The U.S. goods trade surplus with Costa Rica was $1.1 billion in 2019. Exports from the Caribbean are forecast to drop to some 114 000 tonnes in 2019 – a decrease of U.S. exports to Costa Rica are up 9.5% from 2008 (pre-FTA). U.S. imports of services from Costa Rica were an estimated $3.1 billion in 2019, 5.2% ($171 million) less than 2018, but 118% greater than 2009 levels. On August 5, 2004, the United States signed the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) with five Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua) and the Dominican Republic (the Parties). The estimated GDP for 2017 is US$61.5 billion, up significantly from the US$52.6 billion in 2015 while the estimated 2017 per capita is US$12,382. Services exports were $2.0 billion; services imports were $3.1 billion. Inflation remained around 4% to 5% per annum for several years up to 201 Economy - overview: Since 2010, Costa Rica has enjoyed strong and stable economic growth - 3.8% in 2017. SAN JOSE, Nov 1 (Reuters) - Costa Rica's coffee exports fell 57.8% year-on-year in October, continuing a downward trend, according to data … Exports of bananas, coffee, sugar, and beef are the backbone of its commodity exports. Costa Rica: FAIRS Export Certificate Report. No data on Costa Rica's FDI in the U.S. are available. Post was not sent - check your email addresses! Merchandise exports from Costa Rica increased by 1.77% compared to 2018. Costa Rica - Import Tariffs Costa Rica - Import Tariffs Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market. Costa Rica also offers an inversionista visa, which requires an investment of at least $200,000 into a Costa Rican business or real estate. That dollar amount reflects a 19.5% increase since 2015 and a 1.8% uptick from 2018 to 2019. Costa Rica was more aware of this problem than many of its neighbors and took steps to diversify its economy. Leading domestic export categories include: corn ($145 million), soybeans ($92 million), prepared food ($42 million), processed vegetables ($30 million), and poultry meat & products (ex. According to the IMF, Costa Rica's GDP grew an estimated 2.1% in 2019, slightly less than the previous year (2.7%). Costa Rica's impressive biodiversity also makes it a key destination for ecotourism. U.S. goods exports to Costa Rica in 2019 were $6.2 billion, down 3.9% ($251 million) from 2018 but up 32.3% from 2009. Overview: In 2018 Costa Rica was the number 77 economy in the world in terms of GDP (current US$), the number 80 in total exports, the number 82 in total imports, the number 65 economy in terms of GDP per capita (current US$) and the number 53 most complex economy according to the Economic Complexity Index (ECI) Exports: The top exports of Costa Rica are Medical Instruments ($2.69B), … Goods exports grew up by $ 200 million in 2019 (the value of merchandise exports from Costa Rica amounted to $11.2 billion in 2018) Exports … The United States has a services trade deficit of an estimated $1.1 billion with Costa Rica in 2019, down 17.1% from 2018. Costa Rica was the United States' 38th largest goods export market in 2019. Representatives of the National Banana Corporation of Costa Rica (Corbana) explained that in 2018 the 18.14 kilo banana box sold to ALDI was quoted at 13.55 Euros. Details may not equal totals due to rounding. U.S. goods imports from Costa Rica totaled $5.1 billion in 2019, up 5.2% ($256 million) from 2018, but down 8.3% from 2009. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Leading categories include: other fresh fruit ($547 million), bananas and plantains ($391 million), unroasted coffee ($144 million), processed fruit & vegetables ($124 million), and fresh vegetables ($69 million). 40 among U.S. trade partners in September. Last Published: 10/28/2019 Poverty has remained around 20-25% for nearly 20 years, and the government’s strong social safety net has … Last year the country exported 2.13 … Bordered by fellow Central American countries Nicaragua and Panama, the Republic of Costa Rica shipped US$11.5 billion worth of goods around the globe in 2019. Global Economic Prospects. This report provides information on the export certification requirements of the Government of Costa Rica. 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