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2023
Flag → Flag
Exports $24.6MRnk 90 / 206
2023
Flag → Flag
Top Product $7.44MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $38.8MRnk 46 / 172
2023
Flag → Flag
Top Product $17.9MBananas
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Finland-Costa Rica Trade: In 2023, Finland exported $24.6M to Costa Rica. The main products that Finland exported to Costa Rica were Mixed Mineral or Chemical Fertilizers ($7.44M), Other Uncoated Paper ($2.85M), and Plastic Pipes ($2.29M). Over the past 5 years the exports of Finland to Costa Rica have increased at an annualized rate of 5.46%, from $18.9M in 2018 to $24.6M in 2023.

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

Costa Rica-Finland Trade: In 2023, Costa Rica exported $38.8M to Finland. The main products that Costa Rica exported to Finland were Bananas ($17.9M), Medical Instruments ($5.26M), and Tropical Fruits ($3.21M). Over the past 5 years the exports of Costa Rica to Finland have decreased at an annualized rate of 11%,  from $69.6M in 2018 to $38.8M in 2023.

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

Comparison: In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Finland exported $24.6M to Costa Rica. The main products exported from Finland to Costa Rica were Mixed Mineral or Chemical Fertilizers ($7.44M), Other Uncoated Paper ($2.85M), and Plastic Pipes ($2.29M). During the last 5 years the exports of Finland to Costa Rica have increased at an annualized rate of 5.46%, from $18.9M in 2018 to $24.6M in 2023.

In 2018, Costa Rica exported $38.8M to Finland. The main products exported from Costa Rica to Finland were Bananas ($17.9M), Medical Instruments ($5.26M), and Tropical Fruits ($3.21M). During the last 5 years the exports of Costa Rica to Finland have decreased at an annualized rate of 11%, from $69.6M in 2023 to $38.8M in 2018.

Exports from Finland (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Finland (Flag) (2023)

Latest Data

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

Finland Exports

Costa Rica Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Finland than Costa Rica included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

In 2023, countries that imported more from Costa Rica than Finland included Guatemala ($846M), Nicaragua ($661M), and Panama ($585M).

Difference in imports from Costa Rica (Flag) and Finland (Flag) (2023)

Comparative Advantage Finland - Costa Rica

Flow
Scale

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

During 2023, Finland had a large net trade with Costa Rica in the exports of Chemical Products ($9.73M), Paper Goods ($5.57M), and Plastics and Rubbers ($3.63M).

During 2018, Costa Rica had a large net trade with Finland in the exports of Vegetable Products ($26M), Instruments ($6.95M), and Machines ($3.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Costa Rica+$1MMedical Instruments
Top Product Potential Costa Rica Finland+$3.18MMedical 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

This visualization shows the product space at the HS4 level with the flags of Finland and Costa Rica. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Finland.

Product Space of Finland (Flag) and Costa Rica (Flag) (2023)

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