2022
Exports
$15.3MWorld Rnk 38 / 196
Flag Rnk 101 / 1045
2022
PRODUCT COMPLEXITY IN Essential Oils
-1.09Rnk 855 / 1025
2022
Imports
$5.86MWorld Rnk 61 / 214
Flag Rnk 424 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $15.3M in Essential Oils, making it the 38th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 101st most exported product in Costa Rica. The main destination of Essential Oils exports from Costa Rica are: United States ($10.7M), Canada ($1.87M), Netherlands ($1.03M), Israel ($479k), and Germany ($454k).

The fastest growing export markets for Essential Oils of Costa Rica between 2021 and 2022 were United States ($2.61M), Canada ($1.01M), and Israel ($479k).

Imports In 2022, Costa Rica imported $5.86M in Essential Oils, becoming the 61st largest importer of Essential Oils in the world. At the same year, Essential Oils was the 424th most imported product in Costa Rica. Costa Rica imports Essential Oils primarily from: United States ($4.09M), India ($599k), Spain ($218k), Switzerland ($186k), and China ($157k).

The fastest growing import markets in Essential Oils for Costa Rica between 2021 and 2022 were Switzerland ($174k), China ($73.5k), and Portugal ($21.5k).

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 Essential Oils. 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)$15.3M
IMPORTS (2022)$5.86M
NET TRADE (2022)$9.42M

In 2022, Costa Rica exported $15.3M in Essential Oils. The main destinations of Costa Rica exports on Essential Oils were United States ($10.7M), Canada ($1.87M), Netherlands ($1.03M), Israel ($479k), and Germany ($454k).

In 2022, Costa Rica imported $5.86M in Essential Oils, mainly from United States ($4.09M), India ($599k), Spain ($218k), Switzerland ($186k), and China ($157k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
United States$2.61M (32.5%)
Canada$1.01M (116%)
Israel$479k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Costa Rica WERE (2021 - 2022):
Netherlands-$506k (-32.9%)
Germany-$180k (-28.4%)
Italy-$70.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.48M
TOP IMPORT POTENTIALIndia+ $384k

Essential Oils’s highest export potential is United States. With an export gap of $1.48M.   Essential Oils’s highest import potential is India with an import gap of $384k.

See methodology.

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