Costa Rica exports continue to grow, but at a slower rate than in the last three years 

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By LatAm Reports Staff Writers

Costa Rica has exported $6.174 million from January to April 2024. This means a growth of $348 million (6%) compared to the same period in 2023, when goods were shipped to the sum of $5,582 million.

While exports continue to grow in Costa Rica, they are doing so this year at a slower pace than the last three.

For example, in 2021 the variation was 17% and in 2022 it reached 14%. The previous year, 2023, growth was 15%, i.e. it grew to double digits.

Of the 10 categories of goods seven showed higher shipments this year:

  • Precision and medical equipment: . . .
  • Agricultural: .7%
  • Food:6%
  • Electrical and electronics: .2%
  • Pharmaceutical chemical: .6%
  • Plastic: 1%
  • Pearstock and fishing: .4%

Meanwhile, three others reported decreases:

  • Metalmechanics: -6%
  • Rubber: -11%
  • Other: -0.1%

The general manager of the Promoter of Foreign Trade (Procomer), Laura López, explained to The Observer that a moderation in shipments of medical devices causes exports to slow its growth rate after the 2020 boom.

The general manager of Procomer, Laura López (Photo Josué Alvarado/El Observador).

These companies continue to grow in their exports (…) but this growth is beginning to stabilize because double-digit growth, the result of those investments, begins to stabilize, he said.

In addition, the hierarch indicated that this behavior was expected during 2024.

According to the monthly report prepared by Procomer, the products that have the highest growth in their shipments during the first four months of the year are:

  • Medical devices
  • Pineapple
  • Jarabes and concentrates for soft drinks
  • Textiles and clothing
  • Fresh watermelon
  • Iron and steel slew
  • Antisubmers
  • Oscilscopes, spectrum analysers and other apparatus for measuring or controlling electrical magnitudes

This article has been translated after first appearing in El Salvador