Costa Rica: All Relevant Import and Export Statistics The country of Costa Rica is situated in the middle of Central America, being home to widespread rainforests, wildlife and biodiversity. With its long coastline and important trading neighbours such as Mexico, Nicaragua and the United States of America, Costa Rica becomes a compelling choice for every import-export trader to consider trading with. In a noticeably troubled region of organized crime, gang violence, smuggling and corruption, Costa Rica has managed to maintain relative peace and calm within its frontiers. Trade and tourism, therefore, thrive in Costa Rica.
Costa Rica and India Relations: Trade and Politics Time and again India assists Costa Rica with foreign aid and disaster management. Costa Rica maintains an Embassy in New Delhi. Prominent Indian IT firms such as L&T, Cognizant, Infosys and CSS Corp have established delivery centres in San José, the Costa Rican capital. TCS and Wipro have also maintained offices in San Jose. Proximity to the USA and similar time zones give Indian companies the incentive to set up shop in Costa Rica, a move which CSS Corp says saved them 15-20% cost. In 2020, India exported goods worth $112.23 Million with Chemicals($26.87 Million), Vehicles($24 Million) and Pharma Products ($15.66 Million) as the top exports. Meanwhile, Costa Rican exports to India totalled $22.85 Million during 2020 and consisted of items such as wood and charcoal($17.02 Million), Aluminium ($1.83 Million) and Electrical equipment($1.07 Million).
Costa Rica’s Import Partners: Data and Analysis United States of America ($5.40 Billion) is the main trading partner of Costa Rica. Next, come China ($2.09 Billion), Mexico ($976.56 Million), Guatemala ($408 Million) and Germany ($382.56 Million). Costa Rica also earns a considerable part of its GDP through tourism. It is a favoured hide among American and Canadian travellers.
Costa Rica’s Import Commodities: Data and Analysis Costa Rica imports Mineral Fuels, Oils, Distillation Products ($1.69 Billion) the most, with the United States of America as its top exporter. The other top import categories are Electrical, Electronic Equipment ($1.63 Billion), Plastics ($1.39 Billion), Machinery, Nuclear Reactors and Boilers($1.34 Billion), Vehicles other than Railway, Tramway ($957.42 Million) and Pharmaceuticals ($818.61 Million).