2022
Exports
$4.44MWorld Rnk 95 / 221
Flag Rnk 201 / 1045
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$16.7MWorld Rnk 130 / 224
Flag Rnk 228 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $4.44M in Excavation Machinery, making it the 95th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 201st most exported product in Costa Rica. The main destination of Excavation Machinery exports from Costa Rica are: United States ($1.82M), Singapore ($516k), Senegal ($496k), Guatemala ($363k), and Ecuador ($149k).

The fastest growing export markets for Excavation Machinery of Costa Rica between 2021 and 2022 were United States ($682k), Senegal ($494k), and Singapore ($412k).

Imports In 2022, Costa Rica imported $16.7M in Excavation Machinery, becoming the 130th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 228th most imported product in Costa Rica. Costa Rica imports Excavation Machinery primarily from: United States ($7.68M), China ($2.13M), Sweden ($738k), Spain ($704k), and France ($497k).

The fastest growing import markets in Excavation Machinery for Costa Rica between 2021 and 2022 were Sweden ($575k), France ($271k), and Netherlands ($187k).

Latest Trends

Jul 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 Excavation Machinery. 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 (2022)$4.44M
IMPORTS (2022)$16.7M
NET TRADE (2022)-$12.2M

In 2022, Costa Rica exported $4.44M in Excavation Machinery. The main destinations of Costa Rica exports on Excavation Machinery were United States ($1.82M), Singapore ($516k), Senegal ($496k), Guatemala ($363k), and Ecuador ($149k).

In 2022, Costa Rica imported $16.7M in Excavation Machinery, mainly from United States ($7.68M), China ($2.13M), Sweden ($738k), Spain ($704k), and France ($497k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
United States$682k (59.8%)
Senegal$494k (21.3k%)
Singapore$412k (393%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Costa Rica WERE (2021 - 2022):
Netherlands-$641k (-100%)
South Africa-$213k (-97.6%)
Curaçao-$127k (-61.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Excavation Machinery were:
In 2022, Costa Rica's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2.17M
TOP IMPORT POTENTIALChina+ $2.39M

Excavation Machinery’s highest export potential is United States. With an export gap of $2.17M.   Excavation Machinery’s highest import potential is China with an import gap of $2.39M.

See methodology.

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