2022
Exports
$261MWorld Rnk 15 / 149
Flag Rnk 10 / 1045
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$5.13MWorld Rnk 138 / 208
Flag Rnk 448 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $261M in Palm Oil, making it the 15th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 10th most exported product in Costa Rica. The main destination of Palm Oil exports from Costa Rica are: Netherlands ($114M), Mexico ($80.4M), Germany ($24.9M), Nicaragua ($18.2M), and United States ($6.34M).

The fastest growing export markets for Palm Oil of Costa Rica between 2021 and 2022 were Netherlands ($56.7M), Germany ($22.7M), and United States ($6.34M).

Imports In 2022, Costa Rica imported $5.13M in Palm Oil, becoming the 138th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 448th most imported product in Costa Rica. Costa Rica imports Palm Oil primarily from: Guatemala ($3.14M), Panama ($1.86M), Honduras ($35.1k), United States ($28.7k), and Italy ($26.4k).

The fastest growing import markets in Palm Oil for Costa Rica between 2021 and 2022 were Guatemala ($918k), Honduras ($28.1k), and United States ($19k).

Latest Trends

Aug 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 Palm Oil. 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)$261M
IMPORTS (2022)$5.13M
NET TRADE (2022)$256M

In 2022, Costa Rica exported $261M in Palm Oil. The main destinations of Costa Rica exports on Palm Oil were Netherlands ($114M), Mexico ($80.4M), Germany ($24.9M), Nicaragua ($18.2M), and United States ($6.34M).

In 2022, Costa Rica imported $5.13M in Palm Oil, mainly from Guatemala ($3.14M), Panama ($1.86M), Honduras ($35.1k), United States ($28.7k), and Italy ($26.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Netherlands$56.7M (99.5%)
Germany$22.7M (1.04k%)
United States$6.34M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Costa Rica WERE (2021 - 2022):
Mexico-$53.1M (-39.8%)
Panama-$1.19M (-88.8%)
Guatemala-$1.16M (-38.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Palm Oil were:
In 2022, Costa Rica's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.6M
TOP IMPORT POTENTIALGuatemala+ $123k

Palm Oil’s highest export potential is United States. With an export gap of $7.6M.   Palm Oil’s highest import potential is Guatemala with an import gap of $123k.

See methodology.

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