Costa Rica Trade Deficit Highest in 9 Years

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    The Costa Rica News (TCRN) – The trade deficit calculated in May of this year is the highest in nine years. The data is clear from the statistics of the Central Bank of Costa Rica (BCCR), indicating that in the first five months, the accumulated reached $ 2.544 million.

    The figure represents an increase of 13% over the same period of 2012 when the difference between imports and exports of the country reached $ 2.234 million.

    In May this year, buying foreign products stood at $ 7.415 million which exceeded $ 7.214 in the same period of 2012.

    Costa Rica is importing less than North America including Canada, Mexico and the United States, and shows an increase in purchases made Panama, Argentina, Uruguay, Nicaragua and Brazil.

    Meanwhile, exports recorded a decline rather going from the $ 4.980 million to $ 4.870 million.

    Procomer explained that this behavior is related to adjustments in production and decrease in international prices as well as a slow recovery of the U.S. and global economy.

    .The Costa Rica News (TCRN)
    San Jose Costa Rica

    Resonance Costa Rica
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