2022
Exports
$1.38BWorld Rnk 65 / 226
Flag Rnk 4 / 21
2022
PRODUCT COMPLEXITY IN Machines
2.21Rnk 2 / 1025
2022
Imports
$4.11BWorld Rnk 79 / 226
Flag Rnk 1 / 21
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $1.38B in Machines, making it the 65th largest exporter of Machines in the world. At the same year, Machines was the 4th most exported product in Costa Rica. The main destination of Machines exports from Costa Rica are: United States ($347M), Hong Kong ($89.5M), China ($84.3M), Mexico ($74.1M), and Costa Rica ($72.7M).

The fastest growing export markets for Machines of Costa Rica between 2021 and 2022 were United States ($46.1M), Czechia ($32.6M), and Malaysia ($16.3M).

Imports In 2022, Costa Rica imported $4.11B in Machines, becoming the 79th largest importer of Machines in the world. At the same year, Machines was the 1st most imported product in Costa Rica. Costa Rica imports Machines primarily from: United States ($1.44B), China ($909M), Malaysia ($326M), Mexico ($199M), and Hong Kong ($129M).

The fastest growing import markets in Machines for Costa Rica between 2021 and 2022 were United States ($128M), China ($82.8M), and Japan ($35.2M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (137), Goya Foods (21), and Robert Bosch (14) were at the forefront of shipping Machines from Costa Rica to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Machines. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.38B
IMPORTS (2022)$4.11B
NET TRADE (2022)-$2.73B

In 2022, Costa Rica exported $1.38B in Machines. The main destinations of Costa Rica exports on Machines were United States ($347M), Hong Kong ($89.5M), China ($84.3M), Mexico ($74.1M), and Costa Rica ($72.7M).

In 2022, Costa Rica imported $4.11B in Machines, mainly from United States ($1.44B), China ($909M), Malaysia ($326M), Mexico ($199M), and Hong Kong ($129M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machines EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
United States$46.1M (15.3%)
Czechia$32.6M (366%)
Malaysia$16.3M (74.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machines BY Costa Rica WERE (2021 - 2022):
Netherlands-$117M (-75.9%)
China-$15.8M (-15.8%)
Hong Kong-$9.21M (-9.33%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Machines were:
In 2022, Costa Rica's main importing competitors in Machines were:

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Trade Value of Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $271M
TOP IMPORT POTENTIALChina+ $435M

Machines’s highest export potential is United States. With an export gap of $271M.   Machines’s highest import potential is China with an import gap of $435M.

See methodology.

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