Exports Higher than Expected for 2012

Costa Rica News – Costa Rica export numbers was 7.25 percent higher than the projections for 2012, reaching an $16.9 billion in revenues.

Exports in November 2012 increased from $9.7 billion in 2011 to $10.4 billion this year, according to the Foreign Trade Promotion Office (PROCOMER).

The main reasons for this growth in exports is the European Free Trade Association (Norway, Switzerland, Liechtenstein and Iceland, EFTA), which accounted for 95.2 percent to the same period in 2011, and exports increased by 8.7 percent to the European Union (EU).

Increases in coffee, bananas, palm oil, and medical devices showed the highest gains.

The majority of Costa Rica’s exports go to the US, 38.9%, Holland second with7.6 percent to; Panama third with 5.2 percent of domestic goods, PROCOMER reported.

Exports exceeded the projection of $15.7 billion by $1.1 billion, the Foreign Trade Ministry (COMEX) reported.

Many analysts were surprised by this growth in light of the global economic slowdown and further indication of strong positive growth for Costa Rica in 2013

The Costa Rica News (TCRN)
San Jose Costa Rica

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