2022
Exports
$325kWorld Rnk 66 / 203
Flag Rnk 501 / 1045
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$12.6MWorld Rnk 48 / 220
Flag Rnk 275 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $325k in Hand Tools, making it the 66th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 501st most exported product in Costa Rica. The main destination of Hand Tools exports from Costa Rica are: United States ($115k), South Korea ($92.8k), Costa Rica ($81.6k), Honduras ($4.63k), and Germany ($4.58k).

The fastest growing export markets for Hand Tools of Costa Rica between 2021 and 2022 were South Korea ($85.9k), Costa Rica ($20.6k), and United States ($8.83k).

Imports In 2022, Costa Rica imported $12.6M in Hand Tools, becoming the 48th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 275th most imported product in Costa Rica. Costa Rica imports Hand Tools primarily from: United States ($8.03M), China ($2.52M), Mexico ($505k), Chinese Taipei ($381k), and Switzerland ($320k).

The fastest growing import markets in Hand Tools for Costa Rica between 2021 and 2022 were United States ($819k), Switzerland ($87.5k), and Chinese Taipei ($50.6k).

Latest Trends

Oct 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 Hand Tools. 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)$325k
IMPORTS (2022)$12.6M
NET TRADE (2022)-$12.3M

In 2022, Costa Rica exported $325k in Hand Tools. The main destinations of Costa Rica exports on Hand Tools were United States ($115k), South Korea ($92.8k), Costa Rica ($81.6k), Honduras ($4.63k), and Germany ($4.58k).

In 2022, Costa Rica imported $12.6M in Hand Tools, mainly from United States ($8.03M), China ($2.52M), Mexico ($505k), Chinese Taipei ($381k), and Switzerland ($320k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
South Korea$85.9k (1.25k%)
Costa Rica$20.6k (33.7%)
United States$8.83k (8.29%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Costa Rica WERE (2021 - 2022):
Guatemala-$37.5k (-95.4%)
Canada-$5.23k (-74%)
Panama-$3k (-66%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $121k
TOP IMPORT POTENTIALChina+ $542k

Hand Tools’s highest export potential is United States. With an export gap of $121k.   Hand Tools’s highest import potential is China with an import gap of $542k.

See methodology.

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