2023
Exports
$2.74kWorld Rnk 111 / 142
Flag Rnk 927 / 1040
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2023
Imports
$179MWorld Rnk 34 / 193
Flag Rnk 17 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $2.74k in Soybeans, making it the 111th largest exporter of Soybeans in the world. At the same year, Soybeans was the 927th most exported product in Costa Rica. The main destination of Soybeans exports from Costa Rica are: Germany ($1.61k), United States ($1.05k), and Austria ($80).

The fastest growing export markets for Soybeans of Costa Rica between 2022 and 2023 were United States ($730) and Germany ($388).

Imports In 2023, Costa Rica imported $179M in Soybeans, becoming the 34th largest importer of Soybeans in the world. At the same year, Soybeans was the 17th most imported product in Costa Rica. Costa Rica imports Soybeans primarily from: United States ($167M), Brazil ($12.4M), Canada ($28.3k), China ($2.84k), and Chinese Taipei ($1.73k).

The fastest growing import markets in Soybeans for Costa Rica between 2022 and 2023 were Brazil ($12.4M), Canada ($16.2k), and Germany ($491).

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 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 (2023)$2.74k
IMPORTS (2023)$179M
NET TRADE (2023)-$179M

In 2023, Costa Rica exported $2.74k in Soybeans. The main destinations of Costa Rica exports on Soybeans were Germany ($1.61k), United States ($1.05k), and Austria ($80).

In 2023, Costa Rica imported $179M in Soybeans, mainly from United States ($167M), Brazil ($12.4M), Canada ($28.3k), China ($2.84k), and Chinese Taipei ($1.73k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
United States$730 (232%)
Germany$388 (31.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Costa Rica WERE (2022 - 2023):
Austria-$400 (-83.3%)
Chile-$79 (-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 Soybeans were:
In 2023, Costa Rica's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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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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