Costa Rica
↔
Thailand

Costa Rica-Thailand Bilateral Trade Analysis 2023

Complete trade statistics: $197.07M total volume •Costa Rica deficit: $197.07M

Costa Rica → Thailand

$0

Exports (2023)

Thailand → Costa Rica

$197.07M

Imports (2023)

Trade Balance

$197.07M

Deficit for Costa Rica

Total Trade

$197.07M

Combined Volume

Trade Flow Visualization

Direct trade relationship between Costa Rica and Thailand. Green line shows exports from Costa Rica, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Costa Rica-Thailand commercial relationship and competitive positioning in global markets.

Costa Rica → Thailand Exports

$0
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
Infinity% top product
1Aluminium: waste and scrap
$6.74M
Infinity% of exports
2Electrical apparatus: n.e.c. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts
$2.21M
Infinity% of exports
3Plants, live: n.e.c. in heading no. 0602
$2.02M
Infinity% of exports
4Ferrous waste and scrap: n.e.c. in heading no. 7204
$1.95M
Infinity% of exports
5Oil seeds: palm nuts and kernels, whether or not broken
$1.57M
Infinity% of exports

🎯 Strategic Export Focus

Costa Rica's export portfolio to Thailand demonstrates strategic specialization, with aluminium: waste and scrap representing a key competitive advantage in this bilateral market.

Thailand → Costa Rica Imports

$197.07M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
17.0% concentration
1Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1
$33.53M
17.0% of imports
2Vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc
$21.04M
10.7% of imports
3Vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc
$18.41M
9.3% of imports
4Printing, copying, and facsimile machines: machines which perform two or more of the functions of printing, copying or facsimile transmission, capable of connecting to an automatic data processing machine or to a network
$17.91M
9.1% of imports
5Steel, stainless: wire
$16.91M
8.6% of imports

📦 Import Strategy Analysis

Costa Rica's import pattern from Thailand reveals significant dependencyin vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Costa Rica demonstrates competitive strength in exportingaluminium: waste and scrap to Thailand, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $197.07M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Costa Rica-Thailand Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $197.07 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Costa Rica maintains a deficit of $197.07 million
  • Export Focus: Costa Rica's primary exports include aluminium: waste and scrap, electrical apparatus: n.e.c. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts, plants, live: n.e.c. in heading no. 0602
  • Import Dependencies: Key imports from Thailand include vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $197.07M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Costa Rica leveraging its comparative advantages in aluminium: waste and scrap.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Costa Rica's specialization in aluminium: waste and scrapcomplements Thailand's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $197.07M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $197.07M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $197.07 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in aluminium: waste and scrap and vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Costa Rica's trade deficit of $197.07 million impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in electrical apparatus: n.e.c. in heading no. 8536, for switching or protecting electrical circuits, for a voltage not exceeding 1000 volts present expansion opportunities.
Market Diversification
Beyond current focus on vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in aluminium: waste and scrap may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Costa Rica and Thailand represents a total trade volume of $197.07 million in 2023. This partnership demonstrates an unfavorable trade balance for Costa Rica, with imports exceeding exportsby $197.07 million.

Export Strengths

Costa Rica's exports to Thailand total $0.00, with competitive advantages in aluminium: waste and scrap, representing $6.74M orInfinity% of bilateral exports.

Import Dependencies

Imports from Thailand amount to $197.07 million, highlighting economic interdependence in vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, with Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1 comprising17.0% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Costa Rica's strategic sourcing from Thailand. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Costa Rica and Thailand in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023