2023
Exports
$5.99BWorld Rnk 8 / 217
Flag Rnk 1 / 1040
2023
PRODUCT COMPLEXITY IN Medical Instruments
0.73Rnk 272 / 1025
2023
Imports
$828MWorld Rnk 32 / 226
Flag Rnk 3 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $5.99B in Medical Instruments, making it the 8th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 1st most exported product in Costa Rica. The main destination of Medical Instruments exports from Costa Rica are: United States ($3.52B), Netherlands ($598M), China ($350M), Japan ($336M), and Belgium ($311M).

The fastest growing export markets for Medical Instruments of Costa Rica between 2022 and 2023 were United States ($591M), Netherlands ($215M), and China ($119M).

Imports In 2023, Costa Rica imported $828M in Medical Instruments, becoming the 32nd largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 3rd most imported product in Costa Rica. Costa Rica imports Medical Instruments primarily from: United States ($582M), Canada ($45.6M), Switzerland ($25.6M), China ($23.8M), and Japan ($20.8M).

The fastest growing import markets in Medical Instruments for Costa Rica between 2022 and 2023 were United States ($183M), Canada ($36M), and Japan ($11M).

COMPANIES In 2024, leading companies such as Baxter Healthcare (1) were at the forefront of shipping Medical Instruments from Costa Rica to the United States.

Latest Trends

Dec 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 Medical Instruments. 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 (2023)$5.99B
IMPORTS (2023)$828M
NET TRADE (2023)$5.16B

In 2023, Costa Rica exported $5.99B in Medical Instruments. The main destinations of Costa Rica exports on Medical Instruments were United States ($3.52B), Netherlands ($598M), China ($350M), Japan ($336M), and Belgium ($311M).

In 2023, Costa Rica imported $828M in Medical Instruments, mainly from United States ($582M), Canada ($45.6M), Switzerland ($25.6M), China ($23.8M), and Japan ($20.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
United States$591M (20.2%)
Netherlands$215M (56.1%)
China$119M (51.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Costa Rica WERE (2022 - 2023):
Canada-$48.7M (-37.5%)
South Korea-$26.3M (-58.5%)
Thailand-$13.3M (-81.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Costa Rica's main exporting competitors in Medical Instruments were:
In 2023, Costa Rica's main importing competitors in Medical Instruments were:

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $109M
TOP IMPORT POTENTIALChina+ $16.7M

Medical Instruments’s highest export potential is China. With an export gap of $109M.   Medical Instruments’s highest import potential is China with an import gap of $16.7M.

See methodology.

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