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2023
Flag → Flag
Exports $108MRnk 80 / 217
2023
Flag → Flag
Top Product $33.2MMachinery Having Individual Functions
2023
Flag → Flag
Exports $291MRnk 18 / 172
2023
Flag → Flag
Top Product $168MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Singapore-Costa Rica Trade: In 2023, Singapore exported $108M to Costa Rica. The main products that Singapore exported to Costa Rica were Machinery Having Individual Functions ($33.2M), Medical Instruments ($13.9M), and Packaged Medicaments ($12.9M). Over the past 5 years the exports of Singapore to Costa Rica have increased at an annualized rate of 8.58%, from $71.7M in 2018 to $108M in 2023.

In 2023, Singapore did not export any services to Costa Rica.

Costa Rica-Singapore Trade: In 2023, Costa Rica exported $291M to Singapore. The main products that Costa Rica exported to Singapore were Integrated Circuits ($168M), Medical Instruments ($53.4M), and Orthopedic Appliances ($35.5M). Over the past 5 years the exports of Costa Rica to Singapore have increased at an annualized rate of 36.7%,  from $61M in 2018 to $291M in 2023.

In 2023, Costa Rica did not export any services to Singapore.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $108M to Costa Rica. The main products exported from Singapore to Costa Rica were Machinery Having Individual Functions ($33.2M), Medical Instruments ($13.9M), and Packaged Medicaments ($12.9M). During the last 5 years the exports of Singapore to Costa Rica have increased at an annualized rate of 8.58%, from $71.7M in 2018 to $108M in 2023.

In 2018, Costa Rica exported $291M to Singapore. The main products exported from Costa Rica to Singapore were Integrated Circuits ($168M), Medical Instruments ($53.4M), and Orthopedic Appliances ($35.5M). During the last 5 years the exports of Costa Rica to Singapore have increased at an annualized rate of 36.7%, from $61M in 2023 to $291M in 2018.

Exports from Singapore (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Singapore (Flag) (2023)

Latest Data

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

Singapore Exports

Costa Rica Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Costa Rica
Top DestinationUnited States$9.5B

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 2023, countries that imported more from Singapore than Costa Rica included Hong Kong ($44.5B), China ($36.7B), and Malaysia ($31.4B).

In 2023, countries that imported more from Costa Rica than Singapore included Guatemala ($846M), Nicaragua ($661M), and Honduras ($575M).

Difference in imports from Costa Rica (Flag) and Singapore (Flag) (2023)

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 2023, Singapore had a large net trade with Costa Rica in the exports of Machines ($45.7M), Instruments ($26.4M), and Chemical Products ($15.2M).

During 2018, Costa Rica had a large net trade with Singapore in the exports of Machines ($180M), Instruments ($101M), and Textiles ($4.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Costa Rica+$5.71MIntegrated Circuits
Top Product Potential Costa Rica Singapore+$34.4MIntegrated 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 Singapore and Costa Rica. This means that a dot/product with the flag of Singapore 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 Singapore.

Product Space of Singapore (Flag) and Costa Rica (Flag) (2023)

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