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Published on Thursday, August 26, 2021
Costa Rican exports of products increased 27% this year, from January to July, reaching the figure of $8.3 billion. Exceeding by $1.7 billion in the same period of 2020, according to the report by Costa Rica's Export Promotion Agency, Procomer.
According to the report, the products with the highest growth were medical devices totaling $891 million, syrups and concentrates for drinks at $94 million, electrical cables at $64 million, pineapple at $56 million, iron or steel at $41 million, tires at $38 million, glass containers at $36 million, palm oil at $32 million, and electrical materials at $23 million among others.
The sectors with more exports were: precision and medical equipment with 45%, the food industry (24%), pharmaceutical chemical (15%), electronics (41%), metalworking (63%), plastic (29%) and rubber (37%).
The agricultural sector grew 6% in its exports. Products such as pineapple, frozen fruits and ornamental plants are the ones that contribute the most to this growth, the agency said.
The fishing sector had another decrease in exports, in July it was 1% of the industry.
In other countries of the continent, there was an increase in exports this year as well. According to the report, South American countries increased by 51%, the Caribbean by 36%, Central America by 28% and North America by 27%.
According to the agency, Canada is a destination with potential for Costa Rican exporters of ornamental plants.
With the goal to export more agricultural products to the United States, in June 12 farmers virtually participated in the U.S. Specialty Food Live Fair.
Procomer is a government agency focused on facilitating exports. Recently they opened a new trade office in Texas, U.S.A.
What could the government do to increase exports in the fishing sector? We would like to know your thoughts on this story. Send your comments to email@example.com