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2023
Flag → Flag
Exports $169MRnk 94 / 223
2023
Flag → Flag
Top Product $44.2MCars
2023
Flag → Flag
Exports $504MRnk 11 / 172
2023
Flag → Flag
Top Product $149MBananas
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
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GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
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GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
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GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

United Kingdom-Costa Rica Trade: In 2023, United Kingdom exported $169M to Costa Rica. The main products that United Kingdom exported to Costa Rica were Cars ($44.2M), Hard Liquor ($17M), and Packaged Medicaments ($10.8M). Over the past 5 years the exports of United Kingdom to Costa Rica have increased at an annualized rate of 5.86%, from $127M in 2018 to $169M in 2023.

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

Costa Rica-United Kingdom Trade: In 2023, Costa Rica exported $504M to United Kingdom. The main products that Costa Rica exported to United Kingdom were Bananas ($149M), Orthopedic Appliances ($81.5M), and Tropical Fruits ($72.2M). Over the past 5 years the exports of Costa Rica to United Kingdom have increased at an annualized rate of 10.1%,  from $312M in 2018 to $504M in 2023.

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

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £8.96M and imported £26.2M from Costa Rica, resulting in a negative trade balance of £17.2M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-282k (-3.05%) from £9.24M to £8.96M, while imports increased by £7.07M (37%) from £19.1M to £26.2M.

Trade In November 2024, the top exports of United Kingdom to Costa Rica were Medical Instruments (£2.69M), Cars (£1.27M), Machinery Having Individual Functions (£258k), Mixed Mineral or Chemical Fertilizers (£204k), and Plastic Lids (£143k). In November 2024 the top imports of United Kingdom from Costa Rica were Bananas (£10.9M), Tropical Fruits (£4.76M), Medical Instruments (£4.23M), Optical Fibers and optical fibre bundles (£609k), and Special Pharmaceuticals (£474k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£2.28M), London Gatwick Airport (£2.13M), Southampton (£1.81M), London Heathrow Airport (£1.62M), and East Midlands Airport (£369k), while imports destinations were mainly London Gateway (£13.5M), Southampton (£6.61M), Liverpool (£1.99M), Avonmouth (£1.79M), and Medway (£1.07M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Industrial Printers (£-200k or -85.8%), Iron Fasteners (£-145k or -79.7%), and Raw Plastic Sheeting (£-72.9k or -61.5%). In November 2024, the increase in United Kingdom's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Medical Instruments (£3.71M or 720%), Bananas (£1.29M or 13.4%), and Tropical Fruits (£887k or 22.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-282k(-3.05%)
IMPORT GROWTH (November 2023 - November 2024)£7.07M(37%)
MAIN EXPORTER (November 2024)London Gateway£2.28M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Costa Rica and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Costa Rica and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $169M to Costa Rica. The main products exported from United Kingdom to Costa Rica were Cars ($44.2M), Hard Liquor ($17M), and Packaged Medicaments ($10.8M). During the last 5 years the exports of United Kingdom to Costa Rica have increased at an annualized rate of 5.86%, from $127M in 2018 to $169M in 2023.

In 2018, Costa Rica exported $504M to United Kingdom. The main products exported from Costa Rica to United Kingdom were Bananas ($149M), Orthopedic Appliances ($81.5M), and Tropical Fruits ($72.2M). During the last 5 years the exports of Costa Rica to United Kingdom have increased at an annualized rate of 10.1%, from $312M in 2023 to $504M in 2018.

Exports from United Kingdom (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from United Kingdom than Costa Rica included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, countries that imported more from Costa Rica than United Kingdom included Guatemala ($846M), Nicaragua ($661M), and Honduras ($575M).

Difference in imports from Costa Rica (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Costa Rica

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Costa Rica in the exports of Transportation ($49.7M), Chemical Products ($29.7M), and Machines ($22.5M).

During 2018, Costa Rica had a large net trade with United Kingdom in the exports of Vegetable Products ($257M), Instruments ($160M), and Foodstuffs ($31.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Costa Rica+$15.6MCars
Top Product Potential Costa Rica United Kingdom+$34.8MMedical 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 United Kingdom and Costa Rica. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and Costa Rica (Flag) (2023)

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