Leading services imports from Costa Rica to the U.S. were in the travel, professional and management services, and technical and other services sectors. U.S. exports to Costa Rica are up 9.5% from 2008 (pre-FTA). Merchandise exports from Costa Rica increased by 1.77% compared to 2018. No data on Costa Rica's FDI in the U.S. are available. Imports in Costa Rica increased to 1302.94 USD Million in October from 1169.58 USD Million in September of 2020. The U.S. goods and services trade deficit with Costa Rica was $49 million in 2019. 40 among U.S. trade partners in September. 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. Various industrial and processed agricultural products have broadened exports in recent years, as have high value-added goods, including medical devices. Resolution DGT-R-35-2019 clarifies the rules for electronic receipts and any related VAT with regard to transportation services for goods destined for export Read a July 2019 report [PDF 45 KB] prepared by the KPMG member firm in Costa Rica Poverty has remained around 20-25% for nearly 20 years, and the governmentâs strong social safety net has ⦠In 2019, Costa Rica GDP was an estimated $61.0 billion (current market exchange rates); real GDP was up by an estimated 2.1%; and the population was 5 million. Exports of bananas, coffee, sugar, and beef are the backbone of its commodity exports. Costa Rica´s main export partner is the United States (37 percent of total exports). 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). The fall of Costa Rica's pineapple exports in 2019, both in volume and value, ended three years of sustained growth. Thanks to its stable and developed economic base, Costa Ricans enjoy a higher standard of living than other Central American countries like neighbor Nicaragua and also has a stronger growth rate in terms of social, political and economic matters. Costa Rica is the oldest continuous democracy in Latin America with moderate economic growth rates (3.3 percent in 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. From a continental perspective, Latin American excluding Mexico plus the Caribbean accounted for the highest dollar worth of banana exports in 2019 via shipments valued at $8.3 billion or 56.9% of international banana sales. Exports of Costa Rica increased from 6,483 million US dollars in 2000 to 21,223 million US dollars in 2019 growing at an average annual rate of 6.62%. The CAFTA-DR entered into force for the Dominican Republic on March 1, 2007, and for Costa Rica on January 1, 2009. Log in. The new government recognizes the challenges and passed a fiscal reform billâsomething in the works for ⦠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. The United States remains Costa Ricaâs largest trading partner and Costa Ricaâs largest foreign direct investor with $10.8 billion in ⦠Trade in services with Costa Rica (exports and imports) totaled an estimated $5.1 billion in 2019. to Costa Rica in the first eight months of the year. 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. The U.S. services trade deficit with Costa Rica was $1.1 billion in 2019. Exports from the Caribbean are forecast to drop to some 114 000 tonnes in 2019 â a decrease of Leading services exports from the U.S. to Costa Rica were in the travel, transport, and intellectual property (industrial processes) sectors. 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. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Optical, technical, medical apparatus: US$3.7 billion (31.9% of total exports), Miscellaneous food preparations: $593.9 million (5.2%), Electrical machinery, equipment: $471.6 million (4.1%), Plastics, plastic articles: $378.9 million (3.3%), Vegetable/fruit/nut preparations: $334.6 million (2.9%), Coffee, tea, spices: $285.6 million (2.5%), Rubber, rubber articles: $270.3 million (2.4%), Optical, technical, medical apparatus: US$2.9 billion (Up by 7% since 2018), Fruits, nuts: $2.1 billion (Down by -3.4%), Miscellaneous food preparations: $343 million (Up by 11.1%), Coffee, tea, spices: $252 million (Down by -16.8%), Vegetable/fruit/nut preparations: $175.3 million (Down by -20.2%), Live trees, plants, cut flowers: $121.6 million (Up by 3.5%), Dairy, eggs, honey: $99.4 million (Up by 21.6%), Miscellaneous manufactured articles: $79.5 million (Up by 5.8%), Animal/vegetable fats, oils, waxes: $49.8 million (Down by -39.7%), Mineral fuels including oil: US-$1.7 billion (Down by -1.5% since 2018), Machinery including computers: -$1.24 billion (Down by -11.7%), Electrical machinery, equipment: -$1.16 billion (Down by -1.4%), Plastics, plastic articles: -$1.0 billion (Up by 4.7%), Vehicles: -$943.8 million (Down by -15.3%), Paper, paper items: -$560.4 million (Down by -6.4%), Pharmaceuticals: -$493.7 million (Up by 7.1%), Articles of iron or steel: -$389.6 million (Up by 15.8%), Iron, steel: -$337.8 million (Down by -26.9%), Florida Ice and Farm Company (brewery, food processor). 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