Singapore (SGP) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Singapore-Costa Rica Trade: In 2022, Singapore exported $130M to Costa Rica. The main products that Singapore exported to Costa Rica were Machinery Having Individual Functions ($46.5M), Medical Instruments ($12.7M), and Packaged Medicaments ($9.8M). Over the past 5 years the exports of Singapore to Costa Rica have increased at an annualized rate of 15%, from $64.8M in 2017 to $130M in 2022.

In 2022, Singapore did not export any services to Costa Rica.

Costa Rica-Singapore Trade: In 2022, Costa Rica exported $75.6M to Singapore. The main products that Costa Rica exported to Singapore were Medical Instruments ($23.3M), Orthopedic Appliances ($22.7M), and Integrated Circuits ($13.2M). Over the past 5 years the exports of Costa Rica to Singapore have increased at an annualized rate of 24.7%, from $25.1M in 2017 to $75.6M in 2022.

In 2022, Costa Rica did not export any services to Singapore.

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $130M to Costa Rica. The main products exported from Singapore to Costa Rica were Machinery Having Individual Functions ($46.5M), Medical Instruments ($12.7M), and Packaged Medicaments ($9.8M). During the last 5 years the exports of Singapore to Costa Rica have increased at an annualized rate of 15%, from $64.8M in 2017 to $130M in 2022.

In 2017, Costa Rica exported $75.6M to Singapore. The main products exported from Costa Rica to Singapore were Medical Instruments ($23.3M), Orthopedic Appliances ($22.7M), and Integrated Circuits ($13.2M). During the last 5 years the exports of Costa Rica to Singapore have increased at an annualized rate of 24.7%, from $25.1M in 2022 to $75.6M in 2017.

Exports from Singapore () to Costa Rica () (2022)

Exports from Costa Rica () to Singapore () (2022)

Latest Data

Trade between Singapore () and Costa Rica ()

Singapore Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Costa Rica
Top DestinationUnited States$6.83B

This map shows whether countries import more from Singapore or Costa Rica. Each country is colored based on the difference in imports they receive from Singapore and Costa Rica or the difference in the growth in imports.

In 2022, countries that imported more from Singapore than Costa Rica included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Costa Rica than Singapore included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

Difference in imports from Costa Rica () and Singapore () (2022)

Comparative Advantage Singapore - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Singapore and Costa Rica by product, considering products traded by both, Singapore and Costa Rica.

During 2022, Singapore had a large net trade with Costa Rica in the exports of Machines ($63.9M), Instruments ($29.4M), and Chemical Products ($12.6M).

During 2017, Costa Rica had a large net trade with Singapore in the exports of Instruments ($50M), Machines ($20.5M), and Plastics and Rubbers ($1.88M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Singapore and Costa Rica. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Singapore.

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Costa Rica () (2022)

Exports from Costa Rica () to Singapore () (2022)

Latest Data

Trade between Singapore () and Costa Rica ()

Singapore Exports

Costa Rica Exports

Market Competitiveness

Difference in imports from Costa Rica () and Singapore () (2022)

Comparative Advantage Singapore - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Costa Rica () (2022)

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