2022
Exports
$3.65MWorld Rnk 153 / 214
Flag Rnk 218 / 1045
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$2.16BWorld Rnk 83 / 225
Flag Rnk 1 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $3.65M in Refined Petroleum, making it the 153rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 218th most exported product in Costa Rica. The main destination of Refined Petroleum exports from Costa Rica are: Panama ($923k), Peru ($697k), Nicaragua ($417k), Honduras ($370k), and South Africa ($357k).

The fastest growing export markets for Refined Petroleum of Costa Rica between 2021 and 2022 were Panama ($618k), South Africa ($354k), and Honduras ($214k).

Imports In 2022, Costa Rica imported $2.16B in Refined Petroleum, becoming the 83rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Costa Rica. Costa Rica imports Refined Petroleum primarily from: United States ($2.04B), Curaçao ($40.8M), Jamaica ($15M), Colombia ($10.4M), and Mexico ($8.93M).

The fastest growing import markets in Refined Petroleum for Costa Rica between 2021 and 2022 were United States ($713M), Jamaica ($13M), and Colombia ($7.91M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (751) were at the forefront of shipping Refined Petroleum from Costa Rica to the United States.

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 Refined Petroleum. 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)$3.65M
IMPORTS (2022)$2.16B
NET TRADE (2022)-$2.16B

In 2022, Costa Rica exported $3.65M in Refined Petroleum. The main destinations of Costa Rica exports on Refined Petroleum were Panama ($923k), Peru ($697k), Nicaragua ($417k), Honduras ($370k), and South Africa ($357k).

In 2022, Costa Rica imported $2.16B in Refined Petroleum, mainly from United States ($2.04B), Curaçao ($40.8M), Jamaica ($15M), Colombia ($10.4M), and Mexico ($8.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Panama$618k (203%)
South Africa$354k (12.3k%)
Honduras$214k (137%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Costa Rica WERE (2021 - 2022):
South Korea-$1.83M (-98.3%)
Greenland-$232k (-100%)
Venezuela-$117k (-76.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPanama+ $1.25M
TOP IMPORT POTENTIALMexico+ $12.8M

Refined Petroleum’s highest export potential is Panama. With an export gap of $1.25M.   Refined Petroleum’s highest import potential is Mexico with an import gap of $12.8M.

See methodology.

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