2022
Exports
$7.01MWorld Rnk 66 / 216
Flag Rnk 157 / 1045
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.33Rnk 86 / 1025
2022
Imports
$33.6MWorld Rnk 86 / 224
Flag Rnk 129 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $7.01M in Other Electrical Machinery, making it the 66th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 157th most exported product in Costa Rica. The main destination of Other Electrical Machinery exports from Costa Rica are: United States ($2.78M), Costa Rica ($706k), Vietnam ($702k), Nicaragua ($576k), and Honduras ($299k).

The fastest growing export markets for Other Electrical Machinery of Costa Rica between 2021 and 2022 were United States ($1.42M), Germany ($283k), and Nicaragua ($261k).

Imports In 2022, Costa Rica imported $33.6M in Other Electrical Machinery, becoming the 86th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 129th most imported product in Costa Rica. Costa Rica imports Other Electrical Machinery primarily from: United States ($11M), China ($10.5M), Austria ($1.07M), Spain ($943k), and Singapore ($891k).

The fastest growing import markets in Other Electrical Machinery for Costa Rica between 2021 and 2022 were Singapore ($723k), Austria ($661k), and Hungary ($509k).

Latest Trends

Oct 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 Other Electrical Machinery. 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)$7.01M
IMPORTS (2022)$33.6M
NET TRADE (2022)-$26.6M

In 2022, Costa Rica exported $7.01M in Other Electrical Machinery. The main destinations of Costa Rica exports on Other Electrical Machinery were United States ($2.78M), Costa Rica ($706k), Vietnam ($702k), Nicaragua ($576k), and Honduras ($299k).

In 2022, Costa Rica imported $33.6M in Other Electrical Machinery, mainly from United States ($11M), China ($10.5M), Austria ($1.07M), Spain ($943k), and Singapore ($891k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
United States$1.42M (105%)
Germany$283k (5.9k%)
Nicaragua$261k (82.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Costa Rica WERE (2021 - 2022):
Brazil-$310k (-85.2%)
Panama-$207k (-61.7%)
South Korea-$146k (-77.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.43M
TOP IMPORT POTENTIALChina+ $3.93M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $3.43M.   Other Electrical Machinery’s highest import potential is China with an import gap of $3.93M.

See methodology.

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