2022
Exports
$4.58MWorld Rnk 166 / 216
Flag Rnk 69 / 95
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$2.38BWorld Rnk 96 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $4.58M in Mineral fuels, mineral oils and products of their distillation, making it the 166th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 69th most exported product in Costa Rica. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Costa Rica are: Panama ($949k), Peru ($697k), Guatemala ($511k), Nicaragua ($505k), and Honduras ($469k).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Costa Rica between 2021 and 2022 were Panama ($627k), South Africa ($354k), and Honduras ($180k).

Imports In 2022, Costa Rica imported $2.38B in Mineral fuels, mineral oils and products of their distillation, becoming the 96th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Costa Rica. Costa Rica imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($2.24B), Curaçao ($40.8M), Jamaica ($15M), Colombia ($10.6M), and Mexico ($9.28M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Costa Rica between 2021 and 2022 were United States ($731M), Jamaica ($13M), and Colombia ($8M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (751) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation 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 Mineral fuels, mineral oils and products of their distillation. 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)$4.58M
IMPORTS (2022)$2.38B
NET TRADE (2022)-$2.37B

In 2022, Costa Rica exported $4.58M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Costa Rica exports on Mineral fuels, mineral oils and products of their distillation were Panama ($949k), Peru ($697k), Guatemala ($511k), Nicaragua ($505k), and Honduras ($469k).

In 2022, Costa Rica imported $2.38B in Mineral fuels, mineral oils and products of their distillation, mainly from United States ($2.24B), Curaçao ($40.8M), Jamaica ($15M), Colombia ($10.6M), and Mexico ($9.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Panama$627k (195%)
South Africa$354k (12.3k%)
Honduras$180k (62.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Costa Rica WERE (2021 - 2022):
South Korea-$1.83M (-98.3%)
Costa Rica-$398k (-97.8%)
Greenland-$232k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Costa Rica's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPanama+ $1.29M
TOP IMPORT POTENTIALMexico+ $12.8M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is Panama. With an export gap of $1.29M.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Mexico with an import gap of $12.8M.

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