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2022
Flag → Flag
Exports $361MRnk 65 / 211
2022
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Top Product $106MCars
2022
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Exports $222MRnk 13 / 178
2022
Flag → Flag
Top Product $231MMedical Instruments
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
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GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186
2022
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GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
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GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Japan-Costa Rica Trade: In 2022, Japan exported $361M to Costa Rica. The main products that Japan exported to Costa Rica were Cars ($106M), Integrated Circuits ($48M), and Hot-Rolled Iron ($47.6M). Over the past 5 years the exports of Japan to Costa Rica have increased at an annualized rate of 24.1%, from $123M in 2017 to $361M in 2022.

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

Costa Rica-Japan Trade: In 2022, Costa Rica exported $222M to Japan. The main products that Costa Rica exported to Japan were Medical Instruments ($231M), Orthopedic Appliances ($20.9M), and Coffee ($7.34M). Over the past 5 years the exports of Costa Rica to Japan have increased at an annualized rate of 46.3%,  from $33.2M in 2017 to $222M in 2022.

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

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

April, 2024

About

Overview In April 2024, Japan exported ¥8.35B and imported ¥6.6B from Costa Rica, resulting in a positive trade balance of ¥1.75B. Between April 2023 and April 2024 the exports of Japan have increased by ¥4.73B (130%) from ¥3.63B to ¥8.35B, while imports increased by ¥1.34B (25.5%) from ¥5.26B to ¥6.6B.

Trade In April 2024, the top exports of Japan to Costa Rica were Integrated Circuits (¥1.04B), Cars (¥483M), Cold-Rolled Iron (¥414M), Hot-Rolled Iron (¥313M), and Machinery parts, not containing electrical connectors,... (¥137M). In April 2024 the top imports of Japan from Costa Rica were Medical Instruments (¥3.51B), Orthopedic Appliances (¥470M), Low-voltage Protection Equipment (¥150M), Optical Fibers and optical fibre bundles (¥77.9M), and Video Cameras (¥69.3M).

Origins In April 2024 the exports of Japan were mainly from Aichi (¥3.81B), Fukuoka (¥1.37B), Chiba (¥835M), Okayama (¥608M), and Kanagawa (¥402M), while imports destinations were mainly Chiba (¥4.85B), Tokyo (¥1.11B), Shizuoka (¥183M), Osaka (¥161M), and Kanagawa (¥144M).

Growth In April 2024, the increase in Japan's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Integrated Circuits (¥683M or 190%), Machinery parts, not containing electrical connectors,... (¥78.1M or 132%), and Combustion Engines (¥37.4M or 7.52k%). In April 2024, the increase in Japan's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Low-voltage Protection Equipment (¥58.5M or 64.1%), Video Cameras (¥46.9M or 209%), and Other Plastic Products (¥32.3M or 95%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (April 2023 - April 2024)¥4.73B(130%)
IMPORT GROWTH (April 2023 - April 2024)¥1.34B(25.5%)
MAIN EXPORTER (April 2024)Aichi¥3.81B

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.

For full datasets download visit Bulk Download page.

Explore Costa Rica and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $361M to Costa Rica. The main products exported from Japan to Costa Rica were Cars ($106M), Integrated Circuits ($48M), and Hot-Rolled Iron ($47.6M). During the last 5 years the exports of Japan to Costa Rica have increased at an annualized rate of 24.1%, from $123M in 2017 to $361M in 2022.

In 2017, Costa Rica exported $222M to Japan. The main products exported from Costa Rica to Japan were Medical Instruments ($231M), Orthopedic Appliances ($20.9M), and Coffee ($7.34M). During the last 22 years the exports of Costa Rica to Japan have increased at an annualized rate of 46.3%, from $33.2M in 1995 to $222M in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Costa Rica
Top DestinationUnited States$6.83B

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 2022, countries that imported more from Japan than Costa Rica included China ($135B), United States ($137B), and South Korea ($50.8B).

In 2022, countries that imported more from Costa Rica than Japan included Nicaragua ($593M), Honduras ($517M), and Guatemala ($821M).

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

Comparative Advantage Japan - Costa Rica

Flow
Scale

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

During 2022, Japan had a large net trade with Costa Rica in the exports of Transportation ($157M), Metals ($125M), and Machines ($116M).

During 2017, Costa Rica had a large net trade with Japan in the exports of Instruments ($261M), Vegetable Products ($12.9M), and Machines ($11.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Costa Rica+$33.9MCars
Top Product Potential Costa Rica Japan+$32.6MMedical Instruments

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

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

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