2022
Exports
$6.33BWorld Rnk 21 / 226
Flag Rnk 1 / 21
2022
PRODUCT COMPLEXITY IN Instruments
2.12Rnk 3 / 1025
2022
Imports
$1.35BWorld Rnk 53 / 226
Flag Rnk 6 / 21
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $6.33B in Instruments, making it the 21st largest exporter of Instruments in the world. At the same year, Instruments was the 1st most exported product in Costa Rica. The main destination of Instruments exports from Costa Rica are: United States ($3.84B), Netherlands ($579M), Belgium ($497M), Japan ($261M), and China ($173M).

The fastest growing export markets for Instruments of Costa Rica between 2021 and 2022 were United States ($283M), Netherlands ($87.5M), and United Kingdom ($82.7M).

Imports In 2022, Costa Rica imported $1.35B in Instruments, becoming the 53rd largest importer of Instruments in the world. At the same year, Instruments was the 6th most imported product in Costa Rica. Costa Rica imports Instruments primarily from: United States ($739M), Costa Rica ($96.5M), China ($79.5M), Malaysia ($75M), and Switzerland ($46.7M).

The fastest growing import markets in Instruments for Costa Rica between 2021 and 2022 were United States ($114M), Canada ($17.2M), and China ($15M).

COMPANIES In 2023, leading companies such as Goya Foods (50), Dole Fresh Fruit (10), and Chestnut Hill Farms (2) were at the forefront of shipping Instruments from Costa Rica to the United States.

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 Instruments. 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)$6.33B
IMPORTS (2022)$1.35B
NET TRADE (2022)$4.98B

In 2022, Costa Rica exported $6.33B in Instruments. The main destinations of Costa Rica exports on Instruments were United States ($3.84B), Netherlands ($579M), Belgium ($497M), Japan ($261M), and China ($173M).

In 2022, Costa Rica imported $1.35B in Instruments, mainly from United States ($739M), Costa Rica ($96.5M), China ($79.5M), Malaysia ($75M), and Switzerland ($46.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
United States$283M (7.96%)
Netherlands$87.5M (17.8%)
United Kingdom$82.7M (530%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Costa Rica WERE (2021 - 2022):
Russia-$27.5M (-100%)
Austria-$22.4M (-99.7%)
Costa Rica-$20.1M (-17.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $135M
TOP IMPORT POTENTIALChina+ $40.2M

Instruments’s highest export potential is China. With an export gap of $135M.   Instruments’s highest import potential is China with an import gap of $40.2M.

See methodology.

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