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Costa Rica reports $3 billion trade deficit for first half of 2014

July 22nd, 2014 (InsideCostaRica.com) Costa Rica’s Central Bank reported yesterday that the country closed the first half of the year with a $3 billion trade deficit.

 

Total exports for the first half of the year were $5.8 billion, an increase of 0.5% over the same period last year.

 

Meanwhile, the country imported nearly $9 billion in the first half, an increase of 1.1% compared to the same period in 2013.

 

Manufacturers and companies operating in the country’s free trade zones were the primary drivers of exports, while commodities led the charge in imports.

 

Costa Rica’s Foreign Trade Ministry notes that the departure of Intel’s manufacturing operations has had an impact on the country’s export figures.

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