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2023
Flag → Flag
Exports $78.7MRnk 36 / 172
2023
Flag → Flag
Top Product $17.4MPackaged Medicaments
2023
Flag → Flag
Exports $36.4MRnk 59 / 174
2023
Flag → Flag
Top Product $8.9MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Costa Rica-Ecuador Trade: In 2023, Costa Rica exported $78.7M to Ecuador. The main products that Costa Rica exported to Ecuador were Packaged Medicaments ($17.4M), Scrap Iron ($14.1M), and Office Machine Parts ($13.1M). Over the past 5 years the exports of Costa Rica to Ecuador have increased at an annualized rate of 7.63%, from $54.5M in 2018 to $78.7M in 2023.

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

Ecuador-Costa Rica Trade: In 2023, Ecuador exported $36.4M to Costa Rica. The main products that Ecuador exported to Costa Rica were Non-fillet Frozen Fish ($8.9M), Electrical Transformers ($4.3M), and Refined Petroleum ($2.47M). Over the past 5 years the exports of Ecuador to Costa Rica have decreased at an annualized rate of 0.072%,  from $36.5M in 2018 to $36.4M in 2023.

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

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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $78.7M to Ecuador. The main products exported from Costa Rica to Ecuador were Packaged Medicaments ($17.4M), Scrap Iron ($14.1M), and Office Machine Parts ($13.1M). During the last 5 years the exports of Costa Rica to Ecuador have increased at an annualized rate of 7.63%, from $54.5M in 2018 to $78.7M in 2023.

In 2018, Ecuador exported $36.4M to Costa Rica. The main products exported from Ecuador to Costa Rica were Non-fillet Frozen Fish ($8.9M), Electrical Transformers ($4.3M), and Refined Petroleum ($2.47M). During the last 5 years the exports of Ecuador to Costa Rica have decreased at an annualized rate of 0.072%, from $36.5M in 2023 to $36.4M in 2018.

Exports from Costa Rica (Flag) to Ecuador (Flag) (2023)

Exports from Ecuador (Flag) to Costa Rica (Flag) (2023)

Latest Data

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

Costa Rica Exports

Ecuador Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Costa Rica than Ecuador included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

In 2023, countries that imported more from Ecuador than Costa Rica included China ($7.96B), Panama ($4.38B), and Chile ($1.11B).

Difference in imports from Ecuador (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Ecuador

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Ecuador in the exports of Chemical Products ($25.1M), Metals ($20.1M), and Machines ($19.1M).

During 2018, Ecuador had a large net trade with Costa Rica in the exports of Animal Products ($10.1M), Machines ($6.12M), and Foodstuffs ($4.54M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Ecuador+$1.37MMedical Instruments
Top Product Potential Ecuador Costa Rica+$1.56MProcessed Fish

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 Ecuador. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and Ecuador (Flag) (2023)

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