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India - Costa Rica Business and Cultural Council

Costa Rica, a Central American country, is known for its biodiversity, stable democracy, and eco-tourism. Its capital is San José. The country has no standing army and prioritizes environmental conservation and education. Major exports include coffee and bananas.

Ambassador and Consul General

Global India Business Forum presented Honorary membership to H.E. Dr. Claudio Ansorena, Ambassador of Costa Rica in Delhi. A fruitful discussion to collaborate GIBF and Costa Rica to explore different business opportunities and trade between two countries. Global President- GIBF Dr. Jitendra Joshi and Global Coordinator Deepali Gadkari attended the meeting

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Bananas, pineapples, coffee, melons, ornamental plants

Refined Petroleum,Broadcasting Equipment,Cars, Medical Instruments, Packaged Medicaments

ABOUT Costa Rica

ABOUT COSTA RICA

Costa Rica is a rugged, rain forested Central American country with coastlines on the Caribbean and Pacific. Costa Rica is part of the Central American isthmus and borders Nicaragua to the North, Panama to the South, the Atlantic Ocean to the East, and the Pacific Ocean to the West. The current population of Costa Rica in 2021 is 5,139,052. Capital of Costa Rica is San Jose with population of 1,799,000. Spanish in Costa Rica is spoken with a distinctive national accent and employs peculiar usages. The country`s wealth is better distributed among all social classes than elsewhere in Central America. By the 1990s and into the 21st century the country was again vying with Panama and Belize for Central America`s highest per capita Gross National Product (GNP). The government controls key utilities, including electricity, water, fixed-line telephone, and port and rail facilities, and the entire population is eligible for free medical care, but private enterprise is still strong and influential in policy making. Notwithstanding the country`s traditional dependence on agriculture, less than one-sixth of economically active Costa Ricans work in the agricultural sector, which contributes about one-tenth of GNP. Sugar and coffee, from the highlands; bananas, produced mainly in the Caribbean lowlands; and pineapples, grown in farms located throughout the country, are some of the most important crops, accounting for nearly half the total value of all exports.

BUSINESS OPPORTUNITIES in Costa Rica

BUSINESS OPPORTUNITIES IN COSTA RICA

Since Instruments and appliances used in medical are the largest export of Costa Rica, a lot of businesses dealing with Instruments and appliances used in medical and its by-products can be successfully established. Also, Bananas, Dates, figs, pineapples, avocados are fast growing export industry of Costa Rica.

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EXPORTS AND IMPORTS IN COSTA RICA

Overview In 2022, Costa Rica was the number 83 economy in the world in terms of GDP (current US$), the number 82 in total exports, the number 84 in total imports, the number 66 economy in terms of GDP per capita (current US$) and the number 51 most complex economy according to the Economic Complexity Index (ECI).

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TOP EXPORTS OF COSTA RICA

The top exports of Costa Rica are Medical Instruments ($4.56B), Orthopedic Appliances ($1.41B), Bananas ($1.22B), Tropical Fruits ($1.16B), and Other Edible Preparations ($676M), exporting mostly to United States of America ($6.83B), Netherlands ($1.22B), Guatemala ($821M), Belgium ($775M), and Nicaragua ($593M).

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TOP IMPORTS OF COSTA RICA

The top imports of Costa Rica are Refined Petroleum ($2.16B), Medical Instruments ($737M), Cars ($663M), Broadcasting Equipment ($551M), and Integrated Circuits ($512M), importing mostly from United States of America ($8.09B), China ($3.01B), Mexico ($1.03B), Guatemala ($641M), and Brazil ($558M).

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