Sunday, 25 October 2020
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Ycua goes from being an exotic snack to exploring its export potential

Yuca (Cassava in English), a common root for the Costa Rican consumer, is an exotic snack with growth possibilities for the main markets in the world, something that six companies already take advantage of in Costa Rica. According to managers of the Costa Rican Chamber...

Costa Rica Goods Exports Decline

In 2019, exports of goods are estimated to total nearly US$11.5 billion, barely 2% higher than reported in the previous year, and far from the 6% increase recorded in 2018, according to estimates by the Ministerio de Comercio Exterior (Comex) - Ministry of Foreign...

Costa Rica among the 50 richest countries in the world

Costa Rica ranks last among the 50 richest countries in the world, according to GOBankingRates. The annual GDP per capita, that is, the result of dividing the total production of a country in a year, among its number of inhabitants, is US$11,810.08 According to GoBankingRates,...

New Financial Services Center

Stryker, a medical technology company, opened a new financial services center located in the province of Heredia, from where it will support all its financial activities in the Americas. The operation is in San Antonio Business Park, in Heredia, where the company opened its offices...

Costa Rica Approves Trade Agreement with UK

Costa Rica's Legislative Assembly approved a trade agreement between Costa Rica and the United Kingdom that protects commercial conditions previously negotiated with the European Union (EU). The agreement ended months of high uncertainty for the national export sector. Under the agreement, the trade relationship between...

With a new plant, Parrita producers will again export papaya to Spain and Canada

What was a dream a few years ago, today became a reality, Costa Rica will again re-export papaya to Spain and Canada. With the opening of the new fruit packing plant in El Jicote de Parrita, Víctor Carvajal, general manager of the Cooperativa de Productores...

Chinese shipping company opens direct service from Moín to Shanghai

The Chinese state-owned shipping and logistics services supplier company, Cosco (China Ocean Shipping Company), opened a new maritime service between Moin (Limon), and Shanghai (China), which will reduce transit time from 34 to 40 days to 22 or 23 days. The first ship arrived last...

Panama, A Market for Costa Rica

For Costa Rican businessmen, the neighboring country is a very important market, since it is dedicated to logistics, trade and financial intermediation, and demands different types of goods produced by Costa Rica. In 2018 Costa Rican exports to the Panamanian market totaled US$606 million, which...

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. Data from the Foreign Trade Promoter (Procomer), the institution in charge of promoting the exportation...

Regime change in Venezuela would open business opportunities for Costa Rica

There is no certainty that the Venezuelan political regime is about to change. However, the events of the last few weeks would increase the likelihood of a transition to an economic system in which the market plays an important role, which encourages Costa Rican merchants. Venezuela...

Costa Rica Exports to Nicaragua plummeted 51% in June

Exports to Nicaragua plummeted 51% in June says the Promotora del Comercio Exterior de Costa Rica (Procomer) - Foreign Trade Ministry. Francisco Gamboa, executive director of the Chamber of Industries of Costa Rica (ICRC) said that "analyzing the data published on Monday by Procomer, we,...

Costa Rica Exports Up 6% as of June 2018

In the first semester, sales of goods abroad totaled US$5.718 billion, registering an increase of 6% with respect to the same period in 2017. According to the latest report by the Ministry of Foreign Trade (COMEX), during the first half of the five year period...

How Costa Rica Exporter Used Fruit to Cheat U.S. Consumers

Ricardo Rudin Mathieu ran a racket. He put labels bearing the U.S. Department of Agriculture’s organic seal on boxes of pineapples grown conventionally with chemicals. Before Rudin was caught, he managed to export more than 400,000 of the phony organics to the United States and...

“Costa Rica Essential” in Seoul

With an eye to opening up new business opportunities for domestic exporters, the Foreign Trade of Costa Rica (PROCOMER) inaugurated Thursday a new headquarters in the Seoul, South Korea's capital city. "With this new sales representation in addition to the existing ones, there are 41...

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