the Health…
Slothy Sunday: Osa, a true ‘Oso Perezoso’Denise Gillen - July 12, 2020
Looks can be deceiving, as those of us who work with sloths can tell you. This is especially true with…
Hotel reservation won’t work as exception to driving restrictions this week [Updated]Alejandro Zúñiga - July 11, 2020
Update: After the Saturday afternoon press conference, the Costa Rican government has apparently changed its mind on this subject. According to…