2022
Exports
$1.14MWorld Rnk 63 / 158
Flag Rnk 329 / 1045
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$7.31MWorld Rnk 81 / 213
Flag Rnk 377 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $1.14M in Industrial Furnaces, making it the 63rd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 329th most exported product in Costa Rica. The main destination of Industrial Furnaces exports from Costa Rica are: Kenya ($412k), Honduras ($206k), Dominican Republic ($186k), Uganda ($177k), and Costa Rica ($51.7k).

The fastest growing export markets for Industrial Furnaces of Costa Rica between 2021 and 2022 were Kenya ($412k), Dominican Republic ($186k), and Uganda ($177k).

Imports In 2022, Costa Rica imported $7.31M in Industrial Furnaces, becoming the 81st largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 377th most imported product in Costa Rica. Costa Rica imports Industrial Furnaces primarily from: Italy ($2.26M), United States ($1.75M), Singapore ($919k), China ($638k), and Germany ($455k).

The fastest growing import markets in Industrial Furnaces for Costa Rica between 2021 and 2022 were Italy ($2.13M), Singapore ($919k), and France ($278k).

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 Industrial Furnaces. 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)$1.14M
IMPORTS (2022)$7.31M
NET TRADE (2022)-$6.17M

In 2022, Costa Rica exported $1.14M in Industrial Furnaces. The main destinations of Costa Rica exports on Industrial Furnaces were Kenya ($412k), Honduras ($206k), Dominican Republic ($186k), Uganda ($177k), and Costa Rica ($51.7k).

In 2022, Costa Rica imported $7.31M in Industrial Furnaces, mainly from Italy ($2.26M), United States ($1.75M), Singapore ($919k), China ($638k), and Germany ($455k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Kenya$412k (1%)
Uganda$177k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Costa Rica WERE (2021 - 2022):
Honduras-$197k (-48.9%)
Costa Rica-$53.1k (-50.7%)
United States-$45.9k (-93.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Costa Rica's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPanama+ $20.1k
TOP IMPORT POTENTIALChina+ $570k

Industrial Furnaces’s highest export potential is Panama. With an export gap of $20.1k.   Industrial Furnaces’s highest import potential is China with an import gap of $570k.

See methodology.

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