Costa Rica’s goods exports rise 26% in the first half of 2021

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Costa Rica's goods exports rise 26% in the first half of 2021

San José, Jul 21 (EFE) .- Costa Rica’s goods exports during the first half of 2021 totaled 7,106 million dollars, which represents an increase of 26% compared to the 5,644 million registered in the same period of 2020 .

The semi-annual report on exports from the Foreign Trade Promoter (Procomer) published this Wednesday indicates that all sectors, with the exception of livestock and fishing, experienced growth in their sales abroad.

“These results fill us with optimism. Although we still have challenges such as livestock and fishing, we are redoubling efforts so that the recovery also reaches that sector. On the other hand, we highlight the effort and resilience of our agricultural sector, a sector that has reaped many achievements and positioning for the country, and that today we can see its recovery beginning, “said the Minister of Foreign Trade and Chairman of the Board of Directors by Procomer, Andrés Valenciano.

The medical devices sector continues to be the most important for Costa Rica with a 35% share of total exports. This sector registered a growth of 46% in the first half of 2021.

For its part, the food industry grew by 21%, the pharmaceutical chemical sector by 15%, the electrical and electronic sector by 40%, the metal mechanic by 56% and the plastic by 28%.

The agricultural sector is showing signs of recovery, growing by 5%, while the only sector that reports negative numbers is livestock and fishing, with a drop of 4%.

Regarding export destinations, there is an increase in all regions of the world. Sales to North America grew 27%, Central America 26%, the Caribbean 33%, South America 55%, Europe 20% and Asia 25%, according to official figures.

SERVICES EXPORTS FALL

The report also shows that the service sector has suffered a sharp drop of 34% in the first quarter of 2021 due to the effects of the covid-19 pandemic, especially in tourism, which is one of the drivers of the economy of the Central American country.

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