Costa Rica (CRI) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Costa Rica-Mexico Trade: In 2023, Costa Rica exported $584M to Mexico. The main products that Costa Rica exported to Mexico were Integrated Circuits ($310M), Medical Instruments ($43.7M), and Palm Oil ($41.3M). Over the past 5 years the exports of Costa Rica to Mexico have increased at an annualized rate of 9.38%, from $373M in 2018 to $584M in 2023.

In 2023, Costa Rica did not export any services to Mexico.

Mexico-Costa Rica Trade: In 2023, Mexico exported $1.41B to Costa Rica. The main products that Mexico exported to Costa Rica were Delivery Trucks ($64.6M), Packaged Medicaments ($51.2M), and Insulated Wire ($44.9M). Over the past 5 years the exports of Mexico to Costa Rica have increased at an annualized rate of 3.52%, from $1.19B in 2018 to $1.41B in 2023.

In 2023, Mexico did not export any services to Costa Rica.

Comparison: In 2023, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $584M to Mexico. The main products exported from Costa Rica to Mexico were Integrated Circuits ($310M), Medical Instruments ($43.7M), and Palm Oil ($41.3M). During the last 5 years the exports of Costa Rica to Mexico have increased at an annualized rate of 9.38%, from $373M in 2018 to $584M in 2023.

In 2018, Mexico exported $1.41B to Costa Rica. The main products exported from Mexico to Costa Rica were Delivery Trucks ($64.6M), Packaged Medicaments ($51.2M), and Insulated Wire ($44.9M). During the last 5 years the exports of Mexico to Costa Rica have increased at an annualized rate of 3.52%, from $1.19B in 2023 to $1.41B in 2018.

Exports from Costa Rica () to Mexico () (2023)

Exports from Mexico () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Mexico ()

Costa Rica Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Mexico
Top DestinationUnited States$456B

This map shows whether countries import more from Costa Rica or Mexico. Each country is colored based on the difference in imports they receive from Costa Rica and Mexico or the difference in the growth in imports.

In 2023, countries that imported more from Costa Rica than Mexico included Trinidad and Tobago ($60.8M), Aruba ($22.1M), and Russia ($23.9M).

In 2023, countries that imported more from Mexico than Costa Rica included United States ($456B), Canada ($33B), and China ($15B).

Difference in imports from Mexico () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Costa Rica and Mexico by product, considering products traded by both, Costa Rica and Mexico.

During 2023, Costa Rica had a large net trade with Mexico in the exports of Machines ($359M), Instruments ($58.6M), and Animal and Vegetable Bi-Products ($57.2M).

During 2018, Mexico had a large net trade with Costa Rica in the exports of Machines ($293M), Chemical Products ($263M), and Foodstuffs ($202M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Mexico+$24.2MIntegrated Circuits

Top Product Potential Mexico Costa Rica+$34.5MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Mexico. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Mexico () (2023)

Exports from Mexico () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Mexico ()

Costa Rica Exports

Mexico Exports

Market Competitiveness

Difference in imports from Mexico () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Mexico () (2023)

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