2023
Exports
$9.97MWorld Rnk 75 / 219
Flag Rnk 143 / 1040
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$169MWorld Rnk 65 / 226
Flag Rnk 18 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $9.97M in Machinery Having Individual Functions, making it the 75th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 143rd most exported product in Costa Rica. The main destination of Machinery Having Individual Functions exports from Costa Rica are: United States ($2.04M), Malaysia ($2.03M), Germany ($918k), United Arab Emirates ($746k), and United Kingdom ($700k).

The fastest growing export markets for Machinery Having Individual Functions of Costa Rica between 2022 and 2023 were Malaysia ($1.91M), United States ($1.05M), and Switzerland ($620k).

Imports In 2023, Costa Rica imported $169M in Machinery Having Individual Functions, becoming the 65th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 18th most imported product in Costa Rica. Costa Rica imports Machinery Having Individual Functions primarily from: United States ($44M), Singapore ($33.2M), Malaysia ($20M), Germany ($12.5M), and Denmark ($9.08M).

The fastest growing import markets in Machinery Having Individual Functions for Costa Rica between 2022 and 2023 were United States ($12.6M), Denmark ($8.97M), and Germany ($3.58M).

Latest Trends

Dec 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 Machinery Having Individual Functions. 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 (2023)$9.97M
IMPORTS (2023)$169M
NET TRADE (2023)-$159M

In 2023, Costa Rica exported $9.97M in Machinery Having Individual Functions. The main destinations of Costa Rica exports on Machinery Having Individual Functions were United States ($2.04M), Malaysia ($2.03M), Germany ($918k), United Arab Emirates ($746k), and United Kingdom ($700k).

In 2023, Costa Rica imported $169M in Machinery Having Individual Functions, mainly from United States ($44M), Singapore ($33.2M), Malaysia ($20M), Germany ($12.5M), and Denmark ($9.08M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
Malaysia$1.91M (1.62k%)
United States$1.05M (106%)
Switzerland$620k (3.79k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Costa Rica WERE (2022 - 2023):
Germany-$1.28M (-58.3%)
Israel-$256k (-78.5%)
Brazil-$218k (-24.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Costa Rica's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Costa Rica's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.35M
TOP IMPORT POTENTIALGermany+ $5.32M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $1.35M.   Machinery Having Individual Functions’s highest import potential is Germany with an import gap of $5.32M.

See methodology.

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