January 27th, 2014 (InsideCostaRica.com) Growth in the export of medical devices has led Costa Rica to the top spot in Latin America – and fourth in the world – in the export of industrial high-tech goods, according to a report by Costa Rica’s El Financerio financial news magazine, citing a report from the World Bank.
Exports of these goods exceeded $1.5 billion USD in 2013, and have grown twice as fast as other exports from the country’s free trade zones.
Direct and indirect employment in the sector went from 1,500 jobs in 2000 to 17,285 in 2012. Between the years 2000 and 2013, the number of companies producing medical devices in the country increased from 8 to 57.
The regional president of Bayer, Rafael Villaroel, said his company plans to further expand their operations in the country this year, as a result of a good combination of skilled and professional labor.
“The country is recognized as a safe and reliable destination for the medical industry,” he said.