2023
Exports
$246MWorld Rnk 62 / 225
Flag Rnk 14 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$947MWorld Rnk 68 / 226
Flag Rnk 7 / 96
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $246M in Pharmaceutical products, making it the 62nd largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 14th most exported product in Costa Rica. The main destination of Pharmaceutical products exports from Costa Rica are: Panama ($36.7M), Dominican Republic ($27.9M), Cuba ($27.1M), Nicaragua ($25.5M), and Honduras ($24.2M).

The fastest growing export markets for Pharmaceutical products of Costa Rica between 2022 and 2023 were Panama ($7.79M), United States ($7.7M), and Dominican Republic ($5.57M).

Imports In 2023, Costa Rica imported $947M in Pharmaceutical products, becoming the 68th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Costa Rica. Costa Rica imports Pharmaceutical products primarily from: United States ($129M), Germany ($123M), Switzerland ($90.5M), Mexico ($55.9M), and Spain ($55.8M).

The fastest growing import markets in Pharmaceutical products for Costa Rica between 2022 and 2023 were Germany ($38.8M), United States ($37.8M), and Austria ($14.9M).

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 Pharmaceutical products. 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)$246M
IMPORTS (2023)$947M
NET TRADE (2023)-$701M

In 2023, Costa Rica exported $246M in Pharmaceutical products. The main destinations of Costa Rica exports on Pharmaceutical products were Panama ($36.7M), Dominican Republic ($27.9M), Cuba ($27.1M), Nicaragua ($25.5M), and Honduras ($24.2M).

In 2023, Costa Rica imported $947M in Pharmaceutical products, mainly from United States ($129M), Germany ($123M), Switzerland ($90.5M), Mexico ($55.9M), and Spain ($55.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
Panama$7.79M (26.9%)
United States$7.7M (138%)
Dominican Republic$5.57M (24.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Costa Rica WERE (2022 - 2023):
Honduras-$13M (-35%)
Ecuador-$3.35M (-15.4%)
South Korea-$2.27M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Costa Rica's main exporting competitors in Pharmaceutical products were:
In 2023, Costa Rica's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16M
TOP IMPORT POTENTIALUnited States+ $38.8M

Pharmaceutical products’s highest export potential is United States. With an export gap of $16M.   Pharmaceutical products’s highest import potential is United States with an import gap of $38.8M.

See methodology.

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