Flag Mexico / Costa Rica Flag

Exports Flag β†’ Flag  (2018): $1.09B, Rnk 24 / 196

Top Product Flag β†’ Flag (2018): $55.7M, Cars

Exports Flag β†’ Flag (2018): $342M, Rnk 9 / 161

Top Product Flag β†’ Flag (2018): $107M, Palm Oil

Economic Complexity of Flag (2018): ECI 1.13, Rnk 21 / 137

Economic Complexity of Flag (2018): ECI 0.27, Rnk 53 / 137

Mexico-Costa Rica: In 2018, Mexico exported $1.09B to Costa Rica. The main products exported from Mexico to Costa Rica were Cars ($55.7M), Insulated Wire ($54.2M), and Packaged Medicaments ($51.5M). During the last 23 years the exports of Mexico to Costa Rica have increased at an annualized rate of 7.94%, from $188M in 1995 to $1.09B in 2018.

Costa Rica-Mexico: In 2018, Costa Rica exported $342M to Mexico. The main products exported from Costa Rica to Mexico were Palm Oil ($107M), Other Edible Preparations ($29.8M), and Coconut Oil ($24.8M). During the last 23 years the exports of Costa Rica to Mexico have increased at an annualized rate of 13.1%, from $20.3M in 1995 to $342M in 2018.

Comparison: In 2018, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). That same year, Costa Rica ranked 53 in the Economic Complexity Index (ECI 0.27), and 80 in total exports ($12.9B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Mexico exported $1.09B to Costa Rica. The main products exported from Mexico to Costa Rica were Cars ($55.7M), Insulated Wire ($54.2M), and Packaged Medicaments ($51.5M). During the last 23 years the exports of Mexico to Costa Rica have increased at an annualized rate of 7.94%, from $188M in 1995 to $1.09B in 2018.

In 2018, Costa Rica exported $342M to Mexico. The main products exported from Costa Rica to Mexico were Palm Oil ($107M), Other Edible Preparations ($29.8M), and Coconut Oil ($24.8M). During the last 23 years the exports of Costa Rica to Mexico have increased at an annualized rate of 13.1%, from $20.3M in 1995 to $342M in 2018.

Market Competitiveness

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Measure

Mexico
Top Destination
: United States, $340B

Costa Rica
Top Destination
: United States, $4.7B

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

In 2018, countries that imported more from Mexico than Costa Rica were United States ($340B), Canada ($18.3B), and Germany ($7.83B).

In 2018, countries that imported more from Costa Rica than Mexico were Saint Martin ($532k), Greenland ($90.2k), and Grenada ($2.2M).

Comparative Advantage Mexico - Costa Rica

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Depth

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

During 2018, Mexico had a large net trade with Costa Rica in the exports of Machines ($239M), Chemical Products ($206M), and Foodstuffs ($127M).

During 2018, Costa Rica had a large net trade with Mexico in the exports of Animal and Vegetable Bi-Products ($132M), Machines ($75.4M), and Foodstuffs ($39.8M).

Tariff Section

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This sections shows import tariffs for products traded between Mexico and Costa Rica (using the HS6 product classification and the last year reported).

In 2017, the products from Mexico that paid the highest import tariffs to enter Costa Rica were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (75%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (75%).

In 2018, the products from Costa Rica that paid the highest import tariffs to enter Mexico were Homogenized preparations of meat and meat offal (84.5%) and Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (80.9%).

Explore Tariff Data

*The tariffs present between Mexico and Costa Rica are:
136: Most Favoured Nation duty rate treatement
192: Preferential tariff for Costa Rica

Trade Forecasts

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This section shows a forecast for total trade between Mexico and Costa Rica. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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