Thursday 2 April 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,...

Costa Rica To Export Pork to China

As in the case of Panama, Chinese authorities gave their endorsement for the processing plants Porcina Americana and Carnes Zamora to start selling pork products to the Asian giant starting in January 2020. Costa Rica's pig farmers predict a strong impact on employment generation in...

Costa Rica – China Route More Frequencies Managed

Costa Rican exporters are negotiating to change the frequency of the maritime route between Port Moin and Shanghai from monthly to weekly from February 2020. The service began last September 22, when the ship of China Ocean Shipping Company (Cosco), shipping company of the Chinese...

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...

Dollar Exchange Takes A Nose Dive!!!

The dollar exchange dropped almost ¢5 colones overnight, going from ¢578.21 for the sell and ¢589.05 for the buy on Monday, to ¢572.15 and ¢578.29, respectively, this Tuesday. On the Monex market, the dollar traded at ¢575.55 on Monday, ¢3.32 lower than Friday's close, almost...

Brake in consumption and fall in agriculture accentuate economic slowdown

The drop in household consumption, together with the fall of the agricultural sector and trade, accentuated the collapse of Costa Rican production. The Gross Domestic Product (GDP), in the first quarter of this year, had an interannual variation of 1.78%, while in the same period...

Textilera Amoena to close leaving 300 without work

The Textilera Amoena decided to close its operations in Costa Rica, which will leave around 300 people out of work. According to a statement made by the company, the decision is based on substantial changes in market patterns, especially in the supply of textiles. The company,...

Declining Export Competitiveness: Latin America Urgently Needs a Quality Leap

BUENOS AIRES—In the first quarter of 2018, the value of exports from Latin America and the Caribbean grew at a year-on-year rate of 9.7 percent in comparison with the same period in 2017, according to a new report from the Inter-American Development Bank...

Spanish police find an unusual cocktail from Costa Rica – pineapple and cocaine

Spanish police have seized 67 kilos (148 pounds) of cocaine found inside hollowed-out pineapples discovered at Madrid's main fruit and vegetable market, Mercamadrid. The drug-stuffed fruits were among a shipment of pineapples that arrived in the Portuguese port of Setubal by ship from Costa...

Nicaraguan exports to Taiwan boosted by 50%

Nicaragua’s exports to Taiwan reached US$124 million last year, a 50% year-on-year increase. The main exports were shrimp, beef, sugar and coffee, according to the reporte on Thursday by the manager of the Association of Producers and Exporters of Nicaragua (APEN), Mario Arana, and the...

Nicaragua Shelves Canal, Promises Port

Of late there has been little or nothing about the Interoceanic Canada project or Grand Canal in Nicaragua, as the Ministry of Transportation and Infrastructure (MTI) allocates resources to carry out a feasibility study to build a deepwater port in the South Caribbean, in...

Costa Rica Pineapples On Step Away From Exports To China

Q COSTA RICA - The nearly 15,000 kilometres that separates Costa Rica and China does not seem to intimidate Costa Rica pineapple exporters to place their product in that market. The list of barriers that will see the first shipment of China is coming to...

New Rules for Certifying Containers For Central America

(QCOSTARICA) The regulations in force for Central America allow two methods of certifying the weight of cargo moving through ports in the region. The new regulations in force since July 1 oblige entities transporting containerized cargo by sea to certify its weight under the International...

Tire Imports and Exports in Central America

(Q24N) In 2015 countries in the region imported 130,650 tons of new pneumatic tires, worth US$469 million, while Costa Rica exported 30,626 tons. Data on the Pneumatic Tires Market in Central America, provided by the Business Intelligence unit at CentralAmericaData.com, shows that Guatemala led imports...

2,000 Families Live Off The Chayote In Costa Rica

Chayote is one of the more common foods found daily in Costa Rican cuisine. The chayote can be eaten raw in salads, or stuffed and baked. Other preparations include mashing, pickling, frying or boiling. According to the Cámara de Exportadores de Costa Rica (Cadexco), some...

Why Is President Solis in London?

QCOSTARICA - London is the third most important destination of Costa Rican exports to Europe. For that President Luis Guillermo Solis arrived there on Monday, where he is expected to meet with government officials and business executives to promote investment and trade. In a post...

Costa Rica Exports Fall and Rise

(QCOSTARICA) The exit of Intel manufacturing operations in Costa Rica caused a dramatic fall in the exports from free trade zones in the last year.  However, discounting the electronics components sector, imports actually rose 12.7% in the same time period. The total exports from free...

Information Technology Services Outperforms Tourism

(QCOSTARICA) Sales of technology services is outperforming tourism, due to the increasing demand for Costa Rican products. According to the annual report by the Costa Rican Chamber of Information and Communication Technologies (Cámara de Tecnología de Información y Comunicación - CAMTIC), annual exports, excluding components,...

Bad Weather Cause Of Drop In Banana and Pineapple Exports

(QCOSTARICA) -- The gross volume of banana exports fell 13%, while pineapple exports are down 15% in the first trimester of the year compared to the same period in 2014. The decline reflected in the data provided by the Promotora del Comercio Exterior (Procomer) -...

Costa Rica Loss of Competitiveness Takes its Toll

QCOSTARICA - Employers say the 18% decline in exports in February 2015 compared to the same month in 2014 is not due to temporary factors, but to a continued loss of competitiveness. Excessive bureaucracy and the high cost of energy and other factors related to...

Medical Devices Keep Up Momentum in Costa Rica

QCOSTARIA - Some 63 foreign companies in Costa Rica operate facilities for manufacturing medical supplies and devices in areas such as neuromodulation, dentistry, cardiovascular, orthopedics and endoscopy. At the end of 2014 exports of medical devices totaled US$1.9 billion, ie 19% more than reported in...

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

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). The total fell from...

Costa Rica Cocoa Among World’s Best

Located in Moravia de Cutris, in Pocosol de San Carlos, the La Dorada San Luis farm offered up some of the best cocoa from Costa Rica at the 15th annual International Cocoa Awards in Paris. The sample ranked among the 50 best in the world...

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