2022
Exports
$123MWorld Rnk 67 / 217
Flag Rnk 20 / 1045
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$480MWorld Rnk 71 / 224
Flag Rnk 6 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $123M in Packaged Medicaments, making it the 67th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 20th most exported product in Costa Rica. The main destination of Packaged Medicaments exports from Costa Rica are: Panama ($27.1M), Nicaragua ($23.4M), Honduras ($17.9M), Ecuador ($14M), and Guatemala ($11.7M).

The fastest growing export markets for Packaged Medicaments of Costa Rica between 2021 and 2022 were Nicaragua ($4.31M), Honduras ($3.48M), and Ecuador ($3.31M).

Imports In 2022, Costa Rica imported $480M in Packaged Medicaments, becoming the 71st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most imported product in Costa Rica. Costa Rica imports Packaged Medicaments primarily from: Italy ($55.3M), Mexico ($47.6M), Guatemala ($37.5M), United States ($33M), and Colombia ($26.6M).

The fastest growing import markets in Packaged Medicaments for Costa Rica between 2021 and 2022 were Italy ($41.5M), Sweden ($17.6M), and Mexico ($5.68M).

Latest Trends

Aug 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 Packaged Medicaments. 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)$123M
IMPORTS (2022)$480M
NET TRADE (2022)-$357M

In 2022, Costa Rica exported $123M in Packaged Medicaments. The main destinations of Costa Rica exports on Packaged Medicaments were Panama ($27.1M), Nicaragua ($23.4M), Honduras ($17.9M), Ecuador ($14M), and Guatemala ($11.7M).

In 2022, Costa Rica imported $480M in Packaged Medicaments, mainly from Italy ($55.3M), Mexico ($47.6M), Guatemala ($37.5M), United States ($33M), and Colombia ($26.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Nicaragua$4.31M (22.6%)
Honduras$3.48M (24.1%)
Ecuador$3.31M (31%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Costa Rica WERE (2021 - 2022):
Guatemala-$4.95M (-29.8%)
Trinidad and Tobago-$883k (-69%)
Cuba-$716k (-22.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.15M
TOP IMPORT POTENTIALUnited States+ $21.1M

Packaged Medicaments’s highest export potential is United States. With an export gap of $3.15M.   Packaged Medicaments’s highest import potential is United States with an import gap of $21.1M.

See methodology.

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