Costa Rica

Costa Rica ranked No. 40 in total trade value through June with a total of $5.55 billion. Exports totaled $3.02 billion and Imports totaled $2.53 billion, a surplus of $493.23 million.

Top Trading Ports

RankPortYTD
1Miami Int'l Airport$938.28 M
2Port of New Orleans$784.55 M
3Port Everglades, Fla.$545.45 M
4Port of Houston$431.44 M
5Port of Philadelphia$307.14 M
6Port Miami$256.29 M
7Port of Beaumont, Texas$252.69 M
8Port of Jacksonville, Fla.$234.8 M
9Port of Wilmington, Dela.$220.25 M
10Port of New York$111.75 M

U.S. trade with Costa Rica rose to $5.55 billion through June

Costa Rica’s trade with the United States rose to $5.55 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.83 percent below its total trade during the same time period last year. U.S. exports to Costa Rica decreased 3.17 percent while U.S. imports from Costa Rica fell 0.18 percent. The U.S. surplus with Costa Rica was $493.23 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port of New Orleans; No. 3 Port Everglades, Fla.; No. 4 Port of Houston; and No. 5 Port of Philadelphia. During the same period the previous year, the top five were No. 1 Miami Int’l Airport; No. 2 Port of New Orleans; No. 3 Port Everglades, Fla.; No. 4 Port Miami and No. 5 Port of Houston. In the current time period, the top five accounted for 54.2 percent of Costa Rica’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport fell 7.11 percent to $938.28 million.
    Exports fell 11.14 percent to $488.44 million. Imports fell 2.3 percent to $449.84 million.
  • Trade with No. 2 Port of New Orleans rose 13.97 percent to $784.55 million.
    Exports rose 15.39 percent to $415.41 million. Imports rose 12.41 percent to $369.15 million.
  • Trade with No. 3 Port Everglades, Fla. fell 4.86 percent to $545.45 million.
    Exports fell 5.58 percent to $275.74 million. Imports fell 4.12 percent to $269.71 million.
  • Trade with No. 4 Port of Houston rose 32.46 percent to $431.44 million.
    Exports rose 92.83 percent to $364.45 million. Imports fell 51 percent to $66.99 million.
  • Trade with No. 5 Port of Philadelphia rose 67.55 percent to $307.14 million.
    Exports rose 15.05 percent to $16.4 million. Imports rose 71.98 percent to $290.75 million.

Costa Rica ranked No. 40 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 42.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Costa Rica by value through June were the categories of Gasoline, other fuels; Cell phones, related equipment; Medical instruments; Low value shipments; and Corn, respectively. They accounted for 39.51 percent of total exports to Costa Rica.

The value of the top five categories of U.S. imports from Costa Rica –– Medical instruments; Avocados, dates, figs, pineapples, etc.; Bananas and plantains, fresh or dried; Orthopedic appliances, artificial body parts; and Coffee –– accounted for 62.2 percent of all inbound shipments.

Looking more closely at U.S. exports to Costa Rica:

  • Gasoline, other fuels rose 2.73 percent compared to last year to $640.04 million.
  • Cell phones, related equipment rose 19.7 percent compared to last year to $181.85 million.
  • Medical instruments fell 9.79 percent compared to last year to $173.21 million.
  • Low value shipments fell 4.23 percent compared to last year to $109.51 million.
  • Corn rose 22.07 percent compared to last year to $88.75 million.

Looking more closely at U.S. imports from Costa Rica:

  • Medical instruments rose 8.95 percent compared to last year to $872.69 million.
  • Avocados, dates, figs, pineapples, etc. fell 7.85 percent compared to last year to $255.98 million.
  • Bananas and plantains, fresh or dried rose 7.58 percent compared to last year to $207.44 million.
  • Orthopedic appliances, artificial body parts fell 28.66 percent compared to last year to $127.63 million.
  • Coffee rose 7.4 percent compared to last year to $108.08 million.

In the latest annual figures available, Costa Rica recorded $11.36 billion in trade with the United States. Total U.S. exports to Costa Rica were $ 6.21 billion and imports from Costa Rica were $5.15 billion. The U.S. surplus with Costa Rica was $1.06 billion.