United Kingdom (GBR) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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United Kingdom (GBR) and Costa Rica (CRI) Trade

2022

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Exports $113MRnk 101 / 224

2022

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About

United Kingdom-Costa Rica In 2022, United Kingdom exported $113M to Costa Rica. The main products that United Kingdom exported to Costa Rica are Cars ($23.2M), Hard Liquor ($9.09M), and Machinery Having Individual Functions ($5.03M). During the last 27 years the exports of United Kingdom to Costa Rica have increased at an annualized rate of 3.9%, from $40.2M in 1995 to $113M in 2022.

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

Costa Rica-United Kingdom In 2022, Costa Rica exported $335M to United Kingdom. The main products that Costa Rica exported to United Kingdom were Bananas ($107M), Orthopedic Appliances ($61.2M), and Tropical Fruits ($52.7M). During the last 27 years the exports of Costa Rica to United Kingdom have increased at an annualized rate of 4.07%, from $114M in 1995 to $335M in 2022.

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

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £4.37M and imported £19.6M from Costa Rica, resulting in a negative trade balance of £15.2M. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-3.34M (-43.3%) from £7.71M to £4.37M, while imports decreased by £-4.11M (-17.4%) from £23.7M to £19.6M.

Trade In January 2024, the top exports of United Kingdom to Costa Rica were Medical Instruments (£2.69M), Cars (£1.27M), Machinery Having Individual Functions (£258k), Mixed Mineral or Chemical Fertilizers (£204k), and Plastic Lids (£143k). In January 2024 the top imports of United Kingdom from Costa Rica were Bananas (£10.9M), Tropical Fruits (£4.76M), Medical Instruments (£4.23M), Optical Fibers and optical fibre bundles (£609k), and Special Pharmaceuticals (£474k).

Origins In January 2024 the exports of United Kingdom were mainly from London Gateway (£1.91M), London Heathrow Airport (£613k), East Midlands Airport (£331k), Southampton (£211k), and Belfast (£211k), while imports destinations were mainly London Gateway (£10.5M), Southampton (£6.74M), Medway (£1.11M), London Heathrow Airport (£500k), and Felixstowe (£211k).

Growth In January 2024, the decrease in United Kingdom's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Industrial Printers (£-200k or -85.8%), Iron Fasteners (£-145k or -79.7%), and Raw Plastic Sheeting (£-72.9k or -61.5%). In January 2024, the decrease in United Kingdom's year-by-year imports from Costa Rica was explained primarily by an decrease in product imports in Insulated Wire (£-18.5k or -84.4%), Other live plants, cuttings and slips; mushroom... (£-15k or -55.9%), and Used Clothing (£-11.2k or -84.7%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-3.34M(-43.3%)

IMPORT GROWTH (January 2023 - January 2024)£-4.11M(-17.4%)

MAIN EXPORTER (January 2024)London Gateway£1.91M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Costa Rica and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $113M to Costa Rica. The main products exported from United Kingdom to Costa Rica were Cars ($23.2M), Hard Liquor ($9.09M), and Machinery Having Individual Functions ($5.03M). During the last 27 years the exports of United Kingdom to Costa Rica have increased at an annualized rate of 3.9%, from $40.2M in 1995 to $113M in 2022.

In 2022, Costa Rica exported $335M to United Kingdom. The main products exported from Costa Rica to United Kingdom were Bananas ($107M), Orthopedic Appliances ($61.2M), and Tropical Fruits ($52.7M). During the last 27 years the exports of Costa Rica to United Kingdom have increased at an annualized rate of 4.07%, from $114M in 1995 to $335M in 2022.

Exports from United Kingdom () to Costa Rica () (2022)

Exports from Costa Rica () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Costa Rica
Top DestinationUnited States$6.83B

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

In 2021, countries that imported more from United Kingdom than Costa Rica were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Costa Rica than United Kingdom were Guatemala ($821M), Honduras ($517M), and Nicaragua ($593M).

Difference in imports from Costa Rica () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Costa Rica in the exports of Transportation ($27.2M), Chemical Products ($20M), and Machines ($19.9M).

During 2022, Costa Rica had a large net trade with United Kingdom in the exports of Vegetable Products ($184M), Instruments ($98.3M), and Foodstuffs ($18.3M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Costa Rica () (2022)

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