Trade deficit
The gap between imports
and exports in the year
to June 2008 doubled
compared to the year to
June 2007. The overall
amount was us$2.55
Billion.
The information from the
Central Bank is based on
the payment balance,
which shows foreign
currency – namely
dollars – income and
expenditures from
exports and imports.
The increase in the
current account deficit
is explained basically
by the rise in the
prices of oil and of
food.
Also, exports have been
hit by a decrease in the
sales to the United
States market and the
revaluation of the Costa
Rican currency recorded
through last April. |
