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2023
Flag → Flag
Exports $9.5BRnk 1 / 172
2023
Flag → Flag
Top Product $3.52BMedical Instruments
2023
Flag → Flag
Exports $8.55BRnk 37 / 220
2023
Flag → Flag
Top Product $1.98BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Costa Rica-United States Trade: In 2023, Costa Rica exported $9.5B to United States. The main products that Costa Rica exported to United States were Medical Instruments ($3.52B), Orthopedic Appliances ($1.17B), and Integrated Circuits ($894M). Over the past 5 years the exports of Costa Rica to United States have increased at an annualized rate of 14%, from $4.94B in 2018 to $9.5B in 2023.

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

United States-Costa Rica Trade: In 2023, United States exported $8.55B to Costa Rica. The main products that United States exported to Costa Rica were Refined Petroleum ($1.98B), Medical Instruments ($582M), and Broadcasting Equipment ($254M). Over the past 5 years the exports of United States to Costa Rica have increased at an annualized rate of 5.7%,  from $6.48B in 2018 to $8.55B in 2023.

In 2017, United States exported services to Costa Rica worth $1.87B, with Travel ($777M), Transportation ($426M), and Financial services ($239M) being the largest in terms of value.

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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $9.5B to United States. The main products exported from Costa Rica to United States were Medical Instruments ($3.52B), Orthopedic Appliances ($1.17B), and Integrated Circuits ($894M). During the last 5 years the exports of Costa Rica to United States have increased at an annualized rate of 14%, from $4.94B in 2018 to $9.5B in 2023.

In 2018, United States exported $8.55B to Costa Rica. The main products exported from United States to Costa Rica were Refined Petroleum ($1.98B), Medical Instruments ($582M), and Broadcasting Equipment ($254M). During the last 5 years the exports of United States to Costa Rica have increased at an annualized rate of 5.7%, from $6.48B in 2023 to $8.55B in 2018.

Exports from Costa Rica (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and United States (Flag)

Costa Rica Exports

United States Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
United States
Top DestinationCanada$269B

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

In 2023, countries that imported more from Costa Rica than United States included Guam ($8k) and Northern Mariana Islands ($2.75k).

In 2023, countries that imported more from United States than Costa Rica included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - United States

Flow
Scale

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

During 2023, Costa Rica had a large net trade with United States in the exports of Instruments ($4.95B), Vegetable Products ($1.8B), and Machines ($1.35B).

During 2018, United States had a large net trade with Costa Rica in the exports of Mineral Products ($2.17B), Machines ($1.42B), and Plastics and Rubbers ($1.01B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica United States+$84.9MIntegrated Circuits
Top Product Potential United States Costa Rica+$38MCars

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 United States. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and United States (Flag) (2023)

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