Japan (JPN) and Costa Rica (CRI) Trade | OEC - The Observatory of Economic Complexity

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Japan-Costa Rica In 2020, Japan exported $272M to Costa Rica. The main products that Japan exported to Costa Rica are Cars ($55.7M), Vaccines, blood, antisera, toxins and cultures ($27.8M), and Hot-Rolled Iron ($21.1M). During the last 25 years the exports of Japan to Costa Rica have increased at an annualized rate of 3.27%, from $122M in 1995 to $272M in 2020.

In 2020, Japan did not export any services to Costa Rica.

Costa Rica-Japan In 2020, Costa Rica exported $301M to Japan. The main products that Costa Rica exported to Japan were Medical Instruments ($194M), Orthopedic Appliances ($52.6M), and Low-voltage Protection Equipment ($8.09M). During the last 25 years the exports of Costa Rica to Japan have increased at an annualized rate of 9.22%, from $33.1M in 1995 to $301M in 2020.

In 2020, Costa Rica did not export any services to Japan.

Comparison In 2020, Japan ranked 1 in the Economic Complexity Index (ECI 2.19), and 4 in total exports ($623B). That same year, Costa Rica ranked 50 in the Economic Complexity Index (ECI 0.18), and 76 in total exports ($14B).

Latest Trends

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October, 2022

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Overview In October 2022, Japan exported ¥6.21B and imported ¥5.5B from Costa Rica, resulting in a positive trade balance of ¥709M. Between October 2021 and October 2022 the exports of Japan have increased by ¥2.68B (75.7%) from ¥3.54B to ¥6.21B, while imports increased by ¥1.16B (26.6%) from ¥4.35B to ¥5.5B.

Trade In October 2022, the top exports of Japan to Costa Rica were Integrated Circuits (¥2.5B), Cars (¥991M), Hot-Rolled Iron (¥684M), Delivery Trucks (¥432M), and Machinery parts, not containing electrical connectors,... (¥207M). In October 2022 the top imports of Japan from Costa Rica were Medical Instruments (¥3.58B), Orthopedic Appliances (¥795M), Coffee (¥267M), Low-voltage Protection Equipment (¥105M), and Insulated Wire (¥64.9M).

Origins In October 2022 the exports of Japan were mainly from Aichi (¥2.64B), Chiba (¥1.74B), Ibaraki (¥527M), Kanagawa (¥489M), and Osaka (¥232M), while imports destinations were mainly Chiba (¥3.93B), Tokyo (¥909M), Kanagawa (¥347M), Osaka (¥150M), and Hyōgo (¥93.9M).

Growth In October 2022, the increase in Japan's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Delivery Trucks (¥104M or 217%), Coated Flat-Rolled Iron (¥46.1M or 47.2%), and Spark-Ignition Engines (¥11.5M or 27.3%). In October 2022, the increase in Japan's year-by-year imports from Costa Rica was explained primarily by an increase in product imports in Therapeutic Appliances (¥22.3M or 466%), Knit Socks and Hosiery (¥19M or 1.03k%), and Animal Organs (¥8.27M or 22.4%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (October 2021 - October 2022): ¥2.68B, (75.7%)

IMPORT GROWTH (October 2021 - October 2022): ¥1.16B, (26.6%)

MAIN EXPORTER (October 2022): Aichi, ¥2.64B

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Japan exported $272M to Costa Rica. The main products exported from Japan to Costa Rica were Cars ($55.7M), Vaccines, blood, antisera, toxins and cultures ($27.8M), and Hot-Rolled Iron ($21.1M). During the last 25 years the exports of Japan to Costa Rica have increased at an annualized rate of 3.27%, from $122M in 1995 to $272M in 2020.

In 2020, Costa Rica exported $301M to Japan. The main products exported from Costa Rica to Japan were Medical Instruments ($194M), Orthopedic Appliances ($52.6M), and Low-voltage Protection Equipment ($8.09M). During the last 25 years the exports of Costa Rica to Japan have increased at an annualized rate of 9.22%, from $33.1M in 1995 to $301M in 2020.

Market Competitiveness

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Measure

SectionYear

Japan
Top Destination: China, $133B

Costa Rica
Top Destination: United States, $5.19B

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

In 2019, countries that imported more from Japan than Costa Rica were China ($133B), United States ($112B), and South Korea ($42.9B).

In 2019, countries that imported more from Costa Rica than Japan were Guatemala ($633M), Nicaragua ($463M), and Honduras ($372M).

Comparative Advantage Japan - Costa Rica

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Flow

Year

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

During 2020, Japan had a large net trade with Costa Rica in the exports of Transportation ($83.7M), Metals ($72.8M), and Machines ($42M).

During 2020, Costa Rica had a large net trade with Japan in the exports of Instruments ($248M), Machines ($19.3M), and Vegetable Products ($13.5M).

Economic Complexity

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Competitive Landscape

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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 Japan has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over Japan.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Japan - Costa Rica

Economic Complexity

Competitive Landscape

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