Costa Rica is a small country with an impressive export industry. In 2020, the total exports of Costa Rica amounted to $11.6 billion and its top export categories were medical instruments ($3.0 billion), bananas ($2.13 billion), tropical fruits ($1.44 billion), orthopedic appliances ($1 billion) and integrated circuits ($849 million). The United States was the main destination for Costa Rican exports in 2019, representing 42.5% of all exports that year; followed by the European Union (17.8%) and Central America (13%).
Agricultural products are one of Costa Rica’s most important sources of income from foreign trade: agricultural exports reached a value of $2.56 billion in 2019 while coffee experienced a decrease in July 2021 when compared to July 2020 (-30,5%). Pineapple is another major product exported by this nation – it represented 1$billion worth goods shipped abroad last year- making it the world’s leading pineapple exporter according to Worldstopexports data . Pharmaceuticals also had an outstanding performance during 2020 as they grew 13%, reaching 809 million dollars which represents 7% out off all national exportation figures that same year.. Advanced manufacturing accounted for 21 %of total shipments overseas , amounting 2 point 3 billions US Dollars on December 31st ,2020 ; electrical machinery & equipment totaled 372 millions USD whereas food industry increased their sales up to 525 millions US Dollars due mainly because off Covid 19 pandemic restrictions worldwide .
The USA imported 4 point 9 billions US Dollar worth goods from CR on 2019 meanwhile Canada received 212 Millions between January & October 2020 ; essential oils added 41 Million USD plus aluminium 48 point 69 Million USD respectively . Flower exporters suffered losses caused by covid 19 pandemic dropping down 13 percent but cocoa production rose significantly increasing their revenues up 41point 6 percent over 2015/2019 period totaling 10 points 3 Millions Usd at end off said time frame
The statistic of Costa Rica’s total exports in 2020 being $11.6 billion is a testament to the country’s economic success and growth. It shows that Costa Rica is a major player in the global economy, and that its exports are a major source of income for the country. This statistic is important to consider when discussing Costa Rica’s export statistics, as it provides a snapshot of the country’s economic performance and its ability to compete in the global market.
The top export categories for Costa Rica in 2019 were medical instruments ($3.0 billion), bananas ($2.13 billion), tropical fruits ($1.44 billion), orthopedic appliances ($1 billion), and integrated circuits ($849 million).
This statistic paints a vivid picture of Costa Rica’s export landscape in 2019, showcasing the country’s top export categories and the impressive amounts of money they generated. It is a valuable insight into the economic activity of Costa Rica and provides a glimpse into the country’s export capabilities. This information is essential for anyone looking to gain a better understanding of Costa Rica’s export market and the potential opportunities it presents.
Costa Rica Exports Statistics Overview
Costa Rica’s exports to the United States represented 42.5% of the total exports in 2019.
This statistic is a powerful indicator of the strength of Costa Rica’s export relationship with the United States. It demonstrates the importance of the US market to Costa Rica’s export economy and the potential for further growth in the future. It also provides insight into the potential for other countries to increase their exports to the US, as Costa Rica has been able to do so successfully.
Costa Rica’s main export destinations are the United States (42.5%), the European Union (17.8%), and Central America (13.5%).
This statistic is a crucial insight into the economic landscape of Costa Rica, as it reveals the countries that are the primary recipients of Costa Rican exports. It is clear that the United States is the largest importer of Costa Rican goods, followed by the European Union and Central America. This information is essential for understanding the economic impact of Costa Rica’s exports and the importance of its trading partners.
Coffee exports from Costa Rica went down by 30.5% in July 2021 when compared to July 2020.
This statistic is a telling indication of the impact of the pandemic on Costa Rica’s exports. It highlights the need for the country to diversify its export portfolio and explore new markets in order to remain competitive in the global economy. It also serves as a reminder of the importance of staying up-to-date with the latest export trends and regulations in order to ensure that Costa Rica remains a viable trading partner.
In 2019, Costa Rica’s pineapple exports reached a value of $1 billion, making it the world’s top pineapple exporter.
This statistic is a testament to the success of Costa Rica’s pineapple exports, highlighting the country’s impressive achievement of becoming the world’s top pineapple exporter. It is a powerful indicator of the country’s export capabilities and a great example of how Costa Rica is able to capitalize on its natural resources to generate significant economic growth. This statistic is an important part of the overall picture of Costa Rica’s export statistics and provides valuable insight into the country’s export performance.
Pharmaceuticals exports reached a growth rate of 13% in 2020, hitting $809 million, representing 7% of Costa Rica’s total exports.
The impressive 13% growth rate of pharmaceutical exports in 2020 is a testament to Costa Rica’s success in the global market. With exports totaling $809 million, pharmaceuticals now account for 7% of the country’s total exports, a significant contribution to the economy. This statistic is a clear indication of the country’s potential to become a major player in the international trade arena.
Costa Rica exports to China totaled $250 million in 2020.
The statistic of Costa Rica’s exports to China totaling $250 million in 2020 is a testament to the strength of the Costa Rican economy and its ability to capitalize on international trade. This impressive figure highlights the potential of Costa Rica’s exports and the importance of understanding the country’s export statistics.
Costa Rica’s electrical machinery and equipment exports were valued at over $372 million in 2019.
This statistic is a testament to the success of Costa Rica’s electrical machinery and equipment exports in 2019. It highlights the country’s ability to produce and export high-quality electrical machinery and equipment, which is a major contributor to the country’s economy. This statistic is also indicative of the potential for further growth in this sector, as well as the potential for increased foreign investment in the country.
Food industry exports increased by 7% in 2020, amounting to $525 million.
This statistic is a testament to the success of the food industry in Costa Rica, as exports increased by 7% in 2020, amounting to $525 million. This is a significant achievement, as it demonstrates the strength of the food industry in the country and its ability to remain competitive in the global market. It also highlights the potential for further growth in the sector, as the country looks to capitalize on its natural resources and capitalize on its position as a major exporter of food products.
The United States imported $4.9 billion worth of goods from Costa Rica in 2019.
This statistic is a testament to the success of Costa Rica’s export industry in 2019. It shows that the United States was willing to invest heavily in Costa Rican goods, indicating that the country’s exports are in high demand. This is a positive sign for the Costa Rican economy and a great indicator of the potential for further growth in the future.
Costa Rica’s exports of essential oils reached a value of around $41 million in 2019.
This statistic is a testament to the success of Costa Rica’s essential oil industry, demonstrating the country’s ability to generate significant revenue from exports. It is an important indicator of the country’s economic health and provides insight into the potential for further growth in the sector. As such, it is an invaluable piece of information for anyone interested in learning more about Costa Rica’s export statistics.
Between January and October 2020, Costa Rica exported $212 million worth of goods to Canada.
This statistic is a testament to the success of Costa Rica’s export industry. It shows that the country has been able to capitalize on the opportunities presented by the Canadian market, generating a significant amount of revenue in the process. This is an important indicator of the country’s economic health and its ability to compete in the global marketplace.
Costa Rica’s medical devices and high-precision manufacturing sector represented 8.3% of GDP in 2019.
The statistic that Costa Rica’s medical devices and high-precision manufacturing sector represented 8.3% of GDP in 2019 is indicative of the country’s commitment to developing its export industry. This is an impressive figure, especially when compared to other countries in the region, and it demonstrates the potential for Costa Rica to become a major player in the global export market. Furthermore, this statistic highlights the importance of the medical device and high-precision manufacturing sector to the country’s economy, and it shows that the sector is a major contributor to the country’s overall GDP.
Fish exports reached a value of around $128.9 million in 2020.
The fact that fish exports reached a value of around $128.9 million in 2020 is a testament to the success of Costa Rica’s export industry. It shows that the country is able to capitalize on its natural resources and capitalize on the global demand for seafood. This is a great sign for the economy and a sign that Costa Rica is a viable trading partner for other countries.
Costa Rica’s aluminium exports were estimated at around $48.69 million in 2019.
The statistic on Costa Rica’s aluminium exports is a telling indication of the country’s export prowess. It highlights the fact that Costa Rica is a major player in the global aluminium market, and that its exports are highly valued. This is an important point to make in a blog post about Costa Rica’s export statistics, as it demonstrates the country’s economic strength and potential.
Exports of Costa Rican cocoa and cocoa preparations increased by 41.6% between 2015 and 2019, reaching a value of $10.3 million.
This statistic is a testament to the success of Costa Rica’s cocoa and cocoa preparations exports, demonstrating a significant increase in value over the past four years. It is indicative of the country’s ability to capitalize on the global demand for cocoa-based products, and highlights the potential for further growth in this sector. This is an important point to consider when discussing Costa Rica’s export statistics, as it shows the potential for the country to become a major player in the international cocoa market.
Conclusion
Costa Rica is a major exporter of goods, with exports totaling $11.6 billion in 2020. The top export categories for Costa Rica are medical instruments, bananas, tropical fruits, orthopedic appliances and integrated circuits. In 2019 the United States was the main destination for Costa Rican exports (42.5%), followed by the European Union (17.8%) and Central America (13.5%). Agricultural products were also an important part of Costa Rica’s exports ($2.56 billion), as well as coffee ($1 billion). Pharmaceuticals experienced a growth rate of 13% in 2020 reaching $809 million while advanced manufacturing represented 21% of total exports at $2.3 billion that same year; electrical machinery and equipment totaled over $372 million in 2019; food industry increased 7%, amounting to 525 million dollars; essential oils reached around 41 million dollars during that period; fish exported amounted to 128 point nine millions US Dollars last year and aluminium had 48 point sixty-nine millions US Dollars estimated value on its sales abroad between 2015 -2019 . Finally flower exporters suffered from Covid 19 pandemic decreasing their production by 13%. All these figures show how diverse yet successful has been Costarican economy when it comes to international trade despite current global crisis situation
References
0. – https://www.www.worldstopexports.com
1. – https://www.www.export.gov
2. – https://www.datosmacro.expansion.com
3. – https://www.www.reuters.com
4. – https://www.oec.world
5. – https://www.thecostaricanews.com
6. – https://www.www.ceicdata.com
7. – https://www.wits.worldbank.org
8. – https://www.ustr.gov
9. – https://www.qcostarica.com
10. – https://www.www.cinde.org
