Costa Rica (CRI) and Japan (JPN) Trade | The Observatory of Economic Complexity

About

Costa Rica-Japan Trade: In 2023, Costa Rica exported $406M to Japan. The main products that Costa Rica exported to Japan were Medical Instruments ($336M), Low-voltage Protection Equipment ($10.9M), and Coffee ($10.6M). Over the past 5 years the exports of Costa Rica to Japan have increased at an annualized rate of 2.87%, from $353M in 2018 to $406M in 2023.

In 2023, Costa Rica did not export any services to Japan.

Japan-Costa Rica Trade: In 2023, Japan exported $474M to Costa Rica. The main products that Japan exported to Costa Rica were Cars ($135M), Hot-Rolled Iron ($50.7M), and Delivery Trucks ($36.6M). Over the past 5 years the exports of Japan to Costa Rica have increased at an annualized rate of 5.14%, from $369M in 2018 to $474M in 2023.

In 2023, Japan did not export any services to Costa Rica.

Comparison: In 2023, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $406M to Japan. The main products exported from Costa Rica to Japan were Medical Instruments ($336M), Low-voltage Protection Equipment ($10.9M), and Coffee ($10.6M). During the last 5 years the exports of Costa Rica to Japan have increased at an annualized rate of 2.87%, from $353M in 2018 to $406M in 2023.

In 2018, Japan exported $474M to Costa Rica. The main products exported from Japan to Costa Rica were Cars ($135M), Hot-Rolled Iron ($50.7M), and Delivery Trucks ($36.6M). During the last 5 years the exports of Japan to Costa Rica have increased at an annualized rate of 5.14%, from $369M in 2023 to $474M in 2018.

Exports from Costa Rica () to Japan () (2023)

Exports from Japan () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Japan ()

Costa Rica Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Japan
Top DestinationUnited States$143B

This map shows whether countries import more from Costa Rica or Japan. Each country is colored based on the difference in imports they receive from Costa Rica and Japan or the difference in the growth in imports.

In 2023, countries that imported more from Costa Rica than Japan included Nicaragua ($661M), Honduras ($575M), and El Salvador ($429M).

In 2023, countries that imported more from Japan than Costa Rica included China ($138B), United States ($143B), and Chinese Taipei ($43B).

Difference in imports from Japan () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Costa Rica and Japan by product, considering products traded by both, Costa Rica and Japan.

During 2023, Costa Rica had a large net trade with Japan in the exports of Instruments ($341M), Machines ($21.5M), and Vegetable Products ($15.7M).

During 2018, Japan had a large net trade with Costa Rica in the exports of Transportation ($216M), Metals ($97.4M), and Machines ($73.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Japan+$32.6MMedical Instruments

Top Product Potential Japan Costa Rica+$33.9MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Japan. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Costa Rica.

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Japan () (2023)

Exports from Japan () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Japan ()

Costa Rica Exports

Japan Exports

Market Competitiveness

Difference in imports from Japan () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Japan

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Japan () (2023)

Keep Exploring