Monday 20 September 2021

Costa Rica’s Microchip Exports Fell 14% In One Year

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COSTA RICA BUSINESS NEWS — The value of exports of microchip processors  from Costa Rica fell 14% in the last 12 months (November 2013 to October 2014) as compared to the same period the previous period (November 2012 to October 2013).

intel_atom_processorThe total fell from US$2.39 billion in exports in the November 2012 and October 2013 to US$2.052 billion in the November 2013 to October 2014 period.

The decline is due to the gradual departure of US microchip manufacturer Intel.

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Despite the impact of the decline in microprocessor exports, overall Costa Rican exports rose by 0.88% between the two periods, according to the website statistics of the Promotora del Comercio Exterior (Procomer).

Procomer says says that exports went from US$11.52 billion in November 2012 to October 2013 period to US$11.62 billion in the November 2013 to October 2014 period.

According to Procomer, in the first ten months of the year (January to October 2014), exports in medical devices increase US$230 million dollars over the same period last year. Food exports (made up almost entirely of formulas for soft drinks) sores US$34 million; and, milk and dairy products say an increase of US$23 million.

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