2022
Exports
$34.9MWorld Rnk 25 / 187
Flag Rnk 64 / 1045
2022
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts
1.05Rnk 150 / 1025
2022
Imports
$19MWorld Rnk 41 / 220
Flag Rnk 203 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $34.9M in Opto-Electric Instrument Parts, making it the 25th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 64th most exported product in Costa Rica. The main destination of Opto-Electric Instrument Parts exports from Costa Rica are: United States ($25.9M), Hong Kong ($5.72M), Philippines ($1.11M), Indonesia ($849k), and New Zealand ($261k).

The fastest growing export markets for Opto-Electric Instrument Parts of Costa Rica between 2021 and 2022 were Philippines ($266k), Sri Lanka ($76k), and Dominican Republic ($63.6k).

Imports In 2022, Costa Rica imported $19M in Opto-Electric Instrument Parts, becoming the 41st largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 203rd most imported product in Costa Rica. Costa Rica imports Opto-Electric Instrument Parts primarily from: United States ($12.7M), India ($1.42M), Ireland ($1.04M), Singapore ($929k), and Vietnam ($761k).

The fastest growing import markets in Opto-Electric Instrument Parts for Costa Rica between 2021 and 2022 were United States ($4.59M), Ireland ($959k), and India ($782k).

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 Opto-Electric Instrument Parts. 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)$34.9M
IMPORTS (2022)$19M
NET TRADE (2022)$16M

In 2022, Costa Rica exported $34.9M in Opto-Electric Instrument Parts. The main destinations of Costa Rica exports on Opto-Electric Instrument Parts were United States ($25.9M), Hong Kong ($5.72M), Philippines ($1.11M), Indonesia ($849k), and New Zealand ($261k).

In 2022, Costa Rica imported $19M in Opto-Electric Instrument Parts, mainly from United States ($12.7M), India ($1.42M), Ireland ($1.04M), Singapore ($929k), and Vietnam ($761k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Philippines$266k (31.4%)
Sri Lanka$76k (1%)
Dominican Republic$63.6k (136%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Costa Rica WERE (2021 - 2022):
United States-$10.1M (-28.1%)
Ireland-$2.77M (-95.7%)
Hong Kong-$996k (-14.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Opto-Electric Instrument Parts were:
In 2022, Costa Rica's main importing competitors in Opto-Electric Instrument Parts were:

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $519k
TOP IMPORT POTENTIALChina+ $349k

Opto-Electric Instrument Parts’s highest export potential is United States. With an export gap of $519k.   Opto-Electric Instrument Parts’s highest import potential is China with an import gap of $349k.

See methodology.

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