Mexico (MEX) and Costa Rica (CRI) Trade | OEC - The Observatory of Economic Complexity

About

Mexico-Costa Rica In 2021, Mexico exported $920M to Costa Rica. The main products that Mexico exported to Costa Rica are Packaged Medicaments ($41.1M), Refrigerators ($39M), and Insulated Wire ($36.3M). During the last 26 years the exports of Mexico to Costa Rica have increased at an annualized rate of 6.37%, from $185M in 1995 to $920M in 2021.

In 2021, Mexico did not export any services to Costa Rica.

Costa Rica-Mexico In 2021, Costa Rica exported $382M to Mexico. The main products that Costa Rica exported to Mexico were Palm Oil ($134M), Other Edible Preparations ($67M), and Coconut Oil ($31.4M). During the last 26 years the exports of Costa Rica to Mexico have increased at an annualized rate of 11.6%, from $22M in 1995 to $382M in 2021.

In 2021, Costa Rica did not export any services to Mexico.

Comparison In 2021, Mexico ranked 23 in the Economic Complexity Index (ECI 1.09), and 12 in total exports ($474B). That same year, Costa Rica ranked 52 in the Economic Complexity Index (ECI 0.24), and 79 in total exports ($16.2B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Mexico exported $920M to Costa Rica. The main products exported from Mexico to Costa Rica were Packaged Medicaments ($41.1M), Refrigerators ($39M), and Insulated Wire ($36.3M). During the last 26 years the exports of Mexico to Costa Rica have increased at an annualized rate of 6.37%, from $185M in 1995 to $920M in 2021.

In 2021, Costa Rica exported $382M to Mexico. The main products exported from Costa Rica to Mexico were Palm Oil ($134M), Other Edible Preparations ($67M), and Coconut Oil ($31.4M). During the last 26 years the exports of Costa Rica to Mexico have increased at an annualized rate of 11.6%, from $22M in 1995 to $382M in 2021.

Latest Data

Mexico Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

SectionYear

Mexico
Top Destination: United States, $361B

Costa Rica
Top Destination: United States, $6.31B

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 2021, countries that imported more from Mexico than Costa Rica were United States ($361B), Canada ($17.4B), and China ($9.82B).

In 2021, countries that imported more from Costa Rica than Mexico were Haiti ($25M), Bahamas ($12.6M), and Libya ($9.36M).

Comparative Advantage Mexico - Costa Rica

Flow

Scale

Year

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

During 2021, Mexico had a large net trade with Costa Rica in the exports of Chemical Products ($192M), Machines ($191M), and Foodstuffs ($124M).

During 2021, Costa Rica had a large net trade with Mexico in the exports of Animal and Vegetable Bi-Products ($165M), Foodstuffs ($79.6M), and Machines ($62.7M).

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Mexico Exports

Costa Rica Exports

Market Competitiveness

Comparative Advantage Mexico - Costa Rica

Economic Complexity

Competitive Landscape

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