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2022
Flag → Flag
Exports $75.6MRnk 30 / 178
2022
Flag → Flag
Top Product $23.3MMedical Instruments
2022
Flag → Flag
Exports $130MRnk 73 / 215
2022
Flag → Flag
Top Product $46.5MMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Costa Rica-Singapore Trade: In 2022, Costa Rica exported $75.6M to Singapore. The main products that Costa Rica exported to Singapore were Medical Instruments ($23.3M), Orthopedic Appliances ($22.7M), and Integrated Circuits ($13.2M). Over the past 5 years the exports of Costa Rica to Singapore have increased at an annualized rate of 24.7%, from $25.1M in 2017 to $75.6M in 2022.

In 2022, Costa Rica did not export any services to Singapore.

Singapore-Costa Rica Trade: In 2022, Singapore exported $130M to Costa Rica. The main products that Singapore exported to Costa Rica were Machinery Having Individual Functions ($46.5M), Medical Instruments ($12.7M), and Packaged Medicaments ($9.8M). Over the past 5 years the exports of Singapore to Costa Rica have increased at an annualized rate of 15%,  from $64.8M in 2017 to $130M in 2022.

In 2022, Singapore did not export any services to Costa Rica.

Comparison: In 2022,  Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $75.6M to Singapore. The main products exported from Costa Rica to Singapore were Medical Instruments ($23.3M), Orthopedic Appliances ($22.7M), and Integrated Circuits ($13.2M). During the last 5 years the exports of Costa Rica to Singapore have increased at an annualized rate of 24.7%, from $25.1M in 2017 to $75.6M in 2022.

In 2017, Singapore exported $130M to Costa Rica. The main products exported from Singapore to Costa Rica were Machinery Having Individual Functions ($46.5M), Medical Instruments ($12.7M), and Packaged Medicaments ($9.8M). During the last 5 years the exports of Singapore to Costa Rica have increased at an annualized rate of 15%, from $64.8M in 2022 to $130M in 2017.

Exports from Costa Rica (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Costa Rica (Flag) (2022)

Latest Data

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

Costa Rica Exports

Singapore Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Costa Rica than Singapore included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

In 2022, countries that imported more from Singapore than Costa Rica included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Singapore

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Singapore in the exports of Instruments ($50M), Machines ($20.5M), and Plastics and Rubbers ($1.88M).

During 2017, Singapore had a large net trade with Costa Rica in the exports of Machines ($63.9M), Instruments ($29.4M), and Chemical Products ($12.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Singapore+$34.4MIntegrated Circuits
Top Product Potential Singapore Costa Rica+$5.71MIntegrated 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 Singapore. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and Singapore (Flag) (2022)

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