Costa Rica has promoted its food, industry and service offering at Expocomer 2023

Costa Rica. With the aim of strengthening and consolidating Costa Rica’s exportable offer in Panama and other Central American countries, the foreign trade promoter (PROCOMER), the country’s brand Essential Costa Rica and a delegation of 21 companies participated in the multi-sector Expocomer 2023, which took place from March 28 to 30 at the Amador Convention Center in Panama City.

Expocomer has brought together more than 600 companies from more than 30 countries in categories such as food, beverage and agricultural products; Textiles, clothing and accessories. Technology and electronics.

The companies Nutrisol Vite, Empaques Plásticos Ltda, Industrias Alimenticias De La Vega, Comercializadora Interglobal-interglo, Innovo, Play and Dream, Quality XP Development, Demeter Innovation Lab, WeBrand, ZEWS, moOve Marketing; Participate in a booth. while Plastilang, Icepack, Torelli, Instamasa, Chemical/Toons, Apprp Forestal, YuntaTica, Naox, Thermosolutions, Grupo Coris; Promote their products in a show.

“Central America and Panama are natural markets for Costa Rica. Both the high-quality products and services that we export, as well as the language, culture and proximity are some of the characteristics that have allowed us to successfully place many products from various sectors in these regions. That is why Expocomer continues to be an event A major part of our business plan, because it allows many small and medium-sized Costa Rican companies, especially from regions outside the metropolitan metropolitan area, to export,” said Mario Saenz, PROCOMER Export Development Manager.

During the fair, Costa Rican companies had activities such as business agendas with potential buyers from Panama, visits to sales points and platform activations to advertise products and attract interest of customers from Panama and other Central American countries.

For MoOve Marketing, participating in Expocomer was an excellent business networking opportunity. Services such as ours in advertising and audiovisual production are increasingly globalised. Fulfilling our fifth year of incorporation has allowed us to add experience, achieve technical and human capacity to expand our international services, so that all these years of support from PROCOMER begin to be reflected in our operations, the maturity of our business, and of course in the status of international services as it was in Panama and the United States. Walter Monje, General Manager of moOve Marketing, a Pérez Zeledón company, commented.

In 2022*, 636 Costa Rican companies sent their products to Panama, while 948 companies exported to other Central American countries. Exports to the Panamanian market reached $487.9 million last year, with an average annual growth (CAGR) between 2018 and 2022 of 2%.

Panama is Costa Rica’s third export market in the Central American region, accounting for 20% of the total value of exports to this region in 2022. The main export sectors were: food (36%), pharmaceutical chemicals (28%), plastics (10%) and electrical and electronics (6%).

For its part, to Central America, Costa Rica’s exports totaled $1,931 million in 2022, representing 16% of total exports worldwide that year, with a compound annual growth rate between 2018 and 2022 of +10% .

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*Data for Costa Rica’s exports for 2022 excludes the months of April, May and June due to a breach of the Ministry of Finance’s systems.