Key Market Indicators
**Costa Rican Synthetic Rubber Exports Projected to Rise by 2028** SAN JOSÉ – Costa Rica's synthetic rubber exports are expected to reach approximately $471,000 by 2028, up from around $384,000 in 2023, marking an average annual growth rate of 3.3%. This steady increase follows a historical trend, with the country's synthetic rubber supply having grown by 0.8% per year since 1999. In the global ranking for synthetic rubber exports, Costa Rica stood at number 53 in 2023. Oman edged out Costa Rica with exports also valued at $384,000. Leading the rankings were Thailand, the United States, and Japan, securing the second, third, and fourth positions respectively. **Synthetic Rubber Imports Also on the Rise** Costa Rica's synthetic rubber imports are forecast to climb to approximately $43.5 million by 2028, up from around $41.3 million in 2023. This represents an average annual growth rate of 0.9%. Since 1999, the country's demand for synthetic rubber has increased by 1.2% per year. The continuous growth in both export and import figures underscores the expanding role of synthetic rubber in Costa Rica's economy and its integration into global trade networks.
