2023
Exports
$10.2MWorld Rnk 146 / 214
Flag Rnk 142 / 1040
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$2.47BWorld Rnk 73 / 226
Flag Rnk 1 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $10.2M in Refined Petroleum, making it the 146th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 142nd most exported product in Costa Rica. The main destination of Refined Petroleum exports from Costa Rica are: Panama ($6.03M), Netherlands ($1.36M), Peru ($1.21M), Nicaragua ($230k), and Turkey ($206k).

The fastest growing export markets for Refined Petroleum of Costa Rica between 2022 and 2023 were Panama ($5.5M), Netherlands ($1.36M), and Peru ($510k).

Imports In 2023, Costa Rica imported $2.47B in Refined Petroleum, becoming the 73rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Costa Rica. Costa Rica imports Refined Petroleum primarily from: United States ($1.98B), Saudi Arabia ($141M), Netherlands ($141M), Belgium ($66.2M), and Panama ($59.6M).

The fastest growing import markets in Refined Petroleum for Costa Rica between 2022 and 2023 were Saudi Arabia ($141M), Netherlands ($140M), and Belgium ($65.4M).

COMPANIES In 2024, leading companies such as Dole Fresh Fruit (696) were at the forefront of shipping Refined Petroleum from Costa Rica to the United States.

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 Refined Petroleum. 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)$10.2M
IMPORTS (2023)$2.47B
NET TRADE (2023)-$2.46B

In 2023, Costa Rica exported $10.2M in Refined Petroleum. The main destinations of Costa Rica exports on Refined Petroleum were Panama ($6.03M), Netherlands ($1.36M), Peru ($1.21M), Nicaragua ($230k), and Turkey ($206k).

In 2023, Costa Rica imported $2.47B in Refined Petroleum, mainly from United States ($1.98B), Saudi Arabia ($141M), Netherlands ($141M), Belgium ($66.2M), and Panama ($59.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
Panama$5.5M (1.05k%)
Netherlands$1.36M (289k%)
Peru$510k (73.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Costa Rica WERE (2022 - 2023):
South Africa-$357k (-100%)
Honduras-$295k (-79.8%)
Ecuador-$157k (-60.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPanama+ $1.25M
TOP IMPORT POTENTIALMexico+ $12.8M

Refined Petroleum’s highest export potential is Panama. With an export gap of $1.25M.   Refined Petroleum’s highest import potential is Mexico with an import gap of $12.8M.

See methodology.

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