2022
Exports
$1.8MWorld Rnk 48 / 157
Flag Rnk 277 / 1045
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$64.3MWorld Rnk 33 / 215
Flag Rnk 64 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $1.8M in Silicone, making it the 48th largest exporter of Silicone in the world. At the same year, Silicone was the 277th most exported product in Costa Rica. The main destination of Silicone exports from Costa Rica are: Peru ($1.11M), Chile ($318k), El Salvador ($85.9k), Mexico ($65.5k), and Guatemala ($53k).

The fastest growing export markets for Silicone of Costa Rica between 2021 and 2022 were Peru ($1.06M), Chile ($318k), and El Salvador ($80.3k).

Imports In 2022, Costa Rica imported $64.3M in Silicone, becoming the 33rd largest importer of Silicone in the world. At the same year, Silicone was the 64th most imported product in Costa Rica. Costa Rica imports Silicone primarily from: United States ($56.5M), Netherlands ($1.78M), Thailand ($1.68M), Germany ($1.58M), and Japan ($917k).

The fastest growing import markets in Silicone for Costa Rica between 2021 and 2022 were Netherlands ($1.29M), Germany ($841k), and China ($579k).

Latest Trends

Jul 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 Silicone. 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)$1.8M
IMPORTS (2022)$64.3M
NET TRADE (2022)-$62.5M

In 2022, Costa Rica exported $1.8M in Silicone. The main destinations of Costa Rica exports on Silicone were Peru ($1.11M), Chile ($318k), El Salvador ($85.9k), Mexico ($65.5k), and Guatemala ($53k).

In 2022, Costa Rica imported $64.3M in Silicone, mainly from United States ($56.5M), Netherlands ($1.78M), Thailand ($1.68M), Germany ($1.58M), and Japan ($917k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Peru$1.06M (2.38k%)
Chile$318k (1%)
El Salvador$80.3k (1.44k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Costa Rica WERE (2021 - 2022):
Costa Rica-$3.62M (-99.4%)
United States-$514k (-94.4%)
Honduras-$36k (-92.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $111k
TOP IMPORT POTENTIALGermany+ $1.08M

Silicone’s highest export potential is Mexico. With an export gap of $111k.   Silicone’s highest import potential is Germany with an import gap of $1.08M.

See methodology.

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