American Expatriate Costa Rica

Value of exports stalled in the first quarter of 2016

The value of Costa Rica goods exports has stalled in the first four months of 2016, when exports were of $3.199 billion, which is 0.33 percent less than it was in the same period of 2015.

The agriculture sector shows a modest recovery. Exports went up to $947 million this year from $920 in the first quarter of 2015.

The industrial sector reported exports worth $2.153 billion in first four months of 2016, which represents a slight reduction from the results of last year.

The food industry decreased last year and at the beginning of 2016 it seemed to recover. Thus it exported goods worth $503 million this year in comparison with $446 million exported last year.

In the recovery of the agriculture sector it has weighed upon the good results of bananas and pineapples exports. Banana exports increased from $277 million last year to $306 million this year. While pineapple sales increased from $261 million to to $273 million this year.

Source: La Nación.