Costa Rica Import Data - Global Tradedata | Tendata

tendata blogTrade Data

ten data blog05-12-2023

In 2022, Costa Rica's merchandise imports total $21 billion. Compared to $18.4 billion in 2021, Costa Rica's merchandise imports are up 14.7%.

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The latest Tendata iTrader data shows that Costa Rica's top 10 imports, based on the 2-digit HS code, are:

· 27 (12.7%, 2.69 billion):Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

· 85 (8.65%, 1.83 billion):Electrical machinery and equipment and parts

· 84 (8.61%, 1.82 billion):Nuclear reactors, boilers, machinery and mechanical appliances; parts

· 39 (7.87%, 1.66 billion):Plastics and articles

· 87 (5.47%, 1.15 billion):Vehicles other than railway or tramway rolling stock, and parts and accessories

· 90 (4.92%, 1.04 billion):Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instrume

· 30 (4.86%, 1.02 billion):Pharmaceutical products

· 48 (4.29%, 907 billion):Paper and paperboard; articles of paper pulp, of paper or of paperboard

· 72 (4.17%, 883 billion):Iron and steel

· 10 (2.37%, 502 billion):Cereals

When you need market analysis for the Costa Rica industry, you can find the latest Costa Rica Import Data in Tendata's import/export database by product name or 2-digit HS code.

According to Tendata iTrader's more granular 4-digit HS codes, the top 10 Costa Rica imports (subcategories) are:

· 2710 (11.7%, $2.48 billion):Petroleum oils and oils from bituminous minerals, not crude; waste oils

· 3004 (3.36%, $710 billion):Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses

· 8703 (3.09%, $654 billion):Motor cars and other motor vehicles principally designed for the transport of persons

· 9018 (2.83%, $599 billion):Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electro-medical apparatus and sight-testing instruments

· 8517 (2.28%, $482 billion):Electrical apparatus for line telephony or line telegraphy; videophones

· 8471 (1.93%, $408 billion):Automatic data processing machines and units

· 4805 (1.78%, $377 billion):Uncoated paper and paperboard n.e.s., in rolls or sheets

· 1005 (1.38%, $292 billion):Maize (corn)

· 3923 (1.27%, $269 billion):Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closure

· 3002 (1.11%, $235 billion):Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc

When you need to look up Costa Rica prospects for your products, you can find the latest Costa Rica Import Data in Tendata's import/export database by following the 4-digit HS code.

The latest Tendata iTrader data shows that Costa Rica's main import partners are:

1. USA (38%, 8.19 billion US$)

2. China (15%, 3.18 billion US$)

3. Mexico (6.23%, 1.31 billion US$)

4. Guatemala (2.69%, 570 million US$)

5. Brazil (2.58%, 546 million US$)

6. Germany (2.36%, 498 million US$)

7. Japan (2.05%, 434 million US$)

8. Colombia (1.93%, 408 million US$)

9. Spain (1.77%, 376 million US$)

10. Chile (1.68%, 356 million US$)

When you want to find out if your country cooperates with Costa Rica, you can search Tendata's import/export database for the latest Costa Rica Import Data by country name.

Customs data contains a vast amount of information, and extracting relevant customer contact information can be time-consuming. Is the outcome truly unsatisfactory, or is it due to using customs data in the wrong way, resulting in wasted effort and time?

Utilizing customs data for customer development involves accurately profiling all purchasers and their procurement systems in the target market. This approach swiftly identifies the highest compatibility customers, assesses their credit systems and procurement details, pinpoints premium customers and profit potential, enhances development efficiency, and elevates results. When developing new clients using customs data, consider the following three approaches for reference. (>>>Click to Get Free Access to Customs Data from 80+ Countries<<<)

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1. Establishing a Customer Resource Repository by Country

Creating a customer resource repository is akin to your own work record sheet. Begin by utilizing trade tracking functionality to compile a list of all customers from a particular country. Next, perform specific analyses based on factors such as each purchaser's procurement volume, purchase cycle, product specifications, and supplier systems (with emphasis on examining the diversity or singularity of their supply channels; preferably retaining customers with diversified suppliers, as those relying on a single supply channel may be harder to develop). Lastly, filter out the potential high-quality customers constituting 30% of this country's total, and record them in your customer resource repository, allowing flexible categorization by country, time, customer name, follow-up steps, contact numbers, emails, and contacts. (>>>Click to Start Developing Customers for Free<<<)

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2. Creating a Customer Resource Repository by Peer Companies

Have a solid understanding of peer companies' English names (including full names, abbreviations, etc.). Utilize the global networking capability of suppliers to generate a list of all clients associated with peer companies within the system. Following this, perform essential analyses on these clients based on factors like procurement volume, procurement cycle, product models, and others. Ultimately, identify and record the key customers of your targeted peer companies in your customer resource repository.(>>>Click to Start Developing Customers for Free<<<)

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3. Cataloging New Customers from Each Country

For newly emerging customers from specific countries, use the trade search function to select the country, set the date range and limit product names or customs codes. Check "Newest," and the search results will display high-quality customers that emerged most recently in that country within the designated timeframe. Since these customers are newly established, with recent procurement transactions, their supplier stability might be unsteady. Therefore, prioritize following up with these new potential buyers. Lastly, record all these new prospects in your customer resource repository.、(>>>Click to Start Developing Customers for Free<<<)

All three strategies for utilizing customs data to develop customers can be tailored to your company's actual needs. Depending on market conditions, industry specifics, strategic requirements, etc., find the approach that suits you best, with the sole aim of classifying and organizing your premium customers. Once you've found suitable customers, the next step is to contact them precisely, employing various methods such as phone calls, emails, and online chats.

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