2022
Exports
$1.11kWorld Rnk 117 / 139
Flag Rnk 949 / 1045
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$174MWorld Rnk 35 / 200
Flag Rnk 19 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $1.11k in Soybeans, making it the 117th largest exporter of Soybeans in the world. At the same year, Soybeans was the 949th most exported product in Costa Rica. The main destination of Soybeans exports from Costa Rica are: Austria ($418), United States ($315), Germany ($305), and Chile ($69).

The fastest growing export markets for Soybeans of Costa Rica between 2021 and 2022 were Chile ($13).

Imports In 2022, Costa Rica imported $174M in Soybeans, becoming the 35th largest importer of Soybeans in the world. At the same year, Soybeans was the 19th most imported product in Costa Rica. Costa Rica imports Soybeans primarily from: United States ($174M), Canada ($31.8k), Chinese Taipei ($7.39k), China ($4.36k), and Nicaragua ($1.52k).

The fastest growing import markets in Soybeans for Costa Rica between 2021 and 2022 were United States ($12.1M), Canada ($15.1k), and Chinese Taipei ($5.42k).

Latest Trends

Jul 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 Soybeans. 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)$1.11k
IMPORTS (2022)$174M
NET TRADE (2022)-$174M

In 2022, Costa Rica exported $1.11k in Soybeans. The main destinations of Costa Rica exports on Soybeans were Austria ($418), United States ($315), Germany ($305), and Chile ($69).

In 2022, Costa Rica imported $174M in Soybeans, mainly from United States ($174M), Canada ($31.8k), Chinese Taipei ($7.39k), China ($4.36k), and Nicaragua ($1.52k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):Chile$13 (23.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Costa Rica WERE (2021 - 2022):
Austria-$537 (-56.2%)
Germany-$435 (-58.8%)
United States-$310 (-49.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Soybeans were:
In 2022, Costa Rica's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.44k
TOP IMPORT POTENTIALCanada+ $189k

Soybeans’s highest export potential is United States. With an export gap of $1.44k.   Soybeans’s highest import potential is Canada with an import gap of $189k.

See methodology.

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