Costa Rica recorded a trade deficit of 338.10 USD Million in August of 2021. source: Central Bank of Costa Rica

Balance of Trade in Costa Rica averaged -272.54 USD Million from 1994 until 2021, reaching an all time high of 139.55 USD Million in April of 1999 and a record low of -661.40 USD Million in October of 2012. This page provides the latest reported value for - Costa Rica Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Costa Rica Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Balance of Trade in Costa Rica is expected to be -380.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Costa Rica Balance of Trade is projected to trend around -390.00 USD Million in 2022 and -340.00 USD Million in 2023, according to our econometric models.

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Costa Rica Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2021-06-21 10:00 PM May $-226M $-381M
2021-07-22 01:30 PM Jun $-410.3M $-226M
2021-08-24 03:45 PM Jul $-269.9M $-424.5M
2021-09-21 10:00 PM Aug $-338.1M $-272.9M
2021-10-21 10:00 PM Sep $-338.1M $ -380M
2021-11-22 11:50 PM Oct
2021-12-21 09:00 PM Nov

Costa Rica Last Unit Reference Previous Highest Lowest
Balance of Trade -338.10 USD Million Aug/21 -272.90 139.55 -661.40
Current Account -778.70 USD Million Jun/21 -574.70 119.71 -998.53
Exports 1188.64 USD Million Aug/21 1243.57 1314.33 189.28
Imports 1526.73 USD Million Aug/21 1513.40 1738.83 280.48
External Debt 32333.50 USD Million Jun/21 32218.00 32333.50 4464.80
Capital Flows -376.62 USD Million Jun/21 -358.94 484.27 -2431.19
Foreign Direct Investment 648.00 USD Million Jun/21 715.00 1250.00 82.60

Costa Rica Balance of Trade
Costa Rica's lack of mineral resources makes the country reliant on imports of fuels (11 percent of total imports). As a result, the country has been registering trade deficits since 1995. Costa Rica´s main exports are: electronic components and medical equipment. Costa Rica´s main trading partner is the United States (37 percent of total exports and 52 percent of imports). Others include: Panama, Guatemala, China and Mexico.