2023
Exports
$40.2MWorld Rnk 70 / 226
Flag Rnk 60 / 1040
2023
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1.12Rnk 138 / 1025
2023
Imports
$109MWorld Rnk 97 / 226
Flag Rnk 37 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $40.2M in Motor vehicles; parts and accessories (8701 to 8705), making it the 70th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 60th most exported product in Costa Rica. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Costa Rica are: United States ($31.3M), Canada ($4.34M), Italy ($1.4M), Mexico ($1.28M), and Sierra Leone ($379k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Costa Rica between 2022 and 2023 were United States ($5.47M), Canada ($868k), and Mexico ($839k).

Imports In 2023, Costa Rica imported $109M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 97th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 37th most imported product in Costa Rica. Costa Rica imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($30.1M), United States ($20.2M), Japan ($17.7M), Mexico ($5.36M), and South Korea ($4.85M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Costa Rica between 2022 and 2023 were China ($4.48M), United States ($2.35M), and Ireland ($1.94M).

Latest Trends

Jan 2025

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 Motor vehicles; parts and accessories (8701 to 8705). 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)$40.2M
IMPORTS (2023)$109M
NET TRADE (2023)-$69.2M

In 2023, Costa Rica exported $40.2M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Costa Rica exports on Motor vehicles; parts and accessories (8701 to 8705) were United States ($31.3M), Canada ($4.34M), Italy ($1.4M), Mexico ($1.28M), and Sierra Leone ($379k).

In 2023, Costa Rica imported $109M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($30.1M), United States ($20.2M), Japan ($17.7M), Mexico ($5.36M), and South Korea ($4.85M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
United States$5.47M (21.2%)
Canada$868k (25%)
Mexico$839k (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Costa Rica WERE (2022 - 2023):
South Korea-$1.14M (-100%)
Italy-$320k (-18.6%)
Nicaragua-$87.5k (-56.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Costa Rica's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
Germany $69.4B
China $49.1B
Mexico $41.1B
In 2023, Costa Rica's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.8M
TOP IMPORT POTENTIALChina+ $14.5M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $11.8M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $14.5M.

See methodology.

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