Costa Rica’s Exports Up 9 Percent

October 20, 2010

The Foreign Trade Promotion Office (Procomer) announced Wednesday that Costa Rica’s exports have increased 9 percent this year when compared to the first nine months of 2009. From Jan. through Sept. of this year, the country has raked in over $7 billion in sales, compared to $6.5 billion at this point last year.

Procomer reports that 75 percent of all exports are industrial products, 23 percent agricultural products and 2.4 percent fish and livestock. Industrial exports accounted for $205 million more in 2010 than last year, boosted primarily by a 96 percent increase in the export of electric cables and a 36 percent increase in both tires and electrical switches and breakers. Microprocessors and other electric components continue to bring in the largest amounts of revenue, accounting for over $1.4 billion in sales so far this year.

Regarding food and agricultural products, the export of bananas, pineapples and coffee – historically among Costa Rica’s leading exports – all improved, led by a 23 percent increase in the shipping of bananas. In addition to these principal exports, sugar sales abroad have increased a whopping 217 percent, jumping from $23 million in 2009 to $74 million this year.

The majority of Costa Rican exports (41 percent) in 2010 were shipped to the United States, while 12.4 percent have gone to the European Union. Since 2008, exports to the EU have increased 5.9 percent.

Facebook Comments

You may be interested

Trump: US to begin cutting aid to Central America over migrant caravan
immigration
1324 views
immigration
1324 views

Trump: US to begin cutting aid to Central America over migrant caravan

AFP - October 23, 2018

President Donald Trump said Monday the United States will begin cutting aid to three Central American nations because of their…

The Tico Times Dispatch: An interview with journalist and economist David Ching
Politics
680 views
Politics
680 views

The Tico Times Dispatch: An interview with journalist and economist David Ching

Alejandro Zúñiga - October 23, 2018

Costa Rica’s Plenary Court rejected the proposed tax reform bill last week and asked that four sections of the initiative…

Soy pico rojo: the new form of protest in Nicaragua
La Prensa
905 views
La Prensa
905 views

Soy pico rojo: the new form of protest in Nicaragua

La Prensa - October 23, 2018

Social media has been filled with photos of men and women wearing red lipstick as a way of protest Daniel…