Canada / Costa Rica

Overview In January 2024, Canada exported C$18.9M and imported C$99.4M from Costa Rica, resulting in a negative trade balance of C$80.5M. Between January 2023 and January 2024 the exports of Canada have decreased by C$-7.13M (-27.4%) from C$26M to C$18.9M, while imports increased by C$50.1M (102%) from C$49.2M to C$99.4M.

Trade In January 2024, the top exports of Canada to Costa Rica were Wheat (C$15M), Medical Instruments (C$4.91M), Other Frozen Vegetables (C$837k), Refined Petroleum (C$600k), and Packaged Medicaments (C$573k). In January 2024 the top imports of Canada from Costa Rica were Medical Instruments (C$16.4M), Tropical Fruits (C$10.4M), Bananas (C$6.82M), Orthopedic Appliances (C$1.63M), and Rubber Tires (C$1.35M).

Origins In January 2024 the exports of Canada were mainly from Saskatchewan (C$5.94M), Ontario (C$5.54M), Quebec (C$3.6M), British Columbia (C$1.49M), and New Brunswick (C$770k), while imports destinations were mainly British Columbia (C$41M), Ontario (C$39.5M), Quebec (C$13.4M), Alberta (C$3.42M), and Manitoba (C$1.43M).

Growth In January 2024, the decrease in Canada's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Other Measuring Instruments (C$-299k or -97.5%), Insulated Wire (C$-206k or -99.6%), and Animal Food (C$-127k or -39.5%). In January 2024, the increase in Canada's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Tropical Fruits (C$2.22M or 27%), Medical Instruments (C$461k or 2.9%), and Non-fillet Fresh Fish (C$362k or 2.38k%).