2022
Exports
$38.8MWorld Rnk 38 / 135
Flag Rnk 57 / 1045
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$10.7MWorld Rnk 90 / 215
Flag Rnk 311 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $38.8M in Soybean Oil, making it the 38th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 57th most exported product in Costa Rica. The main destination of Soybean Oil exports from Costa Rica are: Panama ($24.2M), El Salvador ($9.12M), Nicaragua ($4.41M), Honduras ($1.09M), and Dominican Republic ($32.9k).

The fastest growing export markets for Soybean Oil of Costa Rica between 2021 and 2022 were Panama ($6.55M), El Salvador ($3.33M), and Nicaragua ($2.11M).

Imports In 2022, Costa Rica imported $10.7M in Soybean Oil, becoming the 90th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 311th most imported product in Costa Rica. Costa Rica imports Soybean Oil primarily from: United States ($7.22M), Guatemala ($1.68M), Argentina ($1.06M), Mexico ($431k), and Belize ($161k).

The fastest growing import markets in Soybean Oil for Costa Rica between 2021 and 2022 were Guatemala ($191k), Belize ($161k), and Paraguay ($27.2k).

Latest Trends

Sep 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 Soybean 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 (2022)$38.8M
IMPORTS (2022)$10.7M
NET TRADE (2022)$28.1M

In 2022, Costa Rica exported $38.8M in Soybean Oil. The main destinations of Costa Rica exports on Soybean Oil were Panama ($24.2M), El Salvador ($9.12M), Nicaragua ($4.41M), Honduras ($1.09M), and Dominican Republic ($32.9k).

In 2022, Costa Rica imported $10.7M in Soybean Oil, mainly from United States ($7.22M), Guatemala ($1.68M), Argentina ($1.06M), Mexico ($431k), and Belize ($161k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Panama$6.55M (37.2%)
El Salvador$3.33M (57.5%)
Nicaragua$2.11M (91.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Costa Rica WERE (2021 - 2022):Mexico-$7.11k (-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 Soybean Oil were:
In 2022, Costa Rica's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALDominican Republic+ $78.1k
TOP IMPORT POTENTIALArgentina+ $900k

Soybean Oil’s highest export potential is Dominican Republic. With an export gap of $78.1k.   Soybean Oil’s highest import potential is Argentina with an import gap of $900k.

See methodology.

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