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Pricing

2022
Flag → Flag
Exports $30.5MRnk 64 / 205
2022
Flag → Flag
Top Product $8.62MMachinery Having Individual Functions
2022
Flag → Flag
Exports $13.7MRnk 61 / 178
2022
Flag → Flag
Top Product $4.93MOscilloscopes
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Philippines-Costa Rica Trade: In 2022, Philippines exported $30.5M to Costa Rica. The main products that Philippines exported to Costa Rica were Machinery Having Individual Functions ($8.62M), Office Machine Parts ($5.49M), and Oscilloscopes ($2.59M). Over the past 5 years the exports of Philippines to Costa Rica have decreased at an annualized rate of 0.85%, from $31.9M in 2017 to $30.5M in 2022.

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

Costa Rica-Philippines Trade: In 2022, Costa Rica exported $13.7M to Philippines. The main products that Costa Rica exported to Philippines were Oscilloscopes ($4.93M), Medical Instruments ($1.53M), and Pesticides ($1.28M). Over the past 5 years the exports of Costa Rica to Philippines have increased at an annualized rate of 0.24%,  from $13.5M in 2017 to $13.7M in 2022.

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

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $3.7M and imported $2.98M from Costa Rica, resulting in a positive trade balance of $724k. Between August 2023 and August 2024 the exports of Philippines have increased by $724k (24.3%) from $2.98M to $3.7M, while imports increased by $1.74M (140%) from $1.24M to $2.98M.

Trade In August 2024, the top exports of Philippines to Costa Rica were Industrial Printers ($861k), Machinery Having Individual Functions ($424k), Oscilloscopes ($335k), Broadcasting Accessories ($159k), and Video Displays ($102k). In August 2024 the top imports of Philippines from Costa Rica were Medical Instruments ($1.21M), Pesticides ($429k), Pasta ($341k), Oscilloscopes ($230k), and Coconut and Other Vegetable Fibers ($143k).

Growth In August 2024, the increase in Philippines's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Video Displays ($83.6k or 455%), Commodities not elsewhere specified ($43k or 19.2k%), and Integrated Circuits ($683 or 1.42%). In August 2024, the increase in Philippines's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Medical Instruments ($927k or 328%), Pasta ($219k or 181%), and Orthopedic Appliances ($32.9k or 133%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$724k(24.3%)
IMPORT GROWTH (August 2023 - August 2024)$1.74M(140%)

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

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

For full datasets download visit Bulk Download page.

Explore Costa Rica and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $30.5M to Costa Rica. The main products exported from Philippines to Costa Rica were Machinery Having Individual Functions ($8.62M), Office Machine Parts ($5.49M), and Oscilloscopes ($2.59M). During the last 5 years the exports of Philippines to Costa Rica have decreased at an annualized rate of 0.85%, from $31.9M in 2017 to $30.5M in 2022.

In 2017, Costa Rica exported $13.7M to Philippines. The main products exported from Costa Rica to Philippines were Oscilloscopes ($4.93M), Medical Instruments ($1.53M), and Pesticides ($1.28M). During the last 5 years the exports of Costa Rica to Philippines have increased at an annualized rate of 0.24%, from $13.5M in 2022 to $13.7M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Philippines than Costa Rica included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

In 2022, countries that imported more from Costa Rica than Philippines included Guatemala ($821M), Nicaragua ($593M), and Belgium ($775M).

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

Comparative Advantage Philippines - Costa Rica

Flow
Scale

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

During 2022, Philippines had a large net trade with Costa Rica in the exports of Machines ($20.8M), Instruments ($5.1M), and Plastics and Rubbers ($1.32M).

During 2017, Costa Rica had a large net trade with Philippines in the exports of Instruments ($7.84M), Chemical Products ($2.23M), and Machines ($1.46M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Costa Rica+$5.87MIntegrated Circuits
Top Product Potential Costa Rica Philippines+$2.69MMedical 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 Philippines and Costa Rica. This means that a dot/product with the flag of Philippines 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 Philippines.

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

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