Armenia (ARM) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Armenia-Costa Rica Trade: In 2022, Armenia exported $55.4k to Costa Rica. The main products that Armenia exported to Costa Rica were Aluminium Foil ($51.8k), Non-Knit Women's Coats ($2.06k), and Non-Knit Men's Coats ($1.02k). Over the past 5 years the exports of Armenia to Costa Rica have decreased at an annualized rate of 21.7%, from $189k in 2017 to $55.4k in 2022.

In 2022, Armenia did not export any services to Costa Rica.

Costa Rica-Armenia Trade: In 2022, Costa Rica exported $3.38M to Armenia. The main products that Costa Rica exported to Armenia were Tropical Fruits ($1.4M), Medical Instruments ($1.32M), and Orthopedic Appliances ($140k). Over the past 5 years the exports of Costa Rica to Armenia have increased at an annualized rate of 36.2%, from $721k in 2017 to $3.38M in 2022.

In 2022, Costa Rica did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $55.4k to Costa Rica. The main products exported from Armenia to Costa Rica were Aluminium Foil ($51.8k), Non-Knit Women's Coats ($2.06k), and Non-Knit Men's Coats ($1.02k). During the last 5 years the exports of Armenia to Costa Rica have decreased at an annualized rate of 21.7%, from $189k in 2017 to $55.4k in 2022.

In 2017, Costa Rica exported $3.38M to Armenia. The main products exported from Costa Rica to Armenia were Tropical Fruits ($1.4M), Medical Instruments ($1.32M), and Orthopedic Appliances ($140k). During the last 5 years the exports of Costa Rica to Armenia have increased at an annualized rate of 36.2%, from $721k in 2022 to $3.38M in 2017.

Exports from Armenia () to Costa Rica () (2022)

Exports from Costa Rica () to Armenia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Costa Rica
Top DestinationUnited States$6.83B

This map shows whether countries import more from Armenia or Costa Rica. Each country is colored based on the difference in imports they receive from Armenia and Costa Rica or the difference in the growth in imports.

In 2022, countries that imported more from Armenia than Costa Rica included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

In 2022, countries that imported more from Costa Rica than Armenia included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

Difference in imports from Costa Rica () and Armenia () (2022)

Comparative Advantage Armenia - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Costa Rica by product, considering products traded by both, Armenia and Costa Rica.

During 2022, Armenia had a large net trade with Costa Rica in the exports of Metals ($51.8k), Textiles ($3.3k), and Machines ($276).

During 2017, Costa Rica had a large net trade with Armenia in the exports of Vegetable Products ($1.51M), Instruments ($1.46M), and Stone And Glass ($135k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Costa Rica+$57.1kAluminium Foil

Top Product Potential Costa Rica Armenia+$930kMedical Instruments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Costa Rica. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Costa Rica () (2022)

Exports from Costa Rica () to Armenia () (2022)

Market Competitiveness

Difference in imports from Costa Rica () and Armenia () (2022)

Comparative Advantage Armenia - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Costa Rica () (2022)

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