The potential trade rates offered by the trade firms have attracted different multinational companies to Costa Rica for an effective supply of global essentials and high-quality medical instruments acquired from the nation. Top operating companies like Medtronic, Abbott, and Boston Scientific offer tax incentives and duty exemptions to streamline the regulation of top shipments from Costa Rica. The well-educated workforce with low labor costs engaged in the medical instruments manufacturing industry of Costa Rica has been recording a pivotal growth of the annual GDP value via significant contributions from exports. The diversification of the product ranges includes surgical tools accompanied by catheters and prosthetics, maintaining sustainability in the export trade growth rate.
The highly influential competitive medical instruments export market of Costa Rica, accompanied by the sudden stride in the growing global demands, has indulged the country in inducing different diversifications, resulting in an export of products worth 2.5 billion US dollars in 2024. The regulatory compliance environment and the increasing investment of the government authorities in innovation and automation of manufacturing units have been aiming to set up international standards for fulfilling global demands.
In accordance with the growing trade demands of medical instruments for the fulfillment of domestic and internal acquisitions from Costa Rica, the country has induced different variants of its industrial production in the overall supplies, countering the annual valuations. According to the Costa Rica Export Data, the top 10 exported variants of medical instruments in 2024 are,
1. Surgical Instruments - The total valuation of the Surgical Instruments exported from Costa Rica in 2024 - 700 million US dollars.
2. Medical Gloves - The total valuation of the Medical Gloves exported from Costa Rica in 2024 - 580 million US dollars.
3. Diagnostic Equipment - The total valuation of the Diagnostic Equipment exported from Costa Rica in 2024 - 478 million US dollars.
4. Dental Instruments - The total valuation of the Dental Instruments exported from Costa Rica in 2024 - 345 million US dollars.
5. Rehabilitation Equipment - The total valuation of the Rehabilitation Equipment exported from Costa Rica in 2024 - 287 million US dollars.
6. Endoscopy Equipment - The total valuation of the Endoscopy Equipment exported from Costa Rica in 2024 - 176 million US dollars.
7. Orthopedic Implants - The total valuation of the Orthopedic Implants exported from Costa Rica in 2024 - 154 million US dollars.
8. Medical Furniture - The total valuation of the Medical Furniture exported from Costa Rica in 2024 - 128 million US dollars.
9. Ophthalmic Instruments - The total valuation of the Ophthalmic Instruments exported from Costa Rica in 2024 - 108 million US dollars.
10. Laboratory Equipment - The total valuation of the Laboratory Equipment exported from Costa Rica in 2024 - 76 million US dollars.
Costa Rica maintains a stable trade relation of export with the regions of closer geographical proximity, offering employment rates for the domestic population and increasing investment opportunities for the globally leading investors worldwide. According to the Costa Rica Customs Data, the top 10 export trade partners of the nation with which it trades most of its medical instruments in 2024 are,
1. United States - According to the USA Import Data, the valuation of the medical instruments exported from Costa Rica in 2024 - 657 million US dollars.
Top exported goods
1. Scalpels
2. Forceps
3. Surgical scissors
4. Retractors
5. Suction tubes
2. Mexico - According to the Mexico Import Data, valuation of the medical instruments exported from Costa Rica in 2024 - 584 million US dollars.
Top exported goods
1. Hemostats
2. Needle holders
3. Speculums
4. Probes
5. Clamps
3. Germany - According to the Germany Import Data, the valuation of the medical instruments exported from Costa Rica in 2024 - 468 million US dollars.
Top exported goods
1. Ultrasound machines
2. MRI machines
3. X-Ray machines
4. CT scanners
5. Mammography machines
4. Canada - According to the Canada Import Data, the valuation of the medical instruments exported from Costa Rica in 2024 - 345 million US dollars.
Top exported goods
1. Portable imaging devices
2. Pacemakers
3. Stents
4. Catheters
5. Heart valves
5. Netherlands - According to the Netherlands Import Data, the valuation of the medical instruments exported from Costa Rica in 2024 - 278 million US dollars.
Top exported goods
1. Electrophysiology devices
2. Cardiac monitors
3. Hip implants
4. Knee implants
5. Saw blades
6. Japan - According to the Japan Import Data, valuation of the medical instruments exported from Costa Rica in 2024 - 187 million US dollars.
Top exported goods
1. Bone plates and screws
2. Orthopedic drills
3. Dental chairs
4. Handpieces
5. Dental burs
7. United Kingdom - According to the United Kingdom Import Data, the valuation of the medical instruments exported from Costa Rica in 2024 - 165 million US dollars.
Top exported goods
1. Curing lights
2. Endoscopes
3. Laparoscopes
4. Arthroscopes
5. Cystoscopes
8. Belgium - According to the Belgium Import Data, valuation of the medical instruments exported from Costa Rica in 2024 - 145 million US dollars.
Top exported goods
1. Bronchoscopes
2. Endoscopes
3. ECG monitors
4. Pulse oximeters
5. Blood pressure monitors
9. China - According to the China Import Data, valuation of the medical instruments exported from Costa Rica in 2024 - 89 million US dollars.
Top exported goods
1. Capnography devices
2. Multi-parameter monitors
3. Ventilators
4. Nebulizers
5. Spirometers
10. France - According to the France Import Data, valuation of the medical instruments exported from Costa Rica in 2024 - 65 million US dollars.
Top exported goods
1. Syringes
2. Infusion pumps
3. Needles
4. Autoinjectors
5. IV catheters
Que. What is the export trade value of medical instruments exported from Costa Rica in 2024?
Ans. The export trade value of medical instruments exported from Costa Rica in 2024 is 2.5 billion US dollars.
Que. What are the top medical instrument exports of Costa Rica in 2024?
Ans. Surgical Instruments are the top medical instruments exports of Costa Rica in 2024.
Que. Name the top medical instruments export trade partner of Costa Rica in 2024.
Ans. The United States is the top medical instruments export trade partner of Costa Rica in 2024.
Que. Where can you get a detailed trade analysis of the medical instrument exports of Costa Rica in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the medical instrument’s exports of Costa Rica in 2024.