2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
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GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
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 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Costa Rica-South Korea In 2022, Costa Rica exported $115M to South Korea. The main products that Costa Rica exported to South Korea are Medical Instruments ($24.7M), Coffee ($15.5M), and Raw Sugar ($15.2M). During the last 27 years the exports of Costa Rica to South Korea have increased at an annualized rate of 14.8%, from $2.79M in 1995 to $115M in 2022.

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

South Korea-Costa Rica In 2022, South Korea exported $234M to Costa Rica. The main products that South Korea exported to Costa Rica were Cars ($60.7M), Vaccines, blood, antisera, toxins and cultures ($14.2M), and Other Plastic Products ($11.2M). During the last 27 years the exports of South Korea to Costa Rica have increased at an annualized rate of 4.62%, from $69.1M in 1995 to $234M in 2022.

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

Comparison In 2022,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $115M to South Korea. The main products exported from Costa Rica to South Korea were Medical Instruments ($24.7M), Coffee ($15.5M), and Raw Sugar ($15.2M). During the last 27 years the exports of Costa Rica to South Korea have increased at an annualized rate of 14.8%, from $2.79M in 1995 to $115M in 2022.

In 2022, South Korea exported $234M to Costa Rica. The main products exported from South Korea to Costa Rica were Cars ($60.7M), Vaccines, blood, antisera, toxins and cultures ($14.2M), and Other Plastic Products ($11.2M). During the last 27 years the exports of South Korea to Costa Rica have increased at an annualized rate of 4.62%, from $69.1M in 1995 to $234M in 2022.

Exports from Costa Rica (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Costa Rica (Flag) (2022)

Latest Data

Trade between Costa Rica (Flag) and South Korea (Flag)

Costa Rica Exports

South Korea Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Costa Rica than South Korea were Nicaragua ($593M), Guatemala ($821M), and Honduras ($517M).

In 2021, countries that imported more from South Korea than Costa Rica were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - South Korea

Flow
Scale

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

During 2022, Costa Rica had a large net trade with South Korea in the exports of Instruments ($42.2M), Vegetable Products ($22.2M), and Foodstuffs ($17.5M).

During 2022, South Korea had a large net trade with Costa Rica in the exports of Transportation ($77.9M), Plastics and Rubbers ($44.4M), and Chemical Products ($29.3M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Costa Rica has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and South Korea (Flag) (2022)

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