Balance of Trade in Costa Rica averaged -272.42 USD Million from 1994 until 2020, reaching an all time high of 139.55 USD Million in April of 1999 and a record low of -661.40 USD Million in October of 2012. Costa Rica has a population of almost 5 million people and a gross domestic product of $60.13 billion. Costa Rica has a population of almost 5 million people and a gross domestic product of $60.13 billion. Costa Rica spends approximately 6.9% of its total budget on education in comparison to the world average of 4.4%. Costa Rica ranked No. Please authenticate by going to "My account" → "Administration". Border protection, constant disputes and retaliation are common in intraregional trade. Still have questions? Since the free trade just past ....we are happy since major trade is with china ...so we cant wait until the usa trade gets going . 44 for the same month last year. What are Costa Rica's trading partners? What are Costa Rica's major trade partners? The United States is Costa Rica’s largest trading partner, accounting for approximately 40 percent of Costa Rica’s exports and imports. Last modified November 17, 2019. Learn more about how Statista can support your business. Since the free trade just past ....we are happy since major trade is with china ...so we cant wait until the usa trade gets going . The U.S. remains Costa Rica’s largest trading partner and Costa Rica’s largest foreign direct investor. Costa Rica spends approximately 6.9% of its total budget on education in comparison to the world average of 4.4%. In its trade relations with Central American partners, Costa Rica maintains free trade for agricultural products, as shown in Table 2. 0 0 1. Trading Partner Portal: Costa Rica Trade Overview Costa Rica is a small nation in Central America with a geographical size slightly smaller than West Virginia. Costa Rica is a sovereign state found in Central America.It shares its borders with Nicaragua, Panama, Ecuador, and Cocos Island.The country also has a coastline running along the Pacific Ocean and the Caribbean Sea. As soon as this statistic is updated, you will immediately be notified via e-mail. ... 1 decade ago. (November 4, 2020). In its trade relations with Central American partners, Costa Rica maintains free trade for agricultural products, as shown in Table 2. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Overview: This page contains the latest international trade data for Nicaragua, including service trade data, and tariffs.In 2018 Nicaragua was the number 132 economy in the world in terms of GDP (current US$), the number 111 in total exports, the number 117 in total imports, and the number 117 most complex economy according to the Economic Complexity Index (ECI). Exclusivity With Costa Rican Trade Partners: Costa Rican companies that want to represent foreign companies may request they be named the exclusive representative in the market. Are you interested in testing our corporate solutions? Become a Local Representative of a Foreign Company: 1. Please list all the costa rica trading partners including Canada. The U.S. remains Costa Rica’s largest trading partner and Costa Rica’s largest foreign direct investor. Intel now operates one of two Global Innovation Center in Costa Rica. Profit from additional features by authenticating your Admin account. Approximately 53% of all Foreign Direct Investment, and 40% of all imports are of U.S. origin. The United States also represents the largest source of tourism and foreign direct investment to Costa Rica. Dollars). [42] Because of ocean access, 23.7% of Costa Ricas people fish and trade their catches to fish companies; this is viewed as "small scale artisanal coastal" fishing and is most common in the Gulf of Nicoya. U.S. products enjoy an excellent reputation for quality and price-competitiveness. The most recent imports of Costa Rica are led by Refined Petroleum ($1.62B), Cars ($592M), Broadcasting Equipment ($523M), Medical Instruments ($406M), and Packaged Medicaments ($355M). In 2019, the United States was Costa Rica's most important trade partner. Thus, you probably will find that one local representative can effectively distribute your products throughout Costa Rica. Among Costa Rica's major exports are coffee, bananas, sugar, cocoa, and cattle and meat products—all commodities vulnerable to world market prices. "Leading trading partners of Costa Rica in 2019, by total trading value (in million U.S. Country. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In 2013, the United States imported $11.9 billion in goods from Costa Rica. All Rights Reserved. Costa Rica. Costa Rica has over 50 wildlife refuges, 32 major national parks, more than 12 forest reserves and a few biological reserves. Trading Partner Portal: Costa Rica Trade Overview Costa Rica is a small nation in Central America with a geographical size slightly smaller than West Virginia. Nevertheless, sanitary restrictions and previous authorizations are used as barriers to intra-regional trade. In, Trade Map. Costa Rica Trading goes back at least when spaniards colonized this region (Colombus on his 4th voyage), today trade continues to be of major importance to Costa Rica. The United States and Costa Rica are parties to the U.S.-Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), which aims to facilitate trade and investment and further regional integration by eliminating tariffs, opening markets, reducing barriers to services, and promoting transparency. It had ranked No. Table 2. The U.S. goods and services trade deficit with Costa Rica was $49 million in 2019. Goods exports totaled $6.2 billion; goods imports totaled $5.1 billion. The largest US partners with their total trade in goods (sum of imports and exports) in millions of US dollars for calendar year 2017 are as follows: Merchandise exports totalled $159 million in 2017 and imports from Costa Rica totalled $516 million. Figures have been rounded. The United States is Costa Rica's most important trading partner. Because the UK has signed an agreement with Central American countries including Costa Rica, trade could continue with minimal changes to tariffs and quotas from 1 January 2021. A paid subscription is required for full access. Be the first to answer! AFFI - Las Vegas, EEUU. The release date corresponds to the date of publication. The most common import partners for Costa Rica are United States ($6.3B), China ($2.07B), Mexico ($1.09B), Brazil ($487M), and Guatemala ($408M). Total Starbucks locations globally 2003-2019, Market share of leading carbonated beverage companies worldwide, Revenue and financial key figures of Coca-Cola 2009-2019, Profit from additional features with an Employee Account. Costa Rica mainly exports instruments and appliances used in medical sciences (21.8%), various fruits (18.5%), orthopaedic appliances (6.3%), food preparations (3.8%), and coffee (2.8%). The United States is Costa Rica's most important trading partner. ... Gold is the chief mined product in Costa Rica. Intel now operates one of two Global Innovation Center in Costa Rica. That is, most products are … Presentation of foreign trade outline of Costa Rica : level of openness to foreign trade, customs duties, regulation transparence. The European Union, as a whole, is Costa Rica’s second largest trade partner accounting for 18.2% of total trade with an equivalent to US$1884.5 million. Directly accessible data for 170 industries from 50 countries INT 113 Module Six: Economic Intergration Costa Rica Major Trading Partners (2015) Exports:US 42%, EU 21%, Panama 5.7%, Nicaragua 5.2%, Guatemala 5.2% Imports:US 37.3%, China 13.6%, EU 9.7%, Mexico 7%, Guatemala 2.7% and varios others 29% Major Imports/Exports (2015) Exports: Agricultural - Bananas, Plantains, avocados, CoffeePineapples, figs, dates, fruit and vegeable juices Non … There are no restrictions on capital flows in or out of Costa Rica nor on portfolio investment in publicly … Below are exports from Costa Rica that result in negative net exports or product trade balance deficits. The U.S. accounts for almost half of Costa Rica's exports, imports, and tourism, and more than two-thirds of its foreign investment. Costa Rica's main trade partners include: The United States, El Salvador, Guatemala, China, Germany, Netherlands, United Kingdom, France, Italy, Mexico, and Canada. The United States is Costa Rica’s main trade partner where 38.6% of its total exports were destined for an amount of US$3998.9 million. The first table below shows top trading partners of Costa Rica in terms of export sales (selling), including United States, China, and Netherlands. You need a Single Account for unlimited access. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Trade Map. "Leading Trading Partners of Costa Rica in 2019, by Total Trading Value (in Million U.S. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The United States is Costa Rica’s largest trading partner, accounting for over half of … Leading trading partners of Costa Rica in 2019, by total trading value (in million U.S. dollars) [Graph]. Accessed December 13, 2020. https://www.statista.com/statistics/1184904/value-trade-costa-rica-countries/, Trade Map. Then you will be able to mark statistics as favourites and use personal statistics alerts. The U.S. accounts for almost half of Costa Rica's exports, imports, and tourism, and more than two-thirds of its foreign investment. Costa Rica is currently our 42nd largest goods trading partner with $11.4 billion in total (two way) goods trade during 2019. Ask Question + 100. Be the first to answer! Costa Rica Trade Statistics. Bilateral merchandise trade reached $675 million in 2017. 40 among U.S. trade partners in September. The change in exports was 6.00 percent and the change in imports was 10.72 percent. ... Germany, USA, France, Italy and the UK are Switzerland's major trade partners. ... 1 decade ago. facts. Thus, you probably will find that one local representative can effectively distribute your products throughout Costa Rica. World Bank Costa Rica is a major exporter of agriculture products, such as, bananas, […] You can only download this statistic as a Premium user. In 2015, the U.S. had a US$1.7 billion trade surplus with Costa Rica primarily due to Intel’s relocation of their chip manufacturing plant in 2014. The United States is Costa Rica’s largest trade and investment partner. Costa Rica is the oldest continuous democracy in Latin America with moderate economic growth rates (3.3 percent in 2018). Statista. Overall Costa Rica incurred a -$4.7 billion trade deficit during 2019, down -1.5% from -$5.3 billion in red ink one year earlier. World Bank Costa Rica is a major exporter of agriculture products, such as, bananas, […] The 30 largest trade partners of the United States represent 87.9% of U.S. exports, and 87.4% of U.S. imports as of 2017.These figures do not include services or foreign direct investment. Costa Rica is very open to foreign trade, which represents 67% of GDP. Merchandise Trade statistics data for Costa Rica (CRI) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Costa Rica’s total trade with the United States was $919.73 million in September, a change of 8.40 percent from the same month one year ago. 0 2. Costa Rica is Canada’s largest trading partner in Central America. Costa Rica´s main exports are electronic components (18 percent of total exports), medical equipment (7.3 percent), pineapples (7 percent) and bananas (6 percent). Values are based on Promotora del Comercio Exterior de Costa Rica (PROCOMER); Costa Rica's Central Bank, and the United Nations Comtrade Database. Foreign Trade in Figures. New, Figures and insights about the advertising and media world, Industry Outlook Import and Export. The European Union, as a whole, is Costa Rica’s second largest trade partner accounting for 18.2% of total trade with an equivalent to US$1884.5 million. Explore Visualizations globalEDGE - Your source for business knowledge Menu. Asked by Wiki User. As a Premium user you get access to the detailed source references and background information about this statistic. and over 1 Mio. CAFTA-DR contains a chapter on investment similar to a bilateral investment treaty with the United States. Become a Local Representative of a Foreign Company: 1. Asked by Wiki User. Costa Rica is a small country, with a population of about 4 million. The country is the 84 th largest export economy and the 81 st largest importer in the world. The United States is Costa Rica’s main trade partner where 38.6% of its total exports were destined for an amount of US$3998.9 million. U.S. imports of trade goods from China 1985-2019, U.S. imports, as a percentage of GDP 1990-2018. HS Code Export USD$ (90) Precision Instruments: $3,650,042,883 (08) Fruit & Nuts: Get your answers by asking now. The second lists top trade partners of Costa Rica regarding import total (buying). According to the CIA world factbook for Costa Rica's most recent figures, the country exports about … CAFTA-DR. Foreign Relations with North America Please create an employee account to be able to mark statistics as favorites. Costa Rica is a sovereign state found in Central America.It shares its borders with Nicaragua, Panama, Ecuador, and Cocos Island.The country also has a coastline running along the Pacific Ocean and the Caribbean Sea. Costa Rica Trade Statistics. Please do not hesitate to contact me. ", Trade Map, Leading trading partners of Costa Rica in 2019, by total trading value (in million U.S. dollars) Statista, https://www.statista.com/statistics/1184904/value-trade-costa-rica-countries/ (last visited December 13, 2020), Leading trading partners of Costa Rica in 2019, by total trading value, Share of the leading merchandise importers worldwide 2019, by importing nation, Total value of international U.S. imports of goods and services 2000-2019, U.S. foreign trade - imports of trade goods and services by quarter 2010-2020, U.S. foreign trade - balance of trade goods and services by quarter 2010-2020, Value of international U.S. trade imports of services 2000-2019, Change in U.S. imports of trade goods 1990-2019, Change in U.S. imports of services 2000-2019, U.S. imports of trade goods in 2019, by state, Breakdown of U.S. imports of goods by main commodity group 2018, Breakdown of U.S. imports of services 2019, by type, U.S. imports of trade goods in 2019, by product industry class (NAICS), Growth rate of U.S. imports of trade goods in 2019, by product industry class (NAICS), Value of U.S. private services imports from the world 2018, by service type, Import value of goods to the U.S. by product category 2019, U.S. imports of advanced technology products 2019, U.S. energy merchandise trade value 1975-2019, Main import partners for the United States 2017, U.S. imports of trade goods from Canada 1985-2019, U.S. imports of trade goods from Mexico 1985-2019, U.S. import growth of trade goods from China 2009-2019, Value of the leading U.S. imports from China 2019, by commodity, South Korea's total imports compared to North Korea 1990-2018, South Korea's total exports compared to North Korea 1990-2018, South Korea trade value with ASEAN countries 2013-2018, Garment industry's share of total exports Bangladesh 2011-2020, United Kingdom total trade value 2016-2020, El Salvador: main trade partners 2019, by trading value, Honduras: main trade partners 2019, by trading value, Belize: main trade partners 2019, by trading value, Nicaragua: main trade partners 2019, by trading value, Costa Rica: main trade partners 2019, by trading value, Trade value of plastic waste from Germany into Malaysia 2010-2017, Trade value of plastic waste imported from the U.S. into Singapore 2010-2017, Trade value of plastic waste from the U.S. into Malaysia 2010-2017, Trade value of total plastic waste imports Malaysia 2010-2017, Trade value of total plastic waste imported into Singapore 2010-2017, Value of total exports from Turkey to the EU28 from 2009 to 2018, Value of total imports from the EU28 to Turkey 2009 to 2018, Guatemala: main trade partners 2019, by trading value, Value of total exports from Hong Kong 2009-2019, Leading trading partners of Costa Rica in 2019, by total trading value (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Then you can access your favorite statistics via the star in the header. November 4, 2020. In 2019, the United States was Costa Rica's most important trade partner. Chart. Events. Ask Question + 100. Major companies such as Sony, Proctor and Gamble, Baxter, St. Jude Medical, Coca Cola, Hewlett Packard, Amazon, Dole, IBM, Sikes, Western Union, and others have already invested in Costa Rica. Still have questions? Frozen Foods | Processing Trading | Exporting | Importing | Distributing. Answer. You need at least a Single Account to use this feature. The country’s relatively well-educated, labor force focuses on English-language instruction, relatively low levels of corruption, geographic proximity, living conditions, and attractive free trade zone incentives also offer strong appeal to exporters and investors. In Costa Rica exports account for around 40 percent of GDP. Countryaah.com © 2020. Register in seconds and access exclusive features. Costa Rica is the 32nd largest trade partner with the U.S. On the other hand, the U.S. is Costa Rica's largest trade partner, accounting for almost 50 percent of imports and about 40 percent of exports. Important Trade Regulation and Agreements. Please list all the costa rica trading partners including Canada. Costa Rica is a small country, with a population of about 4 million. Then list your resource. Get your answers by asking now. This feature is limited to our corporate solutions. Below are exports from Costa Rica that result in negative net exports or product trade balance deficits. Costa Rica recorded a trade deficit of 262.98 USD Million in October of 2020. Table 2. The source does not provide an exact date of publication. dollars)." Overall Costa Rica incurred a -$4.7 billion trade deficit during 2019, down -1.5% from -$5.3 billion in red ink one year earlier. As a Premium user you get access to background information and details about the release of this statistic. Border protection, constant disputes and retaliation are common in intraregional trade. Global Insights ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. The major markets for Costa Rican exports are the US, the UK, Germany, Italy, Guatemala, El Salvador, Honduras, and Belgium. Then list your resource. Costa Rica´s main export partner is the United States (37 percent of total exports). New, Everything you need to know about the industry development, Find studies from all around the internet. Canada-U.S. Free Trade Agreement (superseded by North American Free Trade Agreement) Costa Rica - Dominican Republic (superseded by DR-CAFTA) Costa Rica - Trinidad and Tobago (superseded by Costa Rica - CARICOM Free Trade Agreement) EU - Norway FTA (1973), now a member of the European Economic Area common market The United States is Costa Rica’s main trading partner, accounting for about 47 percent of Costa Rica’s total imports. In 2018, Costa Rica major trading partner countries for exports were United States, Netherlands, Belgium, Panama and Guatemala and for imports they were United States, China, Mexico, Guatemala and Germany . What are some of Costa Ricas rescorces? 0 2. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Nevertheless, sanitary restrictions and previous authorizations are used as barriers to intra-regional trade. Our Services. In 2015, the U.S. had a US$1.7 billion trade surplus with Costa Rica primarily due to Intel’s relocation of their chip manufacturing plant in 2014. Exporting | Importing | Distributing partners Traded goods ( at the 2-digit HS Code level ) top export! Accessible data for 170 industries from 50 countries and over 1 Mio quality and price-competitiveness: //www.statista.com/statistics/1184904/value-trade-costa-rica-countries/ trade. 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