No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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

Costa Rica’s Piangua Mollusk Threatened by Pineapple Farm Runoff

Costa Rica’s Térraba-Sierpe National Wetland, a 33,000-hectare haven of mangroves and rivers, is under siege from an unlikely source: pineapple farms. A study by...

Costa Rica Joins U.S. Global Entry, Easing Travel for Tourists

Costa Rica took a big step forward, by officially joining the U.S. Global Entry program, a move set to make travel smoother for Costa...

Costa Rica Maintains Economic Stability Amid Global Tensions

Costa Rica is holding steady economically despite global tensions sparked by conflicts involving Israel, the United States, and Iran, according to Federico Quesada Chaves,...

Costa Rican Health Officials Sound Alarm Over Teen Vaping Epidemic

Vaping has become increasingly popular, especially among teenagers and young adults. However, the health consequences associated with its use are raising alarm among Costa...

El Salvador Slams Paris Fashion Show Inspired by Cecot Mega-Prison Inmates

The president of El Salvador, Nayib Bukele, joked on Saturday that he could send inmates from his mega-prison to France, after they were represented...

Retired Nicaraguan Army Captain Sentenced to 50 Years for Treason

A retired military officer was sentenced to 50 years in prison in Nicaragua for the crime of "treason against the homeland," his family denounced...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica