Costa Rica recorded a trade deficit of 218.60 USD Million in August of 2020.

Balance of Trade in Costa Rica averaged -272.86 USD Million from 1994 until 2020, 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 2020. source: Central Bank of Costa Rica

Balance of Trade in Costa Rica is expected to be -215.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Costa Rica to stand at -380.00 in 12 months time. In the long-term, the Costa Rica Balance of Trade is projected to trend around -429.84 USD Million in 2021 and -340.00 USD Million in 2022, according to our econometric models.

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Costa Rica Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-218.60 -210.20 139.55 -661.40 1994 - 2020 USD Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-06-22 10:00 PM May $-179.1M $-231.9M $-210M
2020-07-22 02:00 PM Jun $-250.9M $-177.3M $-360M
2020-08-24 02:30 PM Jul $-210.2M $-257M $-300M
2020-09-21 10:00 PM Aug $-218.6M $-210.2M $-190M
2020-10-21 09:30 PM Sep $-218.6M $ -215M
2020-11-23 11:50 PM Oct
2020-12-21 09:00 PM Nov

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.