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Viewing cable 06SANJOSE1256, PINEAPPLES AND CHIPS PROPEL COSTA RICAN EXPORT

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Reference ID Created Released Classification Origin
06SANJOSE1256 2006-06-07 17:31 2011-03-21 16:30 UNCLASSIFIED Embassy San Jose 
VZCZCXYZ0052
RR RUEHWEB

DE RUEHSJ #1256 1581731
ZNR UUUUU ZZH
R 071731Z JUN 06
FM AMEMBASSY SAN JOSE
TO RUEHC/SECSTATE WASHDC 5285
INFO RUEHZA/WHA CENTRAL AMERICAN COLLECTIVE
 
UNCLAS SAN JOSE 001256 
 
SIPDIS 
 
SIPDIS 
 
WHA/CEN 
EB/MTA 
 
E.O. 12958: N/A 
TAGS: ETRD ECON EFIN
SUBJECT: PINEAPPLES AND CHIPS PROPEL COSTA RICAN EXPORT 
GROWTH 
 
1. Summary:  Costa Rica's export sales for the first quarter 
of 2006 are up 22% over the previous year.  The Ministry of 
Foreign Trade (COMEX) attributes the growth to increases in 
sales of pineapples and microprocessors. End Summary. 
 
2. Costa Rica's exports for the first quarter of 2006 were 
valued at $1.965 billion versus $1.615 billion during the 
same period of 2005.  According to COMEX the strong growth 
is attributable to a 62% increase in pineapple exports and a 
39% increase in exports of microprocessors manufactured 
almost exclusively by Intel. If Intel exports are excluded, 
first quarter growth in export sales drops from 22% to 18%. 
 
3.  For the third straight year Costa Rica has experienced 
strong export sales growth in the first quarter of the year. 
According to data from Procomer (Promotora del Comercio 
Exterior) the country's first quarter exports grew   $1.529 
billion in 2003, to $1.615 billion in 2004, to $1.965 in the 
current year, an increase of 28%. 
 
4.  The Ministry indicated that other strong export 
performers in 2006 are bananas up 23%, pharmaceuticals up 
16%, and prepared foods up 8%.  Overall exports to the U.S. 
were up 17%.  COMEX stated that businessmen are committed to 
meeting the national objective to export at least $11 
billion in goods by 2010.