United States (USA) and Costa Rica (CRI) Trade

2023

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Exports $8.55BRnk 37 / 220

2023

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About

United States-Costa Rica Trade: In 2023, United States exported $8.55B to Costa Rica. The main products that United States exported to Costa Rica were Refined Petroleum ($1.98B), Medical Instruments ($582M), and Broadcasting Equipment ($254M). Over the past 5 years the exports of United States to Costa Rica have increased at an annualized rate of 5.7%, from $6.48B in 2018 to $8.55B in 2023.

In 2017, United States exported services to Costa Rica worth $1.87B, with Travel ($777M), Transportation ($426M), and Financial services ($239M) being the largest in terms of value.

Costa Rica-United States Trade: In 2023, Costa Rica exported $9.5B to United States. The main products that Costa Rica exported to United States were Medical Instruments ($3.52B), Orthopedic Appliances ($1.17B), and Integrated Circuits ($894M). Over the past 5 years the exports of Costa Rica to United States have increased at an annualized rate of 14%, from $4.94B in 2018 to $9.5B in 2023.

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

Comparison: In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Company data: In 2023, leading companies such as Dole Fresh Fruit (9.3k), Del Monte Foods (8.02k), and Fyffes (3.09k) were at the forefront of exporting goods from Costa Rica to the United States. Conversely, Corporacion De Desarrollo Agricola (5.81k), Agroindustrial Pinas Del Bosque S.a (3.56k), and Standard Fruit Company De Costa Ric (1.68k) were notable for importing products to Costa Rica from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $864M and imported $1.07B from Costa Rica, resulting in a negative trade balance of $209M. Between November 2023 and November 2024 the exports of United States have increased by $115M (15.4%) from $749M to $864M, while imports increased by $192M (21.7%) from $881M to $1.07B.

Trade In November 2024, the top exports of United States to Costa Rica were Refined Petroleum ($349M), Medical Instruments ($48.2M), Commodities not elsewhere specified ($43.7M), Integrated Circuits ($27.5M), and Corn ($20.7M). In November 2024 the top imports of United States from Costa Rica were Medical Instruments ($243M), Commodities not elsewhere specified ($86.6M), Orthopedic Appliances ($86.1M), Tropical Fruits ($53.4M), and Integrated Circuits ($50.3M).

Origins In November 2024 the exports of United States were mainly from Florida ($173M), Texas ($170M), California ($56.2M), Louisiana ($53.2M), and Illinois ($42.9M), while imports destinations were mainly California ($195M), Texas ($149M), Rhode Island ($118M), Minnesota ($89.6M), and Florida ($81.3M).

Growth In November 2024, the increase in United States's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Refined Petroleum ($235M or 207%), Commodities not elsewhere specified ($21.4M or 95.7%), and Integrated Circuits ($18.6M or 208%). In November 2024, the increase in United States's year-by-year imports from Costa Rica was explained primarily by an increase in product imports in Medical Instruments ($86.5M or 55.3%), Commodities not elsewhere specified ($73.5M or 560%), and Integrated Circuits ($41.7M or 487%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$115M(15.4%)

IMPORT GROWTH (November 2023 - November 2024)$192M(21.7%)

MAIN EXPORTER (November 2024)Florida$173M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United States exported $8.55B to Costa Rica. The main products exported from United States to Costa Rica were Refined Petroleum ($1.98B), Medical Instruments ($582M), and Broadcasting Equipment ($254M). During the last 5 years the exports of United States to Costa Rica have increased at an annualized rate of 5.7%, from $6.48B in 2018 to $8.55B in 2023.

In 2018, Costa Rica exported $9.5B to United States. The main products exported from Costa Rica to United States were Medical Instruments ($3.52B), Orthopedic Appliances ($1.17B), and Integrated Circuits ($894M). During the last 5 years the exports of Costa Rica to United States have increased at an annualized rate of 14%, from $4.94B in 2023 to $9.5B in 2018.

Exports from United States () to Costa Rica () (2023)

Exports from Costa Rica () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from United States than Costa Rica included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Costa Rica than United States included Guam ($8k) and Northern Mariana Islands ($2.75k).

Difference in imports from Costa Rica () and United States () (2023)

Comparative Advantage United States - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, United States had a large net trade with Costa Rica in the exports of Mineral Products ($2.17B), Machines ($1.42B), and Plastics and Rubbers ($1.01B).

During 2018, Costa Rica had a large net trade with United States in the exports of Instruments ($4.95B), Vegetable Products ($1.8B), and Machines ($1.35B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Costa Rica+$38MCars

Top Product Potential Costa Rica United States+$84.9MIntegrated 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

Year

This visualization shows the product space at the HS4 level with the flags of United States and Costa Rica. This means that a dot/product with the flag of United States 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 United States.

Product Space of United States () and Costa Rica () (2023)

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