January Exports Increase By 7.8%

February 24, 2006

With butterfly pupae sold to Hungary, cigars to Cyprus and fruits to Kuwait, Costa Rica exported 7.8% more last month than in January 2005. Exports totaled $542 million, up $40 million from the first month of last year, according to a statement from the Foreign Trade Ministry.

“Without any doubt, the growth tendency shown by the export sector last year (11.5%) has been maintained,”Minister Manuel González said. “The result is a very good sign regarding what different production sectors of the country could experience this year.”

Agricultural exports showed the most marked growth, at 18%, with a boost from increased sales of banana (28.7%) and pineapple (67.7%). However, less traditional products with a smaller overall share of the market showed even more growth, including leather goods and aluminum sheets.

The most dynamic markets for Costa Rican exports last month were South Korea (390% growth), Austria (251%), Russia (156%), Canada (118%), Malaysia (109%), Holland (77%), China (49.9%), the Dominican Republic (45%) and Taiwan (32%). Exports to the United States, still the country’s biggest market, grew 5.5%.

New markets in January, in addition to Cyprus and Kuwait, included Tanzania, Saudi Arabia, Romania, the Ukraine, Cambodia, Syria and Iran.

The trade ministry’s long-term goals are $11 billion in annual exports by 2010 and $16 billion by 2015. For 2005, the ministry set a smaller goal of $6.9 billion, and the export sector exceeded this goal with $7 billion (TT, Jan. 27).

 

Facebook Comments

You may be interested

Silvia Baltodano: passion for Costa Rica`s musical theater
Weekend Arts Spotlight
694 views
Weekend Arts Spotlight
694 views

Silvia Baltodano: passion for Costa Rica`s musical theater

Iva Alvarado - October 21, 2018

The curiosity to meet artists at their workspace led me to Silvia Baltodano; an actress, singer, dancer, teacher, activist and…

The future of tropical forests restoration is community led
Environment & Wildlife
1314 views
Environment & Wildlife
1314 views

The future of tropical forests restoration is community led

Fabíola Ortiz - October 21, 2018

The future of restoring tropical forests should not be exclusively in the hands of governments, argues Rebecca Cole, director of…

Five dead in Costa Rica rafting accident
Costa Rica
6362 views
Costa Rica
6362 views

Five dead in Costa Rica rafting accident

AFP - October 21, 2018

Four U.S. tourists and a fifth Costa Rican were killed after a river rafting accident on Saturday, the Red Cross…