2022
Exports
$61.8kWorld Rnk 57 / 96
Flag Rnk 708 / 1045
2022
PRODUCT COMPLEXITY IN Borates
-0.2Rnk 618 / 1025
2022
Imports
$2.53MWorld Rnk 45 / 184
Flag Rnk 568 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $61.8k in Borates, making it the 57th largest exporter of Borates in the world. At the same year, Borates was the 708th most exported product in Costa Rica. The main destination of Borates exports from Costa Rica are: Colombia ($59.4k) and Nicaragua ($2.34k).

The fastest growing export markets for Borates of Costa Rica between 2021 and 2022 were Nicaragua ($740).

Imports In 2022, Costa Rica imported $2.53M in Borates, becoming the 45th largest importer of Borates in the world. At the same year, Borates was the 568th most imported product in Costa Rica. Costa Rica imports Borates primarily from: Guatemala ($1.04M), United States ($566k), Colombia ($239k), Peru ($222k), and China ($142k).

The fastest growing import markets in Borates for Costa Rica between 2021 and 2022 were Guatemala ($984k), Turkey ($126k), and Colombia ($111k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Borates. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$61.8k
IMPORTS (2022)$2.53M
NET TRADE (2022)-$2.47M

In 2022, Costa Rica exported $61.8k in Borates. The main destinations of Costa Rica exports on Borates were Colombia ($59.4k) and Nicaragua ($2.34k).

In 2022, Costa Rica imported $2.53M in Borates, mainly from Guatemala ($1.04M), United States ($566k), Colombia ($239k), Peru ($222k), and China ($142k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):Nicaragua$740 (46.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Costa Rica WERE (2021 - 2022):Colombia-$9.64k (-13.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Borates were:
In 2022, Costa Rica's main importing competitors in Borates were:

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNicaragua+ $1.71k
TOP IMPORT POTENTIALUnited States+ $122k

Borates’s highest export potential is Nicaragua. With an export gap of $1.71k.   Borates’s highest import potential is United States with an import gap of $122k.

See methodology.

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