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2023
Flag → Flag
Exports $474MRnk 70 / 211
2023
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Top Product $135MCars
2023
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Exports $406MRnk 15 / 172
2023
Flag → Flag
Top Product $336MMedical Instruments
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
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GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
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GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥7.31B and imported ¥8.41B from Costa Rica, resulting in a negative trade balance of ¥1.1B. Between November 2023 and November 2024 the exports of Japan have decreased by ¥-557M (-7.08%) from ¥7.87B to ¥7.31B, while imports increased by ¥2.83B (50.8%) from ¥5.58B to ¥8.41B.

Trade In November 2024, the top exports of Japan to Costa Rica were Integrated Circuits (¥1.04B), Cars (¥483M), Cold-Rolled Iron (¥414M), Hot-Rolled Iron (¥313M), and Machinery parts, not containing electrical connectors,... (¥137M). In November 2024 the top imports of Japan from Costa Rica were Medical Instruments (¥3.51B), Orthopedic Appliances (¥470M), Low-voltage Protection Equipment (¥150M), Optical Fibers and optical fibre bundles (¥77.9M), and Video Cameras (¥69.3M).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥4.63B), Chiba (¥615M), Kanagawa (¥429M), Okayama (¥366M), and Osaka (¥364M), while imports destinations were mainly Chiba (¥7.04B), Tokyo (¥584M), Kanagawa (¥246M), Osaka (¥161M), and Fukuoka (¥143M).

Growth In November 2024, the decrease in Japan's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Hot-Rolled Iron (¥-663M or -67.9%), Cold-Rolled Iron (¥-353M or -46%), and Machines and apparatus of a kind... (¥-171M or -99.6%). In November 2024, the increase in Japan's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Low-voltage Protection Equipment (¥58.5M or 64.1%), Video Cameras (¥46.9M or 209%), and Other Plastic Products (¥32.3M or 95%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥-557M(-7.08%)
IMPORT GROWTH (November 2023 - November 2024)¥2.83B(50.8%)
MAIN EXPORTER (November 2024)Aichi¥4.63B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Costa Rica and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Costa Rica and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $474M in 2023.

In 2018, 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 2023 to $406M in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Costa Rica
Top DestinationUnited States$9.5B

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

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

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

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

Comparative Advantage Japan - Costa Rica

Flow
Scale

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

During 2023, Japan had a large net trade with Costa Rica in the exports of Transportation ($216M), Metals ($97.4M), and Machines ($73.6M).

During 2018, Costa Rica had a large net trade with Japan in the exports of Instruments ($341M), Machines ($21.5M), and Vegetable Products ($15.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Costa Rica+$33.9MCars
Top Product Potential Costa Rica Japan+$32.6MMedical Instruments

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 Japan and Costa Rica. This means that a dot/product with the flag of Japan indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Japan.

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

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