What are the Advantages and Challenges for United States Food Exporters in Costa Rica 2021

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What are the Advantages and Challenges for
United States Food Exporters in Costa Rica 2021
US Import Data Costa Rica Export Data In
2020 Costa Rica was the number 77 economy in the
world in terms of GDP (current US), the number
84 in total exports, the number 87 in total
imports, the number 63 economy in terms of GDP
per capita (current US) and the number 53 most
complex economy according to the Economic
Complexity Index (ECI).
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• 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).
• Imports The top imports of Costa Rica are
  Refined Petroleum(1.52B), Broadcasting
  Equipment (486M), Cars (467M), Medical
  Instruments (445M), and Packaged Medicaments
  (331M), importing mostly from United States
  (6.02B), China (1.88B), Mexico (1.02B),
  Guatemala (428M), and Japan (306M).
• Advantages for US Food Exporters in
• Costa Rica
• Costa Rica government initiated a new on-line
  product business registration system, which
  helps to reduce the registration time for new
  imported products from U.S.
• U.S exporters knows U.S. food products are
  competitive in terms of price and quality .
• The United States is geographically very close to
  Costa Rica next to Panama, which gives
  logistical advantages for marketing and trade.

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• Costa Rica government are beginning to consume
  higher quantities of frozen and prepared foods.
• Surrounded fellow Central America Countries
  Panama and Nicaragua, Costa Rica Import Data
  shows around
• 16.6 billion worth of products in 2019 and 15.9
  billion worth of products in 2017. Its show the
  Panama and USA
• Trade Increasing year by year.
• The United States Ministry of Agriculture will
  build new cold chain facilities in tourist areas
  to facilitate imports of perishables,
  machineries, chilled and frozen foods.
• Retailers are interested in stocking more U.S.
  products, including private-labeled goods.
• U.S. exporters can supply different types of food
  volumes according to Panama local demand and
  maintain reliable supply throughout the year.
  U.S take the advantages of closing border
• A strong tourism sector (residential and
  traditional) provides opportunities for U.S.
  exporters and for development.
• Costa Rica Export Data Shows- Exports to Costa
  Rica in the United States increased to 575.19 USD
  Million in January from 525.18 USD Million in
  December of 2020.

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Disadvantages for US Food Exporters in
Costa Rica

• The Ministry of Health has specific requirements
  for the wording of Certificates of Free Sale.
  Failure to meet these requirements slows down
  product registration.
• Local producers are increasing in the sector.
• Costa Ricas often slow and cumbersome
  bureaucracy
• poses a challenge to doing business in the
  country.
• Many U.S. exporters are unaware that an Apostille
  can serve to validate the Certificate of Free
  Sale.
• U.S. food exporters are not geared to meet the
  needs of the traditional market (13,000 mom
  pop stores), which sell items packaged in small
  sizes.
• Low volume shipments of high-value products face
  additional costs since they must go through
  freight consolidators in Miami or other ports.
• Strong competition.
• U.S. products from the Western United States and
  the upper Midwest face higher transportation
  costs relative to alternate suppliers from the
  rest of Central America.

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Costa Rica Trade Data with the United States was
959.03 million in January, a change of 2.13
percent from the same month one year ago. The
change in exports was -2.64 percent and the
change in imports was 10.22 percent. Costa Rica
ranked ?41 among U.S. trade partners in January.
It had ranked ?41 for the same month last
year. The top three USA Export Data by value in
January were Gasoline, other fuels, (2) Cell
phones, related equipment, and (3) Medical
instruments. The top three U.S. imports from
Costa Rica, also by value, were Medical
instruments, (2) Bananas and plantains, fresh or
dried, and (3) Avocados, dates, figs, pineapples,
etc.. By tonnage, the top three U.S. exports
were (1) Gasoline, other fuels, (2) Corn, and
(3) Soybeans. The top three U.S. imports, also
by tonnage, were (1) Bananas and plantains, fresh
or dried, (2) Avocados, dates, figs, pineapples,
etc., and (3) Cassava, arrowroot, fresh or
dry. This article provides you with some
valuable insights about how Costa Rica United
States can be beneficial for the growth and
expansion of the business. What are the factors
that one should consider while assessing import
and export data and how it can be used to form
business trade policies? In my opinion, USA Trade
Data can be worthwhile for any business looking
out from expanding its business and strategic
decision making. It can provide some groundwork
and a great understanding of the prospective
markets and make a business move accordingly.
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Export trade enables one to understand the trade
mechanics, supply chain, market conditions, and
market opportunities. India importers data aids
one to know the exact trade conditions in the
country, the trade policies, goods in demand,
supply chain, etc. Investing in trade data of
growing countries such as Sri Lanka, Paraguay,
Costa Rica, Argentina, etc. can help one to
cognize the international demand of local goods
and services in the market, the speculated market
size, trade barriers, etc. For More Details
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