American Expatriate Costa Rica

Manufacturing exports show low growth rate

The manufacturing industry exported $645 million in January this year, which represented 74% of the exports of goods of the country.

The growth in exports of the industry in the free zone in January was 17.4%, while outside the free zone it was only 2.1%.

We are a sector that contributes three quarters of what the country sold to the world in the first month of the year. We are concerned that the main destination of exports of the industry outside the free zone, which is Central America, where 65% of sales are directed, has fallen by -5.6% in January,”

explained Francisco Gamboa, Executive Director of the Chamber of Industry.

Specifically, the drop in exports to Nicaragua was 20%; to Guatemala 7%, and to El Salvador 7%.

It is urgent to see how we recover the lost ground in sales to what should be practically an extension of our local market, such as Central America,”

said Gamboa.

crhoy.com