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Pricing

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

About

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.

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 14.8%,  from $25.1M in 2017 to $75.6M in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $130M in 2022.

In 2017, 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 14.8%, from $25.1M in 2022 to $75.6M in 2017.

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

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

Latest Data

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

Singapore Exports

Costa Rica Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Singapore - Costa Rica

Flow
Scale

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

During 2022, Singapore had a large net trade with Costa Rica in the exports of Machines ($63.9M), Instruments ($29.4M), and Chemical Products ($12.6M).

During 2017, Costa Rica had a large net trade with Singapore in the exports of Instruments ($50M), Machines ($20.5M), and Plastics and Rubbers ($1.88M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Costa Rica+$5.71MIntegrated Circuits
Top Product Potential Costa Rica Singapore+$34.4MIntegrated 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 Singapore and Costa Rica. This means that a dot/product with the flag of Singapore 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 Singapore.

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

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