Costa Rica (CRI) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Costa Rica-Malaysia Trade: In 2022, Costa Rica exported $61.3M to Malaysia. The main products that Costa Rica exported to Malaysia were Integrated Circuits ($24.1M), Iron Fasteners ($11.2M), and Low-voltage Protection Equipment ($6.82M). Over the past 5 years the exports of Costa Rica to Malaysia have increased at an annualized rate of 29.4%, from $16.9M in 2017 to $61.3M in 2022.

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

Malaysia-Costa Rica Trade: In 2022, Malaysia exported $438M to Costa Rica. The main products that Malaysia exported to Costa Rica were Integrated Circuits ($266M), Oscilloscopes ($65.7M), and Machinery Having Individual Functions ($33.8M). Over the past 5 years the exports of Malaysia to Costa Rica have increased at an annualized rate of 41.5%, from $77.3M in 2017 to $438M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $61.3M to Malaysia. The main products exported from Costa Rica to Malaysia were Integrated Circuits ($24.1M), Iron Fasteners ($11.2M), and Low-voltage Protection Equipment ($6.82M). During the last 5 years the exports of Costa Rica to Malaysia have increased at an annualized rate of 29.4%, from $16.9M in 2017 to $61.3M in 2022.

In 2017, Malaysia exported $438M to Costa Rica. The main products exported from Malaysia to Costa Rica were Integrated Circuits ($266M), Oscilloscopes ($65.7M), and Machinery Having Individual Functions ($33.8M). During the last 5 years the exports of Malaysia to Costa Rica have increased at an annualized rate of 41.5%, from $77.3M in 2022 to $438M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Malaysia ()

Costa Rica Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Malaysia
Top DestinationSingapore$53.8B

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

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

In 2022, countries that imported more from Malaysia than Costa Rica included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Costa Rica - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Malaysia in the exports of Machines ($38.1M), Metals ($15.1M), and Instruments ($5.38M).

During 2017, Malaysia had a large net trade with Costa Rica in the exports of Machines ($326M), Instruments ($75M), and Metals ($13.1M).

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 Malaysia+$5.46MMedical Instruments

Top Product Potential Malaysia Costa Rica+$4MMedical 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 Costa Rica and Malaysia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Malaysia ()

Costa Rica Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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