Sunday 16 May 2021

Costa Rican Exports to China Rebound

Although exports have tripled in the last three years, mainly because of increased sales of medical equipment, sugar, ethyl alcohol, and meat, the business sector’s expectations are not as optimistic.

Some agricultural products have an opportunity in China, given the strong increase in consumption capacity and changes in demand. Photo: Carlos Hernández.

Data from the Foreign Trade Promoter (Procomer), the institution in charge of promoting the exportation of Costa Rican goods and services throughout the world, indicate that in 2016 Costa Rican exports to China totaled US$46 million, US$111 million in 2017, and US$200 million in 2018.

- Advertisement -

Last year, sales of prostheses for medical use reached US$59 million, those of sugar reported US$36 million and those of beef, US$22 million, registering increases of 789%, 42%, and 46%, respectively, over 2017.

Karina Lopez Porras, coordinator of Market Research at Procomer, explained to La Nacion that “… in the cases of sugar and ethyl alcohol we cannot ensure that this 2019 and in the coming years are maintained exports, as Costa Rica is seeking increasingly the best options in price to place these products in the international market. Historical behavior indicates that if there is a better price in another market the sale is changed.”

Although exports have grown considerably, the expectations of some productive sectors are moderate. For Francisco Arias, manager of Corporate and Livestock Relations at Dos Pinos, “… China has been losing economic dynamism making domestic demand grow at more modest rates, additionally, the remoteness of that market represents additional logistical challenges and limit the portfolio of products that can be shipped.”

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Related Articles

Government does not plan to announce expansion of restrictive measures

QCOSTARICA - The Government of Carlos Alvarado confirmed on Friday that...

Business sector fears not being able to bear another ‘hammer’ blow

QCOSTARICA - Through campaigns on social networks and a call for...

MOST READ

Guide to the COVID Travel Restrictions for Central America

QCOSTARICA - A country-by-country guide to the current Covid travel restrictions for Central America guidelines during the COVID-19 crisis. Costa Rica (open) Costa Rica opened its...

Who are the richest entrepreneurs in the region?

QCOSTARICA - 2020 was marked as a complex year worldwide due to the Covid-19 pandemic, however, the following are entrepreneurs who were not only...

Farmer’s fairs remain fertile despite the effects of the pandemic

QCOSTARICA - Despite the effects of the pandemic, "ferias" (farmers fairs) that are a staple on weekends across the country, from small towns to...

New restrictions outrage hospital staff while business applauds “balance”

QCOSTARICA - The measures announced by the Government to reduce COVID-19 infections and hospital saturation unleashed a wave of reproaches, from one sector, and...

Caja to move ‘non-covid’ patients to private hospitals

QCOSTARICA - Caja patients with diseases other than covid-19 will be transferred to private hospitals, to make room for covid patients, through the "Urgent...

Costa Rica ranks first in human talent in Central America

QCOSTARICA - The Global Talent Competitiveness Index (IGCT) 2020 revealed that out of 132 countries, Costa Rica ranks 37th in human talent with a...

Travel agencies estimate 10,000 Costa Ricans who will travel to the United Stares to be vaccinated

QCOSTARICA - The demand of Costa Ricans to go to get vaccinated against covid-19 in the United States increased strongly from Semana Santa, so...

Today’s Covid News: 32 deaths in the last 24 hours; 3,039 news cases

QCOSTARICA - Costa Rica reported this Thursday the highest number of deaths associated with covid-19 in a single day, since the start of the...

Rodolfo Méndez will complete the Circunvalación, a work that he started in 1978

QCOSTARICA - It's been almost 43 years since the Circunvalación (Ruta 39) project, to provide the capital with a peripheral ring road, was started,...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.