2022
Exports
$652kWorld Rnk 73 / 199
Flag Rnk 400 / 1045
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.64Rnk 34 / 1025
2022
Imports
$11.1MWorld Rnk 75 / 220
Flag Rnk 303 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $652k in Metalworking Machine Parts, making it the 73rd largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 400th most exported product in Costa Rica. The main destination of Metalworking Machine Parts exports from Costa Rica are: United States ($328k), Nicaragua ($69.2k), Malaysia ($46.7k), Japan ($37.8k), and Costa Rica ($27.1k).

The fastest growing export markets for Metalworking Machine Parts of Costa Rica between 2021 and 2022 were Nicaragua ($46.2k), Japan ($37.8k), and Malaysia ($23.9k).

Imports In 2022, Costa Rica imported $11.1M in Metalworking Machine Parts, becoming the 75th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 303rd most imported product in Costa Rica. Costa Rica imports Metalworking Machine Parts primarily from: United States ($5.99M), Malaysia ($1.44M), Singapore ($654k), China ($617k), and Mexico ($464k).

The fastest growing import markets in Metalworking Machine Parts for Costa Rica between 2021 and 2022 were Singapore ($532k), Mexico ($355k), and China ($298k).

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 Metalworking Machine Parts. 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)$652k
IMPORTS (2022)$11.1M
NET TRADE (2022)-$10.4M

In 2022, Costa Rica exported $652k in Metalworking Machine Parts. The main destinations of Costa Rica exports on Metalworking Machine Parts were United States ($328k), Nicaragua ($69.2k), Malaysia ($46.7k), Japan ($37.8k), and Costa Rica ($27.1k).

In 2022, Costa Rica imported $11.1M in Metalworking Machine Parts, mainly from United States ($5.99M), Malaysia ($1.44M), Singapore ($654k), China ($617k), and Mexico ($464k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Nicaragua$46.2k (201%)
Japan$37.8k (1%)
Malaysia$23.9k (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Costa Rica WERE (2021 - 2022):
Costa Rica-$114k (-80.7%)
Guatemala-$65.8k (-77.1%)
Canada-$12.3k (-88.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $400k
TOP IMPORT POTENTIALChina+ $725k

Metalworking Machine Parts’s highest export potential is United States. With an export gap of $400k.   Metalworking Machine Parts’s highest import potential is China with an import gap of $725k.

See methodology.

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