Top Export Trading Partners of Costa-rica - Volza

Costa Rica's primary export trading partners in 2023 are the United States (38% of exports, $8.5 billion), the Netherlands (9%, $2 billion), Belgium (7%, $1.6 billion), China (5%, $1.1 billion), and Panama (4%, $900 million).

Key exports include medical devices to the United States, bananas to the Netherlands, pineapples to Belgium, coffee to China, and electronics to Panama. The Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) and bilateral agreements with the European Union and China facilitate these exports through reduced trade barriers and harmonized standards across the region.

Economically, Costa Rica showed a GDP growth of 3.2% and maintained an inflation rate of 4.3% in 2023, impacting export competitiveness. Government incentives such as support for the high-tech sector and investments in well-developed port facilities enhance connectivity with trading partners, promoting efficient export logistics. These strategic efforts bolster Costa Rica's trade relations and position it as an essential player in global commerce. The country's focus on technology and agriculture significantly influences its export landscape.