Pineapple and banana exports from Costa Rica are picking up again

Published 2023년 8월 9일

Tridge summary

Banana and pineapple exports in Costa Rica have experienced significant growth in the first half of 2023, with a 19% increase for bananas and 13% increase for pineapples compared to the same period in 2022. Both crops accounted for 6% of the country's total exports and are part of the horticultural sector, which is the second fastest-growing and most important sector after the medical field. The favorable weather conditions, lower transportation costs, and increased demand in the European market have contributed to higher profit margins for these exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the most recent statistics published by the Costa Rican Foreign Trade Promotion Agency (Procomer), banana exports grew by 19% in the first half of the year compared to the same period in 2022, while pineapple exports grew by 13%. According to Procomer, between January and June 2023, both pineapple and banana each accounted for 6% of the country's exports and are among the country's second fastest growing and most important sector: horticulture (after medical). The Central Bank of Costa Rica emphasized in its most recent Monthly Index of Economic Activity (IMAE) that weather conditions are favorable for the productivity of both export crops. As a result, the yield in the horticultural sector increased by 2.6%. Siany Villalobos, president of the Chamber of Exporters of Costa Rica (Cadexco) and manager of Grupo Visa, explained to La Nación newspaper that lower transportation costs and growing demand in the European market have resulted in higher profit margins. Cadexco ...

Source: AGF