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2023
Flag → Flag
Exports $16.3MRnk 63 / 172
2023
Flag → Flag
Top Product $3.1MMedical Instruments
2023
Flag → Flag
Exports $42.6MRnk 55 / 201
2023
Flag → Flag
Top Product $15.6MOffice Machine Parts
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Costa Rica-Philippines Trade: In 2023, Costa Rica exported $16.3M to Philippines. The main products that Costa Rica exported to Philippines were Medical Instruments ($3.1M), Pesticides ($2.29M), and Oscilloscopes ($1.86M). Over the past 5 years the exports of Costa Rica to Philippines have increased at an annualized rate of 0.95%, from $15.5M in 2018 to $16.3M in 2023.

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

Philippines-Costa Rica Trade: In 2023, Philippines exported $42.6M to Costa Rica. The main products that Philippines exported to Costa Rica were Office Machine Parts ($15.6M), Oscilloscopes ($5.96M), and Machinery Having Individual Functions ($3.58M). Over the past 5 years the exports of Philippines to Costa Rica have increased at an annualized rate of 10%,  from $26.4M in 2018 to $42.6M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $16.3M to Philippines. The main products exported from Costa Rica to Philippines were Medical Instruments ($3.1M), Pesticides ($2.29M), and Oscilloscopes ($1.86M). During the last 5 years the exports of Costa Rica to Philippines have increased at an annualized rate of 0.95%, from $15.5M in 2018 to $16.3M in 2023.

In 2018, Philippines exported $42.6M to Costa Rica. The main products exported from Philippines to Costa Rica were Office Machine Parts ($15.6M), Oscilloscopes ($5.96M), and Machinery Having Individual Functions ($3.58M). During the last 5 years the exports of Philippines to Costa Rica have increased at an annualized rate of 10%, from $26.4M in 2023 to $42.6M in 2018.

Exports from Costa Rica (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and Philippines (Flag)

Costa Rica Exports

Philippines Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Costa Rica than Philippines included Guatemala ($846M), Nicaragua ($661M), and Belgium ($767M).

In 2023, countries that imported more from Philippines than Costa Rica included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

Difference in imports from Philippines (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Philippines

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Philippines in the exports of Instruments ($6.04M), Machines ($3.16M), and Chemical Products ($2.96M).

During 2018, Philippines had a large net trade with Costa Rica in the exports of Machines ($30.4M), Instruments ($8.07M), and Plastics and Rubbers ($995k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Philippines+$2.69MMedical Instruments
Top Product Potential Philippines Costa Rica+$5.87MIntegrated Circuits

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.

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Economic Complexity

Competitive Landscape

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

Product Space of Costa Rica (Flag) and Philippines (Flag) (2023)

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