Costa Rica (CRI) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Costa Rica-Nepal Trade: In 2023, Costa Rica exported $8.63k to Nepal. The main products that Costa Rica exported to Nepal were Medical Instruments ($8.63k). Over the past 5 years the exports of Costa Rica to Nepal have decreased at an annualized rate of 51%, from $306k in 2018 to $8.63k in 2023.

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

Nepal-Costa Rica Trade: In 2023, Nepal exported $20.9k to Costa Rica. The main products that Nepal exported to Costa Rica were Cement Articles ($6.84k), Percussion ($3.59k), and Synthetic Reconstructed Jewellery Stones ($2.35k). Over the past 5 years the exports of Nepal to Costa Rica have increased at an annualized rate of 22%, from $7.72k in 2018 to $20.9k in 2023.

In 2023, Nepal 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, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $8.63k to Nepal. The main products exported from Costa Rica to Nepal were Medical Instruments ($8.63k). During the last 5 years the exports of Costa Rica to Nepal have decreased at an annualized rate of 51%, from $306k in 2018 to $8.63k in 2023.

In 2018, Nepal exported $20.9k to Costa Rica. The main products exported from Nepal to Costa Rica were Cement Articles ($6.84k), Percussion ($3.59k), and Synthetic Reconstructed Jewellery Stones ($2.35k). During the last 5 years the exports of Nepal to Costa Rica have increased at an annualized rate of 22%, from $7.72k in 2023 to $20.9k in 2018.

Exports from Costa Rica () to Nepal () (2023)

Exports from Nepal () to Costa Rica () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Nepal
Top DestinationIndia$811M

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

In 2023, countries that imported more from Costa Rica than Nepal included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

In 2023, countries that imported more from Nepal than Costa Rica included India ($811M), Maldives ($193k), and Burma ($184k).

Difference in imports from Nepal () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Nepal in the exports of Instruments ($8.63k).

During 2018, Nepal had a large net trade with Costa Rica in the exports of Stone And Glass ($6.84k), Instruments ($3.87k), and Precious Metals ($3.11k).

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 Nepal+$671kMedical Instruments

Top Product Potential Nepal Costa Rica+$17.2kMedical 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 Nepal. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Costa Rica.

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Nepal () (2023)

Exports from Nepal () to Costa Rica () (2023)

Market Competitiveness

Difference in imports from Nepal () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Nepal () (2023)

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