2022
Exports
$36.7MWorld Rnk 48 / 214
Flag Rnk 62 / 1045
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$47.1MWorld Rnk 56 / 223
Flag Rnk 85 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $36.7M in Thermostats, making it the 48th largest exporter of Thermostats in the world. At the same year, Thermostats was the 62nd most exported product in Costa Rica. The main destination of Thermostats exports from Costa Rica are: Costa Rica ($30.1M), United States ($3.9M), China ($1.68M), Honduras ($200k), and Panama ($188k).

The fastest growing export markets for Thermostats of Costa Rica between 2021 and 2022 were Costa Rica ($30M), China ($229k), and Panama ($122k).

Imports In 2022, Costa Rica imported $47.1M in Thermostats, becoming the 56th largest importer of Thermostats in the world. At the same year, Thermostats was the 85th most imported product in Costa Rica. Costa Rica imports Thermostats primarily from: Costa Rica ($30.1M), United States ($8.98M), China ($1.2M), Malaysia ($1.19M), and Japan ($715k).

The fastest growing import markets in Thermostats for Costa Rica between 2021 and 2022 were Costa Rica ($30M), Malaysia ($915k), and China ($395k).

Latest Trends

Aug 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 Thermostats. 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)$36.7M
IMPORTS (2022)$47.1M
NET TRADE (2022)-$10.4M

In 2022, Costa Rica exported $36.7M in Thermostats. The main destinations of Costa Rica exports on Thermostats were Costa Rica ($30.1M), United States ($3.9M), China ($1.68M), Honduras ($200k), and Panama ($188k).

In 2022, Costa Rica imported $47.1M in Thermostats, mainly from Costa Rica ($30.1M), United States ($8.98M), China ($1.2M), Malaysia ($1.19M), and Japan ($715k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Costa Rica$30M (29.6k%)
China$229k (15.8%)
Panama$122k (183%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Costa Rica WERE (2021 - 2022):
United States-$2.02M (-34.2%)
Indonesia-$75.2k (-98.8%)
Ireland-$47.7k (-94.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Costa Rica's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.81M
TOP IMPORT POTENTIALChina+ $1.24M

Thermostats’s highest export potential is United States. With an export gap of $2.81M.   Thermostats’s highest import potential is China with an import gap of $1.24M.

See methodology.

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