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Costa Rica Trade Summary

2023

Costa Rica exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR COSTA RICA 2023

Overall Exports and Imports for Costa Rica 2023

Exports and imports of Costa Rica in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 18,106 million.
  • The total value of imports (CIF) was 22,512 million.
  • At the HS6 digit level, 2,919 products were exported to 162 countries and 3,995 products were imported from 204 countries.

Costa Rica top 5 Export and Import partners 2023

Top five countries to which Costa Rica exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Costa Rica exports to United States worth US$ 8,345 million, with a partner share of 46.09 percent.
  2. Costa Rica exports to Netherlands worth US$ 1,515 million, with a partner share of 8.36 percent.
  3. Costa Rica exports to Guatemala worth US$ 888 million, with a partner share of 4.90 percent.
  4. Costa Rica exports to Belgium worth US$ 839 million, with a partner share of 4.63 percent.
  5. Costa Rica exports to Nicaragua worth US$ 693 million, with a partner share of 3.82 percent.

Top five countries from which Costa Rica imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Costa Rica imports from United States worth US$ 8,601 million, with a partner share of 38.21 percent.
  2. Costa Rica imports from China worth US$ 3,393 million, with a partner share of 15.07 percent.
  3. Costa Rica imports from Mexico worth US$ 1,438 million, with a partner share of 6.39 percent.
  4. Costa Rica imports from Brazil worth US$ 660 million, with a partner share of 2.93 percent.
  5. Costa Rica imports from Guatemala worth US$ 598 million, with a partner share of 2.66 percent.

Costa Rica Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Costa Rica along with trade value are:

  1. Costa Rica exported Needles, catheters, cannulae and the like, nes , worth 2,752,234.34 (US$ Thousands).
  2. Costa Rica exported Instruments and appliances used in medical or v , worth 2,308,728.52 (US$ Thousands).
  3. Costa Rica exported Artificial parts of the body, nes , worth 1,452,778.82 (US$ Thousands).
  4. Costa Rica exported Bananas, including plantains, fresh or dried , worth 1,189,143.62 (US$ Thousands).
  5. Costa Rica exported Pineapples, fresh or dried , worth 1,175,538.49 (US$ Thousands).

The top five imported HS 6 digit level products from world by Costa Rica along with trade value are

  1. Costa Rica imported Petroleum oils, etc, (excl. crude); preparation , worth 2,430,733.40 (US$ Thousands).
  2. Costa Rica imported Transmission apparatus, for radioteleph incorpo , worth 692,237.81 (US$ Thousands).
  3. Costa Rica imported Other medicaments of mixed or unmixed products, , worth 565,620.95 (US$ Thousands).
  4. Costa Rica imported Other articles of plastics, nes , worth 376,992.81 (US$ Thousands).
  5. Costa Rica imported Instruments and appliances used in medical or v , worth 331,315.65 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Costa Rica in 2023 are below

  • The maximum rate of tariff in percentage on any product was 150 percent.
  • The simple average tariff across all products was 2.79 percent.
  • The trade weighted average tariff was 1.41 .
  • The total duty free imports in thousands of US dollars were 14,566,870.25 and duty free tariff line items share was 73.40 percent.

Development Indicators 2023

Key Development Indicators of Costa Rica in 2023 are below

  • Costa Rica GDP in current US dollar was 86,498 million.
  • GNI per capita, Atlas method (current US$) was 14,260.00 .
  • Costa Rica Trade balance: as % of GDP was 5.36.
  • Trade balance in current US$ was 4,636.00 million.
  • Trade as percentage of GDP was 72.47 .
  • Trade in services as percentage of GDP was 24.47 .

Trade Indicators 2023

Trade Indicators for Costa Rica in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.17.
  • Index of export market penetration was 4.12.
  • World Growth in percentage was -3.13 and Costa Rica Country Growth was 6.37 .