Costa Rica's Exports Up by 11% in First Half

Costa Rica exported $5.851 million in goods during the first half of 2012, reflecting a 10.9% increase compared to the same period in 2011.

Friday, July 20, 2012

A statement from the Ministry of Foreign Trade reads:
Costa Rica exported U.S. $5,851 million in goods during the first half of 2012, reflecting a 10.9% increase compared to the same period in 2011.
This was revealed in a semiannual report released today by the Export Trade Promotion Office (PROCOMER).

This figure is almost three times higher than the forecasts by the World Trade Organization, which estimates a growth rate of world trade of 3.7% this year.

"The behavior of export products during the first half of the year has been very positive.
The growth rate of 11% amounts to nearly three times the growth of exports worldwide. Services exported in the first quarter also showed great dynamism, with a growth of 15%, which is more than four times the growth of services exports globally. It is clear that the export sector remains an important driver of the Costa Rican economy, despite adverse conditions in international markets. We remain vigilant, however, since no country is exempt from the possibility of suffering the ravages of the environment", stressed the Minister of Foreign Trade and Chairman of the Board of PROCOMER, Anabel Gonzalez.

"We are very pleased with the results of the first half. Exports show a growth in many sectors and in almost all markets. We have achieved diversification, both in products and target markets, which makes a valuable shield to protect us from the vagaries of the global economy. PROCOMER continues to strongly support the export sector to continue strengthening this national diversification", said the General Manager of PROCOMER, Jorge Sequeira.

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