2023
Exports
$203MWorld Rnk 16 / 150
Flag Rnk 14 / 1040
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$19.1MWorld Rnk 110 / 206
Flag Rnk 209 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $203M in Palm Oil, making it the 16th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 14th most exported product in Costa Rica. The main destination of Palm Oil exports from Costa Rica are: Netherlands ($56.9M), Mexico ($41.3M), Germany ($41M), Spain ($38.2M), and Nicaragua ($16.1M).

The fastest growing export markets for Palm Oil of Costa Rica between 2022 and 2023 were Spain ($33.4M), Germany ($12.8M), and Colombia ($2.23M).

Imports In 2023, Costa Rica imported $19.1M in Palm Oil, becoming the 110th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 209th most imported product in Costa Rica. Costa Rica imports Palm Oil primarily from: N/A.

The fastest growing import markets in Palm Oil for Costa Rica between 2022 and 2023 were Panama ($9.73M), Guatemala ($1.98M), and El Salvador ($653k).

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 Palm Oil. 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)$203M
IMPORTS (2023)$19.1M
NET TRADE (2023)$184M

In 2023, Costa Rica exported $203M in Palm Oil. The main destinations of Costa Rica exports on Palm Oil were Netherlands ($56.9M), Mexico ($41.3M), Germany ($41M), Spain ($38.2M), and Nicaragua ($16.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
Spain$33.4M (698%)
Germany$12.8M (45.3%)
Colombia$2.23M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Costa Rica WERE (2022 - 2023):
Netherlands-$74.4M (-56.7%)
Mexico-$39.1M (-48.7%)
United Kingdom-$5.53M (-80.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Costa Rica's main exporting competitors in Palm Oil were:
In 2023, Costa Rica's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.6M
TOP IMPORT POTENTIALGuatemala+ $123k

Palm Oil’s highest export potential is United States. With an export gap of $7.6M.   Palm Oil’s highest import potential is Guatemala with an import gap of $123k.

See methodology.

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