2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH
89.3%CURRENT US$
Rnk 19 / 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
$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH
61.2%CURRENT US$
Rnk 26 / 186

About

Costa Rica-Panama In 2022, Costa Rica exported $564M to Panama. The main products that Costa Rica exported to Panama are Other Edible Preparations ($55.7M), Plastic Lids ($30.2M), and Animal Food ($27.2M). During the last 27 years the exports of Costa Rica to Panama have increased at an annualized rate of 6.75%, from $96.7M in 1995 to $564M in 2022.

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

Panama-Costa Rica In 2022, Panama exported $242M to Costa Rica. The main products that Panama exported to Costa Rica were Packaged Medicaments ($23M), Aluminium Cans ($17.3M), and Other Oily Seeds ($16.5M). During the last 27 years the exports of Panama to Costa Rica have increased at an annualized rate of 3.21%, from $103M in 1995 to $242M in 2022.

In 2022, Panama 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, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $564M to Panama. The main products exported from Costa Rica to Panama were Other Edible Preparations ($55.7M), Plastic Lids ($30.2M), and Animal Food ($27.2M). During the last 27 years the exports of Costa Rica to Panama have increased at an annualized rate of 6.75%, from $96.7M in 1995 to $564M in 2022.

In 2022, Panama exported $242M to Costa Rica. The main products exported from Panama to Costa Rica were Packaged Medicaments ($23M), Aluminium Cans ($17.3M), and Other Oily Seeds ($16.5M). During the last 27 years the exports of Panama to Costa Rica have increased at an annualized rate of 3.21%, from $103M in 1995 to $242M in 2022.

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

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

Latest Data

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

Costa Rica Exports

Panama Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Panama
Top Destination
China$1.14B

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

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

In 2021, countries that imported more from Panama than Costa Rica were China ($1.14B), Japan ($785M), and South Korea ($539M).

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

Comparative Advantage Costa Rica - Panama

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Panama in the exports of Foodstuffs ($182M), Chemical Products ($136M), and Plastics and Rubbers ($67.4M).

During 2022, Panama had a large net trade with Costa Rica in the exports of Machines ($59.5M), Chemical Products ($44.4M), and Metals ($23.6M).

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

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

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