Industry Overview and Trends
Costa Rica has been able to set a footprint for itself in this niche arena, benefiting from key intangibles like the provenance, craftmanship and individuality of goods. It has evolved to a consolidated industrial sector that exported $8,636 million, representing 74% of total exports of goods, in 2014. From precision, handmade Major League Baseballs in the Caribbean region and exclusive athletic garments, to patented-technology steel wiring in the Central Pacific, Costa Rica exports approximately 4,000 products to over 156 trade partners, including companies in electronics, textiles, plastics, jewelry, steel, metal mechanics, and paper, among others.Learn more about this sector
leaders in the region
Light manufacturing companies recognize that Costa Rica is an ideal location from which to export because of its competitive advantages in relation to other countries. Costa Rica, with 14 Free Trade agreements and access to 57 trade partners globally, allows access to over 2/3 of the world’s GDP. It’s privileged geography permits easy access to the East and West coasts of the US, to South America, the EU and Asia. And this is complemented by a skilled workforce.
Costa Rica has vast experience in the manufacturing of goods which are part of several global value chains. In 2013, almost 40% of total exports of goods were linked to global value chains, such as electric and electronics, aerospace, medical devices, among others. It hosts a consolidated cluster of multinationals, providing an ideal location to develop business opportunities and establish links with other industries that support high-tech activities in several of their core processes, such as plastic molding, precision machining, plating, stamping and packaging, and most recently E-Beam sterilization, to name a few.