Costa Rica

Business Opportunities in Costa Rica for UK Exporters
1. Introduction & Snapshot

Costa Rica, with 5 million people, is a stable, environmentally-conscious Central American country. The economy is driven by tourism, agriculture, technology, and renewables, creating opportunities for UK exporters in eco-tourism, agritech, IT, renewable energy, and education.

2. Economic Overview

GDP (2023): ~USD 80 billion
Growth: 3–4%

Key sectors:

Tourism: eco- and adventure tourism

Agriculture: coffee, bananas, pineapples, specialty crops

Technology: software development, IT services

Renewable energy: >99% electricity from renewables

3. Trade Relations with the UK

UK exports: machinery, beverages, chemicals, pharmaceuticals, financial services

UK imports: coffee, bananas, pineapples, electronics, eco-products

Trade framework: CARIFORUM–UK EPA and regional agreements

4. Market Opportunities

Eco-Tourism & Hospitality: Sustainable lodging, consultancy, conservation training

Agriculture & Agritech: Irrigation, organic production, cold-chain logistics

Renewable Energy: Solar, hydro, biomass, energy efficiency

Technology & IT Services: Software development, fintech, cybersecurity

Education & Training: English, vocational training, higher education partnerships

5. Regulatory & Business Environment

High ease of doing business

EPZs for IT and manufacturing

Strong IP protection

Transparent import regulations

6. Cultural & Consumer Insights

Business culture: relationship-based, professional but informal

Urban consumers: quality-conscious, sustainability-minded

7. Challenges & Risks

Small market size

Vulnerability to climate events

Competition from regional suppliers

8. Case Study

UK firms have provided eco-tourism consultancy, renewable energy solutions, and agritech support, demonstrating the value of niche expertise.

9. Practical Entry Tips

Focus on high-value sectors: tourism, agritech, renewable energy, IT

Partner locally

Emphasise sustainability and British quality

10. Conclusion

Costa Rica offers niche but significant opportunities, particularly in sustainable sectors, IT, and education, with an accessible, English-speaking business environment.