2023
Exports
$2.7MWorld Rnk 65 / 199
Flag Rnk 245 / 1040
2023
PRODUCT COMPLEXITY IN Navigation Equipment
1.03Rnk 167 / 1025
2023
Imports
$9.3MWorld Rnk 83 / 223
Flag Rnk 344 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $2.7M in Navigation Equipment, making it the 65th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 245th most exported product in Costa Rica. The main destination of Navigation Equipment exports from Costa Rica are: United States ($2M), United Kingdom ($406k), Canada ($235k), Spain ($16.2k), and Honduras ($10.2k).

The fastest growing export markets for Navigation Equipment of Costa Rica between 2022 and 2023 were United Kingdom ($357k), Canada ($231k), and Spain ($15k).

Imports In 2023, Costa Rica imported $9.3M in Navigation Equipment, becoming the 83rd largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 344th most imported product in Costa Rica. Costa Rica imports Navigation Equipment primarily from: United States ($2.8M), Germany ($1.91M), Lithuania ($1.02M), China ($1.01M), and Singapore ($698k).

The fastest growing import markets in Navigation Equipment for Costa Rica between 2022 and 2023 were Germany ($1.85M), United States ($1.04M), and Singapore ($682k).

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 Navigation Equipment. 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)$2.7M
IMPORTS (2023)$9.3M
NET TRADE (2023)-$6.6M

In 2023, Costa Rica exported $2.7M in Navigation Equipment. The main destinations of Costa Rica exports on Navigation Equipment were United States ($2M), United Kingdom ($406k), Canada ($235k), Spain ($16.2k), and Honduras ($10.2k).

In 2023, Costa Rica imported $9.3M in Navigation Equipment, mainly from United States ($2.8M), Germany ($1.91M), Lithuania ($1.02M), China ($1.01M), and Singapore ($698k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
United Kingdom$357k (728%)
Canada$231k (6.36k%)
Spain$15k (1.26k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Costa Rica WERE (2022 - 2023):
United States-$348k (-14.8%)
Denmark-$12.9k (-100%)
Nicaragua-$12.3k (-83.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.47M
TOP IMPORT POTENTIALChina+ $740k

Navigation Equipment’s highest export potential is United States. With an export gap of $1.47M.   Navigation Equipment’s highest import potential is China with an import gap of $740k.

See methodology.

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