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Pricing

2022
Flag → Flag
Exports $13.7MRnk 61 / 178
2022
Flag → Flag
Top Product $4.93MOscilloscopes
2022
Flag → Flag
Exports $30.5MRnk 64 / 205
2022
Flag → Flag
Top Product $8.62MMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Costa Rica-Philippines Trade: In 2022, Costa Rica exported $13.7M to Philippines. The main products that Costa Rica exported to Philippines were Oscilloscopes ($4.93M), Medical Instruments ($1.53M), and Pesticides ($1.28M). Over the past 5 years the exports of Costa Rica to Philippines have increased at an annualized rate of 0.24%, from $13.5M in 2017 to $13.7M in 2022.

In 2022, Costa Rica did not export any services to Philippines.

Philippines-Costa Rica Trade: In 2022, Philippines exported $30.5M to Costa Rica. The main products that Philippines exported to Costa Rica were Machinery Having Individual Functions ($8.62M), Office Machine Parts ($5.49M), and Oscilloscopes ($2.59M). Over the past 5 years the exports of Philippines to Costa Rica have decreased at an annualized rate of 0.85%,  from $31.9M in 2017 to $30.5M in 2022.

In 2022, Philippines did not export any services to Costa Rica.

Comparison: In 2022,  Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $13.7M to Philippines. The main products exported from Costa Rica to Philippines were Oscilloscopes ($4.93M), Medical Instruments ($1.53M), and Pesticides ($1.28M). During the last 5 years the exports of Costa Rica to Philippines have increased at an annualized rate of 0.24%, from $13.5M in 2017 to $13.7M in 2022.

In 2017, Philippines exported $30.5M to Costa Rica. The main products exported from Philippines to Costa Rica were Machinery Having Individual Functions ($8.62M), Office Machine Parts ($5.49M), and Oscilloscopes ($2.59M). During the last 5 years the exports of Philippines to Costa Rica have decreased at an annualized rate of 0.85%, from $31.9M in 2022 to $30.5M in 2017.

Exports from Costa Rica (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to Costa Rica (Flag) (2022)

Latest Data

Trade between Costa Rica (Flag) and Philippines (Flag)

Costa Rica Exports

Philippines Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Costa Rica than Philippines included Guatemala ($821M), Nicaragua ($593M), and Belgium ($775M).

In 2022, countries that imported more from Philippines than Costa Rica included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

Difference in imports from Philippines (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Philippines

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Philippines in the exports of Instruments ($7.84M), Chemical Products ($2.23M), and Machines ($1.46M).

During 2017, Philippines had a large net trade with Costa Rica in the exports of Machines ($20.8M), Instruments ($5.1M), and Plastics and Rubbers ($1.32M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Philippines+$2.69MMedical Instruments
Top Product Potential Philippines Costa Rica+$5.87MIntegrated Circuits

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

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

Product Space of Costa Rica (Flag) and Philippines (Flag) (2022)

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