Economy of Costa Rica
| Statistics | |
|---|---|
| Export goods | bananas, pineapples, coffee, melons, ornamental plants, sugar; beef; seafood; electronic components, medical equipment |
| Main export partners | United States 40.9% Belgium 6.3% Panama 5.6% Netherlands 5.6% Nicaragua 5.1% Guatemala 5% (2017) |
| Imports | $15.15 billion (2017 est.) |
Contents
What does Costa Rica export to the United States?
The top export categories (2-digit HS) in 2019 were: mineral fuels ($1.4 billion), electrical machinery ($834 million), optical and medical instruments ($612 million), machinery ($533 million), and plastics ($480 million).
What is the main export of Costa Rica?
Costa Rica´s main exports are electronic components (18 percent of total exports), medical equipment (7.3 percent), pineapples (7 percent) and bananas (6 percent). Costa Rica´s main export partner is the United States (37 percent of total exports).
What are the 4 major exports of Costa Rica?
Exports The top exports of Costa Rica are Medical Instruments ($3.01B), Bananas ($1.18B), Tropical Fruits ($1.11B), Orthopedic Appliances ($817M), and Other Edible Preparations ($464M), exporting mostly to United States ($4.92B), Netherlands ($745M), Belgium ($708M), Guatemala ($632M), and Panama ($592M).
What products are Costa Rica known for?
Nowadays, thanks to the rich volcanic soil, Costa Rica is well-known for its gourmet coffee beans with the famous Tarrazú considered among the finest beans in the world. Along with bananas, coffee might just be the most famous Costa Rican export.
What are major imports and exports in Costa Rica?
Economy of Costa Rica
| Statistics | |
|---|---|
| Export goods | bananas, pineapples, coffee, melons, ornamental plants, sugar; beef; seafood; electronic components, medical equipment |
| Main export partners | United States 40.9% Belgium 6.3% Panama 5.6% Netherlands 5.6% Nicaragua 5.1% Guatemala 5% (2017) |
| Imports | $15.15 billion (2017 est.) |
What does Costa Rica import and export with the US?
U.S. exports to Costa Rica include petroleum products, electrical machinery, optical and medical instruments, machinery, and plastics. U.S. imports from Costa Rica include medical devices, pineapples, bananas, and coffee.
What are the top 3 major sources of income for Costa Rica?
The tourism industry has experienced the fastest growth in the country, and in 1995 it had become the country’s biggest earner of foreign exchange. As of 1999, earnings from tourism overtook the revenues from exports of the top three most important crops, which include coffee, pineapples, and bananas.
Why is Costa Rica so rich?
Known for its beaches, mountain ranges, volcanoes and varied wildlife, Costa Rica’s rich biodiversity makes it a popular destination for eco-tourists. Traditionally a producer of agricultural goods such as coffee and bananas, its economy has diversified and tourism now ranks as the country’s number one earner.
What agricultural product is grown mainly in Costa Rica?
The primary agriculture of Costa Rica is well diversified: coffee, bananas, shortcycle crops, cattle for beef and dairy, and forest plantations account for the vast majority of the use of the land. However, in terms of value of production per hectare, other crops are more important.
What food does Costa Rica export?
The main exports include: bananas, pineapples, coffee, sugar, rice, vegetables, tropical fruits, ornamental plants, corn, potatoes and palm oil. Almost 10% of Costa Rica’s land use is devoted to agriculture.
What economy does Costa Rica have?
Costa Rica has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation.
What product does the US have absolute advantage over Costa Rica?
Although the United States has an absolute advantage in producing both com- modities, it has a comparative advantage only in wheat. This is because its advantage in wheat production is 2.5 times that of Costa Rica, but its advantage in coffee is only twice that of Costa Rica.
What does Costa Rica import?
Costa Rica’s main imports are fuel, electronics, pharmaceuticals and capital equipment. Costa Rica’s main import partner is the United States (52 percent of total imports). Other main partners are: China, Mexico, Japan and Panama.
What animal is Costa Rica known for?
If you visit national parks, you can spot mammals such as jaguars, monkeys, bats, and tapirs. If you choose to dive, you can see the amazing marine life of Costa Rica with turtles, dolphins and eagle rays. You can also see frogs, snakes, and reptiles as well as a wide range of birds and parrots.
What alcohol is Costa Rica known for?
Guaro
Guaro is Costa Rica’s most popular liquor, but don’t let its low price tag and accessibility lead you to believe it’s not worth drinking. This cane liquor has a consistency similar to vodka but with a naturally sweeter taste and lower alcohol content. And like vodka, it’s incredibly versatile in a range of cocktails.
How does Costa Rica make money?
Costa Rica’s economy is based on tourism, agriculture and electronics exports. Coffee and banana exports dominated the economy in Costa Rica until 1998 when technology exports replaced both agricultural and tourism as the top industry. GDP $51.17 billion (2010 est.)
Is Costa Rica in debt?
In 2020, the national debt of Costa Rica amounted to around 38.89 billion U.S. dollars.
What products are produced in Costa Rica?
Costa Rica’s main exports include:coffee, bananas, pineapples, melons, ornamental plants, sugar, corn, rice, beans, potatoes, dairy, seafood, poultry, beef, timber textiles, clothing, electronic components, microprocessors, food processing, medical equipment, construction materials, plastic products, fertilizer, and,
What do Costa Rica and the US have in common?
U.S.-Costa Rica Relations
The United States and Costa Rica enjoy robust bilateral law enforcement and security cooperation, and have signed a maritime cooperation agreement that facilitates narcotics seizures, illegal migrant rescues, illegal fishing seizures, and search-and-rescue missions.
Who owns Costa Rica?
Instead of spending money on the military, the government spends money on education and head 1 people live in Costa Rica. The capital city is San José. The current President is Carlos Alvarado Quesada.
Costa Rica.
| Republic of Costa Rica República de Costa Rica (Spanish) | |
|---|---|
| Internet TLD | .cr |
