Costa Rica (CRI) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Costa Rica-Canada Trade: In 2023, Costa Rica exported $402M to Canada. The main products that Costa Rica exported to Canada were Tropical Fruits ($86.7M), Medical Instruments ($81.1M), and Bananas ($61.5M). Over the past 5 years the exports of Costa Rica to Canada have increased at an annualized rate of 2.24%, from $360M in 2018 to $402M in 2023.

In 2023, Costa Rica did not export any services to Canada.

Canada-Costa Rica Trade: In 2023, Canada exported $288M to Costa Rica. The main products that Canada exported to Costa Rica were Wheat ($79.1M), Medical Instruments ($45.6M), and Potassic Fertilizers ($33.6M). Over the past 5 years the exports of Canada to Costa Rica have increased at an annualized rate of 12.7%, from $159M in 2018 to $288M in 2023.

In 2020, Canada exported services to Costa Rica worth $17.9M, with Royalties and license fees ($11.2M), Travel ($5.97M), and Computer and information services ($746k) being the largest in terms of value.

Comparison: In 2023, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $402M to Canada. The main products exported from Costa Rica to Canada were Tropical Fruits ($86.7M), Medical Instruments ($81.1M), and Bananas ($61.5M). During the last 5 years the exports of Costa Rica to Canada have increased at an annualized rate of 2.24%, from $360M in 2018 to $402M in 2023.

In 2018, Canada exported $288M to Costa Rica. The main products exported from Canada to Costa Rica were Wheat ($79.1M), Medical Instruments ($45.6M), and Potassic Fertilizers ($33.6M). During the last 5 years the exports of Canada to Costa Rica have increased at an annualized rate of 12.7%, from $159M in 2023 to $288M in 2018.

Exports from Costa Rica () to Canada () (2023)

Exports from Canada () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Canada ()

Costa Rica Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Costa Rica than Canada included Nicaragua ($661M), Honduras ($575M), and Guatemala ($846M).

In 2023, countries that imported more from Canada than Costa Rica included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Canada in the exports of Vegetable Products ($197M), Instruments ($114M), and Plastics and Rubbers ($33.9M).

During 2018, Canada had a large net trade with Costa Rica in the exports of Vegetable Products ($87.3M), Chemical Products ($56.6M), and Instruments ($48.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Canada+$29.3MMedical Instruments

Top Product Potential Canada Costa Rica+$7.1MRefined Petroleum

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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Bilateral Service Trade

Can Year

In 2020, Canada exported services to Costa Rica worth $17.9M, with Royalties and license fees ($11.2M), Travel ($5.97M), and Computer and information services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Costa Rica () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Canada () (2023)

Exports from Canada () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Canada ()

Costa Rica Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Canada () to Costa Rica () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Canada () (2023)

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