Trade Trend

In 2023, Costa Rica's total export value is 19.03Billion USD, total import value is 24.04Billion USD, Deficit is -5.01Billion USD, and foreign trade dependency is 0.498. In 2023，Costa Rica's top export products are Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(5.70Billion USD), Orthopaedic appliances; including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other which are worn, carried or implanted in the body to compensate for a defect or disability(1.60Billion USD), Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens; fresh or dried(1.12Billion USD), top export destinations are United States(8.61Billion USD), Netherlands(1.57Billion USD), Guatemala(954.96Million USD). In 2023, Costa Rica's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(2.43Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(998.26Million USD), Electronic integrated circuits(870.63Million USD), top import origins are United States(9.57Billion USD), China(3.51Billion USD), Mexico(1.41Billion USD).

Comparing to 2022, Costa Rica's total export value increased 1.27Billion USD(7.15%) in 2023, this could result from its export increases of products such as Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(1.32Billion USD or 30.18%), Orthopaedic appliances; including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other which are worn, carried or implanted in the body to compensate for a defect or disability(399.73Million USD or 33.26%), Pharmaceutical goods(80.96Million USD or 124.58%) and export increases to countries/economics such as United States(533.77Million USD or 6.61%), Netherlands(335.52Million USD or 27.15%), Japan(156.53Million USD or 60.40%). Comparing to 2022, Costa Rica's total import value increased 1.19Billion USD(5.22%) in 2023, this could result from its import increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(350.89Million USD or 54.20%), Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(201.92Million USD or 33.61%), Containers; (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport(117.49Million USD or 32.34%), and its import increases from countries/economies such as United States(475.56Million USD or 5.23%), China(234.06Million USD or 7.15%), Mexico(107.99Million USD or 8.28%).

Cumulated to first 7 months of 2024, Costa Rica's total export value is 8.21Billion USD, total import value is 10.13Billion USD, and tradedeficit is -1.92Billion USD. Cumulated to first 7 months of 2024, Costa Rica's top export products are Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(2.46Billion USD), Electronic integrated circuits(668.74Million USD), Orthopaedic appliances; including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other which are worn, carried or implanted in the body to compensate for a defect or disability(638.90Million USD), and top export destinations are United States(4.02Billion USD), Netherlands(553.74Million USD), China(507.39Million USD). Cumulated to first 7 months of 2024, Costa Rica's top import products are Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electromedical apparatus and sight testing instruments(2.46Billion USD), Electronic integrated circuits(668.74Million USD), Orthopaedic appliances; including crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other which are worn, carried or implanted in the body to compensate for a defect or disability(638.90Million USD), and top import origins areUnited States(4.15Billion USD), China(1.61Billion USD), Mexico(504.78Million USD).