2023
Exports
$123MWorld Rnk 70 / 214
Flag Rnk 22 / 1040
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$611MWorld Rnk 70 / 226
Flag Rnk 5 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $123M in Packaged Medicaments, making it the 70th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 22nd most exported product in Costa Rica. The main destination of Packaged Medicaments exports from Costa Rica are: Panama ($34.7M), Nicaragua ($22.2M), Ecuador ($17.4M), Honduras ($17.1M), and Dominican Republic ($8.64M).

The fastest growing export markets for Packaged Medicaments of Costa Rica between 2022 and 2023 were Panama ($7.81M), Nicaragua ($1.77M), and Cuba ($1.31M).

Imports In 2023, Costa Rica imported $611M in Packaged Medicaments, becoming the 70th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Costa Rica. Costa Rica imports Packaged Medicaments primarily from: United States ($72.3M), Spain ($54.1M), Mexico ($51.2M), Germany ($50.5M), and Switzerland ($34.1M).

The fastest growing import markets in Packaged Medicaments for Costa Rica between 2022 and 2023 were United States ($16.4M), Spain ($9.53M), and Honduras ($7.03M).

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 Packaged Medicaments. 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)$123M
IMPORTS (2023)$611M
NET TRADE (2023)-$488M

In 2023, Costa Rica exported $123M in Packaged Medicaments. The main destinations of Costa Rica exports on Packaged Medicaments were Panama ($34.7M), Nicaragua ($22.2M), Ecuador ($17.4M), Honduras ($17.1M), and Dominican Republic ($8.64M).

In 2023, Costa Rica imported $611M in Packaged Medicaments, mainly from United States ($72.3M), Spain ($54.1M), Mexico ($51.2M), Germany ($50.5M), and Switzerland ($34.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
Panama$7.81M (29%)
Nicaragua$1.77M (8.64%)
Cuba$1.31M (51.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Costa Rica WERE (2022 - 2023):
Ecuador-$2.73M (-13.5%)
Guatemala-$1.38M (-19.1%)
Barbados-$1.32M (-95.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.15M
TOP IMPORT POTENTIALUnited States+ $21.1M

Packaged Medicaments’s highest export potential is United States. With an export gap of $3.15M.   Packaged Medicaments’s highest import potential is United States with an import gap of $21.1M.

See methodology.

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