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Costa Rica

coasta rica flagU.S.-Costa Rica Trade Facts 

Costa Rica is currently our 41st largest goods trading partner with $11 billion in total (two way) goods trade during 2015. Goods exports totaled $6.1 billion; goods imports totaled $4.5 billion. The U.S. goods trade surplus with Costa Rica was $1.7 billion in 2015.

According to the Department of Commerce, U.S. exports of goods to Costa Rica supported an estimated 27 thousand jobs in 2014 (latest data available).

Exports

  • Costa Rica was the United States' 38th largest goods export market in 2015.
     
  • U.S. goods exports to Costa Rica in 2015 were $6.1 billion, down 12% ($814 million) from 2014 but up 71% from 2005. U.S. exports to Costa Rica are up 8.3% from 2008 (pre-FTA).
     
  • The top export categories (2-digit HS) in 2015 were: mineral fuels ($1.3 billion), electrical machinery ($869 million), machinery ($586 million), plastics ($446 million), and optical and medical instruments ($403 million).
     
  • U.S. exports of agricultural products to Costa Rica totaled $669 million in 2015, our 36th largest agricultural export market. Leading categories include: corn ($114 million), soybeans ($107 million), wheat ($38 million), rice ($32 million), and prepared food ($29 million).

Imports

  • Costa Rica was the United States' 47th largest supplier of goods imports in 2015.
     
  • U.S. goods imports from Costa Rica totaled $4.5 billion in 2015, down 53% ($5.0 billion) from 2014, but up 31% from 2005. U.S. imports from Costa Rica are up 13.5% from 2008 (pre-FTA).
     
  • The top import categories (2-digit HS) in 2015 were: optical and medical instruments ($1.5 billion), edible fruit & nuts (pineapples, bananas) ($892 million), electrical machinery ($667 million), special other (returns) ($196 million), and coffee, tea & spice (coffee) ($175 million).
     
  • U.S. imports of agricultural products from Costa Rica totaled $1.5 billion in 2015, our 26th largest supplier of agricultural imports. Leading categories include: other fresh fruit ($522 million), bananas and plantains ($325 million), coffee, unroasted ($168 million), processed fruit & vegetables ($117 million), and fresh vegetables ($71 million).

Trade Balance

  • The U.S. trade balance with Costa Rica shifted from a goods trade deficit of $2.5 billion in 2014 to a goods trade surplus of $1.7 billion in 2015.

Investment

  • U.S. foreign direct investment (FDI) in Costa Rica (stock) was $955 million in 2014 (latest data available), a 4.3% decrease from 2013. U.S. direct investment in Costa Rica is led by manufacturing, prof., scientific, and tech. services, and information.
     
  • No data on Costa Rica's FDI in the U.S. are available.
     
  • Sales of services in Costa Rica by majority U.S.-owned affiliates were $1.5 billion in 2013 (latest data available), while sales of services in the United States by majority Costa Rica-owned firms were $63 million.

NOTE: No services trade data with Costa Rica are available.

4/14/2016