2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 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
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186

About

Costa Rica-South Africa Trade: In 2022, Costa Rica exported $21.4M to South Africa. The main products that Costa Rica exported to South Africa were Medical Instruments ($8.96M), Orthopedic Appliances ($2.96M), and Other Plastic Products ($2.45M). Over the past 5 years the exports of Costa Rica to South Africa have increased at an annualized rate of 10.5%, from $13M in 2017 to $21.4M in 2022.

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

South Africa-Costa Rica Trade: In 2022, South Africa exported $12.4M to Costa Rica. The main products that South Africa exported to Costa Rica were Delivery Trucks ($6.02M), Sowing Seeds ($751k), and Non-fillet Frozen Fish ($663k). Over the past 5 years the exports of South Africa to Costa Rica have increased at an annualized rate of 13.1%,  from $5.92M in 2017 to $12.4M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $21.4M to South Africa. The main products exported from Costa Rica to South Africa were Medical Instruments ($8.96M), Orthopedic Appliances ($2.96M), and Other Plastic Products ($2.45M). During the last 5 years the exports of Costa Rica to South Africa have increased at an annualized rate of 10.5%, from $13M in 2017 to $21.4M in 2022.

In 2017, South Africa exported $12.4M to Costa Rica. The main products exported from South Africa to Costa Rica were Delivery Trucks ($6.02M), Sowing Seeds ($751k), and Non-fillet Frozen Fish ($663k). During the last 5 years the exports of South Africa to Costa Rica have increased at an annualized rate of 13.1%, from $5.92M in 2022 to $12.4M in 2017.

Exports from Costa Rica (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Costa Rica (Flag) (2022)

Latest Data

Trade between Costa Rica (Flag) and South Africa (Flag)

Costa Rica Exports

South Africa Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
South Africa
Top Destination
China$23.4B

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

In 2022, countries that imported more from Costa Rica than South Africa included Guatemala ($821M), Nicaragua ($593M), and Panama ($564M).

In 2022, countries that imported more from South Africa than Costa Rica included China ($23.4B), Germany ($9.96B), and India ($9.14B).

Difference in imports from South Africa (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - South Africa

Flow
Scale

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

During 2022, Costa Rica had a large net trade with South Africa in the exports of Instruments ($12.4M), Plastics and Rubbers ($2.75M), and Stone And Glass ($1.71M).

During 2017, South Africa had a large net trade with Costa Rica in the exports of Transportation ($6.15M), Chemical Products ($1.31M), and Vegetable Products ($1.31M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica South Africa+$8.25MMedical Instruments
Top Product Potential South Africa Costa Rica+$3.38MDelivery Trucks

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

Product Space of Costa Rica (Flag) and South Africa (Flag) (2022)

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