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Costa Rica

Costa Rica ranked No. 45 in total trade value through October with a total of $9.28 billion. Exports totaled $5.2 billion and Imports totaled $4.08 billion, a surplus of $1.11 billion.

January – October 2018

Top Trading Ports

Total Trade: $9.28 billion

RankPortTotal YTD
1Miami International Airport $1,528,480,277
2Port of New Orleans $995,861,188
3Port of Corpus Christi, Texas $897,982,497
4Port Miami $819,529,045
5Port Everglades, Fla. $781,922,047
6Port of Houston $456,606,646
7Port of Wilmington, Dela. $422,811,616
8Port of New York $288,308,887
9Port of Philadelphia $285,031,653
10Port of Savannah, Ga. $222,279,764

U.S. trade with Costa Rica rose to $9.28 billion through October

Costa Rica’s trade with the United States rose to $9.28 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.4 percent above its total trade during the same time period last year. Costa Rica’s exports increased 2.58 percent while imports rose 6.82 percent. The U.S. surplus with Costa Rica was $1.11 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami International Airport; No. 2 Port of New Orleans; No. 3 Port of Corpus Christi, Texas; No. 4 Port Miami; and No. 5 Port Everglades, Fla.. During the same period the previous year, the top five were No. 1 Miami International Airport No. 2 Port Miami No. 3 Port of New Orleans No. 4 Port Everglades, Fla. and No. 5 Port of Houston. In the current time period, the top five accounted for 54.13 percent of Costa Rica’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami International Airport fell 3.17 percent to $1.53 billion.
    Exports rose 8.92 percent to $853.96 million. Imports fell 15.11 percent to $674.52 million.
  • Trade with No. 2 Port of New Orleans rose 20.62 percent to $995.86 million.
    Exports fell 11.68 percent to $488.59 million. Imports rose 86.24 percent to $507.27 million.
  • Trade with No. 3 Port of Corpus Christi, Texas rose 186.63 percent to $897.98 million.
    Exports rose 186.63 percent to $897.97 million. Imports totaled $12,590.
  • Trade with No. 4 Port Miami fell 7.62 percent to $819.53 million.
    Exports fell 14.32 percent to $548.52 million. Imports rose 9.72 percent to $271.01 million.
  • Trade with No. 5 Port Everglades, Fla. rose 25.45 percent to $781.92 million.
    Exports rose 43.04 percent to $478.89 million. Imports rose 5.04 percent to $303.03 million.

Costa Rica ranked No. 45 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 45.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Costa Rica by value through October were the categories of Gasoline, other fuels; Medical instruments for surgeons, dentists, vets; Cell phones, related equipment; Low value shipments; and Misc. uncoated kraft paper, paperboard, respectively. They accounted for 38.53 percent of total exports to Costa Rica.

The value of the top five categories of U.S. imports from Costa Rica –– Medical instruments for surgeons, dentists, vets; Avocados, dates, figs, pineapples, etc.; Bananas and plantains, fresh or dried; Orthopedic appliances, artificial body parts; and Coffee –– accounted for 62.7 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 7.01 percent compared to last year to $1.15 billion.
  • Medical instruments for surgeons, dentists, vets rose 22.29 percent compared to last year to $307.9 million.
  • Cell phones, related equipment rose 6.31 percent compared to last year to $203.14 million.
  • Low value shipments rose 6.34 percent compared to last year to $193.75 million.
  • Misc. uncoated kraft paper, paperboard rose 35.25 percent compared to last year to $148.97 million.

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

  • Medical instruments for surgeons, dentists, vets rose 15.34 percent compared to last year to $1.32 billion.
  • Avocados, dates, figs, pineapples, etc. rose 3.44 percent compared to last year to $459.31 million.
  • Bananas and plantains, fresh or dried fell 6.75 percent compared to last year to $349.62 million.
  • Orthopedic appliances, artificial body parts fell 8.39 percent compared to last year to $273.53 million.
  • Coffee rose 18.74 percent compared to last year to $163.2 million.

In the latest annual figures available, Costa Rica recorded $10.8 billion in trade with the United States. At year’s end, its were Miami; New Orleans; Houston; Philadelphia; and Los Angeles. Total U.S. exports to Costa Rica were $ 6.23 billion and imports from Costa Rica were $4.56 billion. The U.S. surplus with Costa Rica was $1.67 billion.