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Pricing

2022
Flag → Flag
Exports $3.77MRnk 88 / 178
2022
Flag → Flag
Top Product $810kBananas
2022
Flag → Flag
Exports $48MRnk 87 / 218
2022
Flag → Flag
Top Product $9.49MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Costa Rica-Denmark Trade: In 2022, Costa Rica exported $3.77M to Denmark. The main products that Costa Rica exported to Denmark were Bananas ($810k), Frozen Fruits and Nuts ($511k), and Sowing Seeds ($393k). Over the past 5 years the exports of Costa Rica to Denmark have decreased at an annualized rate of 2.44%, from $4.26M in 2017 to $3.77M in 2022.

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

Denmark-Costa Rica Trade: In 2022, Denmark exported $48M to Costa Rica. The main products that Denmark exported to Costa Rica were Packaged Medicaments ($9.49M), Malt Extract ($4.34M), and Orthopedic Appliances ($2.14M). Over the past 5 years the exports of Denmark to Costa Rica have increased at an annualized rate of 2.48%,  from $30.9M in 2017 to $48M in 2022.

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

Comparison: In 2022,  Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $3.77M to Denmark. The main products exported from Costa Rica to Denmark were Bananas ($810k), Frozen Fruits and Nuts ($511k), and Sowing Seeds ($393k). During the last 5 years the exports of Costa Rica to Denmark have decreased at an annualized rate of 2.44%, from $4.26M in 2017 to $3.77M in 2022.

In 2017, Denmark exported $48M to Costa Rica. The main products exported from Denmark to Costa Rica were Packaged Medicaments ($9.49M), Malt Extract ($4.34M), and Orthopedic Appliances ($2.14M). During the last 5 years the exports of Denmark to Costa Rica have increased at an annualized rate of 2.48%, from $30.9M in 2022 to $48M in 2017.

Exports from Costa Rica (Flag) to Denmark (Flag) (2022)

Exports from Denmark (Flag) to Costa Rica (Flag) (2022)

Latest Data

Trade between Costa Rica (Flag) and Denmark (Flag)

Costa Rica Exports

Denmark Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Costa Rica included Germany ($18.9B), Sweden ($11.6B), and Norway ($6.53B).

Difference in imports from Denmark (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Denmark

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Denmark in the exports of Vegetable Products ($2.03M), Wood Products ($474k), and Foodstuffs ($334k).

During 2017, Denmark had a large net trade with Costa Rica in the exports of Chemical Products ($15.7M), Foodstuffs ($7.15M), and Machines ($6.82M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Denmark+$1.08MBananas
Top Product Potential Denmark Costa Rica+$6.75MPackaged Medicaments

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

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

Product Space of Costa Rica (Flag) and Denmark (Flag) (2022)

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