2022
Flag  
GDP
$467BCURRENT US$
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2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
 GDP
$68.4BCURRENT US$
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2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
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2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Singapore-Costa Rica In 2022, Singapore exported $130M to Costa Rica. The main products that Singapore exported to Costa Rica are Machinery Having Individual Functions ($46.5M), Medical Instruments ($12.7M), and Packaged Medicaments ($9.8M). During the last 27 years the exports of Singapore to Costa Rica have increased at an annualized rate of 9.88%, from $10.2M in 1995 to $130M in 2022.

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

Costa Rica-Singapore In 2022, Costa Rica exported $75.6M to Singapore. The main products that Costa Rica exported to Singapore were Medical Instruments ($23.3M), Orthopedic Appliances ($22.7M), and Integrated Circuits ($13.2M). During the last 27 years the exports of Costa Rica to Singapore have increased at an annualized rate of 11.1%, from $4.44M in 1995 to $75.6M in 2022.

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

Comparison In 2022,  Singapore ranked 5 in the Economic Complexity Index (ECI 1.53), and 21 in total exports ($379B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Singapore exported $130M to Costa Rica. The main products exported from Singapore to Costa Rica were Machinery Having Individual Functions ($46.5M), Medical Instruments ($12.7M), and Packaged Medicaments ($9.8M). During the last 27 years the exports of Singapore to Costa Rica have increased at an annualized rate of 9.88%, from $10.2M in 1995 to $130M in 2022.

In 2022, Costa Rica exported $75.6M to Singapore. The main products exported from Costa Rica to Singapore were Medical Instruments ($23.3M), Orthopedic Appliances ($22.7M), and Integrated Circuits ($13.2M). During the last 27 years the exports of Costa Rica to Singapore have increased at an annualized rate of 11.1%, from $4.44M in 1995 to $75.6M in 2022.

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

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

Latest Data

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

Singapore Exports

Costa Rica Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Costa Rica
Top Destination
United States$6.83B

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

In 2021, countries that imported more from Singapore than Costa Rica were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2021, countries that imported more from Costa Rica than Singapore were Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

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

Comparative Advantage Singapore - Costa Rica

Flow
Scale

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

During 2022, Singapore had a large net trade with Costa Rica in the exports of Machines ($63.9M), Instruments ($29.4M), and Chemical Products ($12.6M).

During 2022, Costa Rica had a large net trade with Singapore in the exports of Instruments ($50M), Machines ($20.5M), and Plastics and Rubbers ($1.88M).

Economic Complexity

Competitive Landscape

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

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

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