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
Tourists have high perception of Costa Rica during Covid, survey says
The Tico Times - April 21, 2021A survey of tourism professionals in Spain has recognized Costa Rica among the best-perceived international destinations during the pandemic. The…
Costa Rica has received 1.1 million Covid vaccines, applied 700,000
The Tico Times - April 21, 2021Costa Rica received a shipment of 118,000 Pfizer/BioNTech coronavirus vaccines on Tuesday night and has been delivered 1.14 million total…
Review: Invictus Restaurant, Lounge and Sports Bar
Chris Howard - April 21, 2021I was contacted by the Tico Times to write a review of a restaurant in Escazú. Ironically, it turned out…
