Flag Denmark / Costa Rica Flag

Exports Flag β†’ Flag  (2018): $31M, Rnk 90 / 211

Top Product Flag β†’ Flag (2018): $9.93M, Packaged Medicaments

Exports Flag β†’ Flag (2018): $8.09M, Rnk 66 / 161

Top Product Flag β†’ Flag (2018): $5.01M, Bananas

Economic Complexity of Flag (2018): ECI 1.03, Rnk 23 / 137

Economic Complexity of Flag (2018): ECI 0.27, Rnk 53 / 137

GDP Flag (2018): $356B, CURRENT US$
Rnk 36 / 196

GDP GROWTH Flag (2008-2018): 0.65%, CURRENT US$
Rnk 163 / 196

GDP Flag (2018): $60.1B, CURRENT US$
Rnk 77 / 196

GDP GROWTH Flag (2008-2018): 96.4%, CURRENT US$
Rnk 32 / 196

GDP PC Flag (2018): $61,350, CURRENT US$
Rnk 11 / 196

GDP PC GROWTH Flag (2008-2018): -4.62%, CURRENT US$
Rnk 160 / 196

GDP PC Flag (2018): $12,027, CURRENT US$
Rnk 65 / 196

GDP PC GROWTH Flag (2008-2018): 75.3%, CURRENT US$
Rnk 28 / 196

Denmark-Costa Rica: In 2018, Denmark exported $31M to Costa Rica. The main products that Denmark exported to Costa Rica are Packaged Medicaments ($9.93M), Enzymes ($2.73M), and Other Edible Preparations ($2.53M). During the last 23 years the exports of Denmark to Costa Rica have increased at an annualized rate of 8.89%, from $4.37M in 1995 to $31M in 2018.

In 2018, Denmark did not exported services to Costa Rica.

Costa Rica-Denmark: In 2018, Costa Rica exported $8.09M to Denmark . The main products that Costa Rica exported to Denmark were Bananas ($5.01M), Nickel Bars ($868k), and Fruit Juice ($582k). During the last 23 years the exports of Denmark to Costa Rica have increased at an annualized rate of 8.89%, from $4.37M in 1995 to $31M in 2018.

In 2018, Costa Rica did not exported services to Denmark.

Comparison: In 2018,  Denmark ranked 23 in the Economic Complexity Index (ECI 1.03), and 37 in total exports ($101B). That same year, Costa Rica ranked 53 in the Economic Complexity Index (ECI 0.27), and 80 in total exports ($12.9B).

Bilateral Trade by Products

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Depth
Value

In 2018, Denmark exported $31M to Costa Rica. The main products exported from Denmark to Costa Rica were Packaged Medicaments ($9.93M), Enzymes ($2.73M), and Other Edible Preparations ($2.53M). During the last 23 years the exports of Denmark to Costa Rica have increased at an annualized rate of 8.89%, from $4.37M in 1995 to $31M in 2018.

In 2018, Costa Rica exported $8.09M to Denmark. The main products exported from Costa Rica to Denmark were Bananas ($5.01M), Nickel Bars ($868k), and Fruit Juice ($582k). During the last 23 years the exports of Costa Rica to Denmark have increased at an annualized rate of 0.026%, from $8.04M in 1995 to $8.09M in 2018.

Market Competitiveness

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Measure

Denmark
Top Destination
: Germany, $15.5B

Costa Rica
Top Destination
: United States, $4.7B

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

In 2018, countries that imported more from Denmark than Costa Rica were Germany ($15.5B), Sweden ($11.2B), and United Kingdom ($7.78B).

In 2018, countries that imported more from Costa Rica than Denmark were Guatemala ($571M), Panama ($581M), and Nicaragua ($480M).

Comparative Advantage Denmark - Costa Rica

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Depth

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

During 2018, Denmark had a large net trade with Costa Rica in the exports of Chemical Products ($15M), Machines ($4.88M), and Foodstuffs ($4.03M).

During 2018, Costa Rica had a large net trade with Denmark in the exports of Vegetable Products ($5.69M), Foodstuffs ($1.05M), and Metals ($868k).

Tariff Section

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This section shows import tariffs for products traded between Denmark and Costa Rica (using the HS6 product classification and the last year reported).

In 2017, the products from Denmark that paid the highest import tariffs to enter Costa Rica were Mushrooms, prepared or preserved, not in vinegar (117%) and Vegetables: mushrooms of the genus Agaricus, provisionally preserved but unsuitable in that state for immediate consumption (116%).

In 2018, the products from Costa Rica that paid the highest import tariffs to enter Denmark were Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (80.9%) and Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen (80.9%).

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*The tariffs present between Denmark and Costa Rica are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado ComΓΊn Centroamericano MCCA) Central American Integration System SICA

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Denmark has comparative advantage over Costa Rica. Similarly, the more red a dot/product is, the more Costa Rica has comparative advantage over Denmark.