2023
Exports
$247kWorld Rnk 68 / 160
Flag Rnk 519 / 1040
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$14.5MWorld Rnk 46 / 221
Flag Rnk 259 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $247k in Pure Olive Oil, making it the 68th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 519th most exported product in Costa Rica. The main destination of Pure Olive Oil exports from Costa Rica are: Nicaragua ($116k), Guatemala ($65.1k), Panama ($24.4k), Honduras ($22.2k), and El Salvador ($17.2k).

The fastest growing export markets for Pure Olive Oil of Costa Rica between 2022 and 2023 were Nicaragua ($113k), Singapore ($1.33k), and United States ($11).

Imports In 2023, Costa Rica imported $14.5M in Pure Olive Oil, becoming the 46th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 259th most imported product in Costa Rica. Costa Rica imports Pure Olive Oil primarily from: Spain ($11.6M), Italy ($1.56M), United States ($1.08M), Greece ($206k), and Turkey ($77.8k).

The fastest growing import markets in Pure Olive Oil for Costa Rica between 2022 and 2023 were Spain ($1.2M), United States ($264k), and Italy ($109k).

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 Pure Olive 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 (2023)$247k
IMPORTS (2023)$14.5M
NET TRADE (2023)-$14.3M

In 2023, Costa Rica exported $247k in Pure Olive Oil. The main destinations of Costa Rica exports on Pure Olive Oil were Nicaragua ($116k), Guatemala ($65.1k), Panama ($24.4k), Honduras ($22.2k), and El Salvador ($17.2k).

In 2023, Costa Rica imported $14.5M in Pure Olive Oil, mainly from Spain ($11.6M), Italy ($1.56M), United States ($1.08M), Greece ($206k), and Turkey ($77.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
Nicaragua$113k (3.31k%)
Singapore$1.33k (1%)
United States$11 (8.33%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Costa Rica WERE (2022 - 2023):
Honduras-$47.5k (-68.2%)
Panama-$38.3k (-61%)
El Salvador-$37.1k (-68.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Costa Rica's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, Costa Rica's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNicaragua+ $6.54k
TOP IMPORT POTENTIALItaly+ $421k

Pure Olive Oil’s highest export potential is Nicaragua. With an export gap of $6.54k.   Pure Olive Oil’s highest import potential is Italy with an import gap of $421k.

See methodology.

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