2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Mexico-Costa Rica Trade: In 2022, Mexico exported $1.09B to Costa Rica. The main products that Mexico exported to Costa Rica were Packaged Medicaments ($47.6M), Insulated Wire ($37.5M), and Animal Food ($31.1M). Over the past 5 years the exports of Mexico to Costa Rica have increased at an annualized rate of 42.4%, from $186M in 2017 to $1.09B in 2022.

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

Costa Rica-Mexico Trade: In 2022, Costa Rica exported $323M to Mexico. The main products that Costa Rica exported to Mexico were Other Edible Preparations ($86.1M), Palm Oil ($80.4M), and Orthopedic Appliances ($45.7M). Over the past 5 years the exports of Costa Rica to Mexico have increased at an annualized rate of 71.2%,  from $22M in 2017 to $323M in 2022.

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

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $1.09B to Costa Rica. The main products exported from Mexico to Costa Rica were Packaged Medicaments ($47.6M), Insulated Wire ($37.5M), and Animal Food ($31.1M). During the last 5 years the exports of Mexico to Costa Rica have increased at an annualized rate of 42.4%, from $186M in 2017 to $1.09B in 2022.

In 2017, Costa Rica exported $323M to Mexico. The main products exported from Costa Rica to Mexico were Other Edible Preparations ($86.1M), Palm Oil ($80.4M), and Orthopedic Appliances ($45.7M). During the last 22 years the exports of Costa Rica to Mexico have increased at an annualized rate of 71.2%, from $22M in 1995 to $323M in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and Costa Rica (Flag)

Mexico Exports

Costa Rica Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Costa Rica
Top Destination
United States$6.83B

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 2022, countries that imported more from Mexico than Costa Rica included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Costa Rica than Mexico included Haiti ($18.8M), Russia ($24.4M), and Libya ($8.47M).

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

Comparative Advantage Mexico - Costa Rica

Flow
Scale

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

During 2022, Mexico had a large net trade with Costa Rica in the exports of Chemical Products ($214M), Machines ($199M), and Foodstuffs ($135M).

During 2017, Costa Rica had a large net trade with Mexico in the exports of Animal and Vegetable Bi-Products ($103M), Foodstuffs ($97.4M), and Machines ($74.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Costa Rica+$34.5MCars
Top Product Potential Costa Rica Mexico+$24.2MIntegrated Circuits

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 Mexico and Costa Rica. This means that a dot/product with the flag of Mexico 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 Mexico.

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

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