2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH
48.8%CURRENT US$
Rnk 66 / 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
$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH
29.1%CURRENT US$
Rnk 66 / 186

About

Costa Rica-Nicaragua In 2022, Costa Rica exported $593M to Nicaragua. The main products that Costa Rica exported to Nicaragua are Other Edible Preparations ($41.3M), Raw Iron Bars ($28.1M), and Packaged Medicaments ($23.4M). During the last 27 years the exports of Costa Rica to Nicaragua have increased at an annualized rate of 7.04%, from $94.4M in 1995 to $593M in 2022.

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

Nicaragua-Costa Rica In 2022, Nicaragua exported $230M to Costa Rica. The main products that Nicaragua exported to Costa Rica were Dried Legumes ($29.7M), Coffee ($23M), and Bovine Meat ($16.2M). During the last 27 years the exports of Nicaragua to Costa Rica have increased at an annualized rate of 9.12%, from $21.8M in 1995 to $230M in 2022.

In 2022, Nicaragua 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, Nicaragua ranked 107 in the Economic Complexity Index (ECI -1.03), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $593M to Nicaragua. The main products exported from Costa Rica to Nicaragua were Other Edible Preparations ($41.3M), Raw Iron Bars ($28.1M), and Packaged Medicaments ($23.4M). During the last 27 years the exports of Costa Rica to Nicaragua have increased at an annualized rate of 7.04%, from $94.4M in 1995 to $593M in 2022.

In 2022, Nicaragua exported $230M to Costa Rica. The main products exported from Nicaragua to Costa Rica were Dried Legumes ($29.7M), Coffee ($23M), and Bovine Meat ($16.2M). During the last 27 years the exports of Nicaragua to Costa Rica have increased at an annualized rate of 9.12%, from $21.8M in 1995 to $230M in 2022.

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

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

Latest Data

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

Costa Rica Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Nicaragua
Top Destination
United States$4.09B

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

In 2021, countries that imported more from Costa Rica than Nicaragua were United States ($6.83B), Netherlands ($1.22B), and Belgium ($775M).

In 2021, countries that imported more from Nicaragua than Costa Rica were Mexico ($943M), El Salvador ($437M), and Switzerland ($118M).

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

Comparative Advantage Costa Rica - Nicaragua

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Nicaragua in the exports of Foodstuffs ($156M), Chemical Products ($114M), and Metals ($60.8M).

During 2022, Nicaragua had a large net trade with Costa Rica in the exports of Vegetable Products ($83.7M), Animal Products ($63.5M), and Foodstuffs ($28.9M).

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 Nicaragua. Similarly, the more yellow a dot/product is, the more Nicaragua has comparative advantage over Costa Rica.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with