Exports

Costa Rica has come a long way since it was a literal banana republic — a country whose economy was dominated by the fruit...

Costa Rica requested the creation of an arbitration panel at the World Trade Organization (WTO) on its dispute with Panama

Terumo Blood and Cell Technologies, a US-based subsidiary of the Japanese Terumo Corporation, will open a factory for the manufacturing of medical devices in Costa Rica. 

Costa Rica tallied more than $5.77 billion in exports over the first five months of 2021, a 23% increase over the same period last year.

Costa Rica tallied more than $4.5 billion in exports over the first four months of 2021, a 17% increase over the same period last year.

Costa Rica ranks 14th globally and second in Latin America for the export of medical equipment, according to the Foreign Trade Promoter of Costa Rica (PROCOMER).

Costa Rica tallied more than $2 billion in exports over the first two months of 2021, a 10% increase over the same period last year. 

The dynamism of the export sector made it possible to cushion the economic impact of the pandemic, which led to a projected fall of 4.5% in GDP in 2020.

Only four countries, all Central American, increased their exports between January and May 2020:

Public Works and Transport Minister Germán Valverde said that the delay will not affect the country's commercial sector, as the Atlantic Port Authority will continue offering import and export cargo mobilization services at its terminal.