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Pricing

2022
Flag → Flag
Exports $23.6kRnk 156 / 178
2022
Flag → Flag
Top Product $15.8kMedical Instruments
2022
Flag → Flag
Exports $1.62kRnk 160 / 173
2022
Flag → Flag
Top Product $1.04kOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 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$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 186

About

Costa Rica-Namibia Trade: In 2022, Costa Rica exported $23.6k to Namibia. The main products that Costa Rica exported to Namibia were Medical Instruments ($15.8k), Chemical Analysis Instruments ($3.19k), and Engine Parts ($1.5k). Over the past 5 years the exports of Costa Rica to Namibia have increased at an annualized rate of 3.36%, from $20k in 2017 to $23.6k in 2022.

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

Namibia-Costa Rica Trade: In 2022, Namibia exported $1.62k to Costa Rica. The main products that Namibia exported to Costa Rica were Office Machine Parts ($1.04k), Transmissions ($368), and Textile Footwear ($111). Over the past 5 years the exports of Namibia to Costa Rica have increased at an annualized rate of 14%,  from $841 in 2017 to $1.62k in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $23.6k to Namibia. The main products exported from Costa Rica to Namibia were Medical Instruments ($15.8k), Chemical Analysis Instruments ($3.19k), and Engine Parts ($1.5k). During the last 5 years the exports of Costa Rica to Namibia have increased at an annualized rate of 3.36%, from $20k in 2017 to $23.6k in 2022.

In 2017, Namibia exported $1.62k to Costa Rica. The main products exported from Namibia to Costa Rica were Office Machine Parts ($1.04k), Transmissions ($368), and Textile Footwear ($111). During the last 5 years the exports of Namibia to Costa Rica have increased at an annualized rate of 14%, from $841 in 2022 to $1.62k in 2017.

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

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

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Namibia
Top DestinationSouth Africa$1.75B

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

In 2022, countries that imported more from Costa Rica than Namibia included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2022, countries that imported more from Namibia than Costa Rica included South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

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

Comparative Advantage Costa Rica - Namibia

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Namibia in the exports of Instruments ($19.6k), Machines ($3.69k), and Plastics and Rubbers ($288).

During 2017, Namibia had a large net trade with Costa Rica in the exports of Machines ($1.48k), Footwear and Headwear ($111), and Textiles ($33).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Namibia+$69.2kMedical Instruments
Top Product Potential Namibia Costa Rica+$4.45kComputers

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

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

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