Colombia (COL) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Colombia-Costa Rica Trade: In 2022, Colombia exported $355M to Costa Rica. The main products that Colombia exported to Costa Rica were Packaged Medicaments ($26.6M), Carbon ($17.3M), and Perfumes ($12.3M). Over the past 5 years the exports of Colombia to Costa Rica have increased at an annualized rate of 5.68%, from $270M in 2017 to $355M in 2022.

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

Costa Rica-Colombia Trade: In 2022, Costa Rica exported $102M to Colombia. The main products that Costa Rica exported to Colombia were Raw Lead ($17.7M), Medical Instruments ($11.8M), and Orthopedic Appliances ($11.2M). Over the past 5 years the exports of Costa Rica to Colombia have increased at an annualized rate of 8.98%, from $66.3M in 2017 to $102M in 2022.

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

Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $355M to Costa Rica. The main products exported from Colombia to Costa Rica were Packaged Medicaments ($26.6M), Carbon ($17.3M), and Perfumes ($12.3M). During the last 5 years the exports of Colombia to Costa Rica have increased at an annualized rate of 5.68%, from $270M in 2017 to $355M in 2022.

In 2017, Costa Rica exported $102M to Colombia. The main products exported from Costa Rica to Colombia were Raw Lead ($17.7M), Medical Instruments ($11.8M), and Orthopedic Appliances ($11.2M). During the last 5 years the exports of Costa Rica to Colombia have increased at an annualized rate of 8.98%, from $66.3M in 2022 to $102M in 2017.

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

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

Latest Data

Trade between Colombia () and Costa Rica ()

Colombia Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Colombia than Costa Rica included United States ($15.6B), Panama ($5.84B), and India ($2.55B).

In 2022, countries that imported more from Costa Rica than Colombia included Nicaragua ($593M), Honduras ($517M), and Guatemala ($821M).

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

Comparative Advantage Colombia - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Costa Rica in the exports of Chemical Products ($117M), Plastics and Rubbers ($49M), and Textiles ($39.4M).

During 2017, Costa Rica had a large net trade with Colombia in the exports of Metals ($35M), Instruments ($23.9M), and Foodstuffs ($13.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Costa Rica+$10.8MRefined Petroleum

Top Product Potential Costa Rica Colombia+$12.9MMedical 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 Colombia and Costa Rica. This means that a dot/product with the flag of Colombia 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 Colombia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Colombia () and Costa Rica ()

Colombia Exports

Costa Rica Exports

Market Competitiveness

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

Comparative Advantage Colombia - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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