2022
Exports
$256MWorld Rnk 61 / 223
Flag Rnk 12 / 95
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$814MWorld Rnk 71 / 226
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $256M in Pharmaceutical products, making it the 61st largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 12th most exported product in Costa Rica. The main destination of Pharmaceutical products exports from Costa Rica are: Honduras ($37.2M), Dominican Republic ($33.6M), Nicaragua ($32.5M), Panama ($29.3M), and Cuba ($21.7M).

The fastest growing export markets for Pharmaceutical products of Costa Rica between 2021 and 2022 were Nicaragua ($4.56M), Ecuador ($3.84M), and Bahamas ($3.12M).

Imports In 2022, Costa Rica imported $814M in Pharmaceutical products, becoming the 71st largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most imported product in Costa Rica. Costa Rica imports Pharmaceutical products primarily from: Switzerland ($150M), United States ($66.6M), Italy ($57.2M), Mexico ($51M), and Germany ($47.5M).

The fastest growing import markets in Pharmaceutical products for Costa Rica between 2021 and 2022 were Italy ($42.4M), Switzerland ($26.4M), and Belgium ($18.2M).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Pharmaceutical products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$256M
IMPORTS (2022)$814M
NET TRADE (2022)-$558M

In 2022, Costa Rica exported $256M in Pharmaceutical products. The main destinations of Costa Rica exports on Pharmaceutical products were Honduras ($37.2M), Dominican Republic ($33.6M), Nicaragua ($32.5M), Panama ($29.3M), and Cuba ($21.7M).

In 2022, Costa Rica imported $814M in Pharmaceutical products, mainly from Switzerland ($150M), United States ($66.6M), Italy ($57.2M), Mexico ($51M), and Germany ($47.5M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Nicaragua$4.56M (16.3%)
Ecuador$3.84M (32.8%)
Bahamas$3.12M (727%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Costa Rica WERE (2021 - 2022):
Panama-$24.2M (-45.3%)
Guatemala-$12M (-36.4%)
Aruba-$5.61M (-37%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Costa Rica's main exporting competitors in Pharmaceutical products were:
In 2022, Costa Rica's main importing competitors in Pharmaceutical products were:

Explore Visualizations

Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16M
TOP IMPORT POTENTIALUnited States+ $38.8M

Pharmaceutical products’s highest export potential is United States. With an export gap of $16M.   Pharmaceutical products’s highest import potential is United States with an import gap of $38.8M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with