2022
Exports
$4.56BWorld Rnk 8 / 224
Flag Rnk 1 / 1045
2022
PRODUCT COMPLEXITY IN Medical Instruments
0.76Rnk 260 / 1025
2022
Imports
$737MWorld Rnk 34 / 225
Flag Rnk 2 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $4.56B in Medical Instruments, making it the 8th largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 1st most exported product in Costa Rica. The main destination of Medical Instruments exports from Costa Rica are: United States ($2.93B), Netherlands ($438M), Belgium ($294M), Japan ($231M), and China ($156M).

The fastest growing export markets for Medical Instruments of Costa Rica between 2021 and 2022 were United States ($78.2M), Netherlands ($24.3M), and United Arab Emirates ($19.3M).

Imports In 2022, Costa Rica imported $737M in Medical Instruments, becoming the 34th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 2nd most imported product in Costa Rica. Costa Rica imports Medical Instruments primarily from: United States ($488M), Costa Rica ($61.8M), China ($32.2M), Switzerland ($31.8M), and Canada ($15.6M).

The fastest growing import markets in Medical Instruments for Costa Rica between 2021 and 2022 were United States ($123M), Canada ($10.1M), and China ($8.56M).

Latest Trends

Sep 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 Medical 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)$4.56B
IMPORTS (2022)$737M
NET TRADE (2022)$3.82B

In 2022, Costa Rica exported $4.56B in Medical Instruments. The main destinations of Costa Rica exports on Medical Instruments were United States ($2.93B), Netherlands ($438M), Belgium ($294M), Japan ($231M), and China ($156M).

In 2022, Costa Rica imported $737M in Medical Instruments, mainly from United States ($488M), Costa Rica ($61.8M), China ($32.2M), Switzerland ($31.8M), and Canada ($15.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
United States$78.2M (2.74%)
Netherlands$24.3M (5.89%)
United Arab Emirates$19.3M (1.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Costa Rica WERE (2021 - 2022):
Austria-$18.5M (-99.8%)
Russia-$18.4M (-100%)
Poland-$16.4M (-74.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $109M
TOP IMPORT POTENTIALChina+ $16.7M

Medical Instruments’s highest export potential is China. With an export gap of $109M.   Medical Instruments’s highest import potential is China with an import gap of $16.7M.

See methodology.

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