Flag Japan / Costa Rica Flag

2020
FlagFlag
Exports
: $272M, Rnk 71 / 213

2020
FlagFlag
Top Product
: $55.7M, Cars

2020
FlagFlag
Exports
: $301M, Rnk 10 / 168

2020
FlagFlag
Top Product
: $194M, Medical Instruments

2020
Flag
Economic Complexity (ECI)
: ECI 2.19, Rnk 1 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 0.18, Rnk 50 / 127

2020
Flag  
GDP
: $5.04T, CURRENT US$
Rnk 3 / 204

2010-2020
Flag
GDP GROWTH
: -12.5%, CURRENT US$
Rnk 188 / 204

2020
Flag
 GDP
: $62.2B, CURRENT US$
Rnk 76 / 204

2010-2020
Flag
GDP GROWTH
: 65.1%, CURRENT US$
Rnk 40 / 204

2020
Flag
GDP PC 
: $39,918, CURRENT US$
Rnk 28 / 204

2010-2020
Flag
GDP PC GROWTH
: -11.2%, CURRENT US$
Rnk 170 / 204

2020
Flag
GDP PC
: $12,202, CURRENT US$
Rnk 73 / 204

2010-2020
Flag
GDP PC GROWTH
: 48.3%, CURRENT US$
Rnk 32 / 204

Japan-Costa Rica In 2020, Japan exported $272M to Costa Rica. The main products that Japan exported to Costa Rica are Cars ($55.7M), Vaccines, blood, antisera, toxins and cultures ($27.8M), and Hot-Rolled Iron ($21.1M). During the last 25 years the exports of Japan to Costa Rica have increased at an annualized rate of 3.27%, from $122M in 1995 to $272M in 2020.

In 2020, Japan did not export any services to Costa Rica.

Costa Rica-Japan In 2020, Costa Rica exported $301M to Japan. The main products that Costa Rica exported to Japan were Medical Instruments ($194M), Orthopedic Appliances ($52.6M), and Low-voltage Protection Equipment ($8.09M). During the last 25 years the exports of Costa Rica to Japan have increased at an annualized rate of 9.22%, from $33.1M in 1995 to $301M in 2020.

In 2020, Costa Rica did not export any services to Japan.

Comparison In 2020,  Japan ranked 1 in the Economic Complexity Index (ECI 2.19), and 4 in total exports ($623B). That same year, Costa Rica ranked 50 in the Economic Complexity Index (ECI 0.18), and 76 in total exports ($14B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Japan exported $272M to Costa Rica. The main products exported from Japan to Costa Rica were Cars ($55.7M), Vaccines, blood, antisera, toxins and cultures ($27.8M), and Hot-Rolled Iron ($21.1M). During the last 25 years the exports of Japan to Costa Rica have increased at an annualized rate of 3.27%, from $122M in 1995 to $272M in 2020.

In 2020, Costa Rica exported $301M to Japan. The main products exported from Costa Rica to Japan were Medical Instruments ($194M), Orthopedic Appliances ($52.6M), and Low-voltage Protection Equipment ($8.09M). During the last 25 years the exports of Costa Rica to Japan have increased at an annualized rate of 9.22%, from $33.1M in 1995 to $301M in 2020.

Market Competitiveness

#permalink to section
Measure

Japan
Top Destination
: China, $133B

Costa Rica
Top Destination
: United States, $5.19B

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

In 2019, countries that imported more from Japan than Costa Rica were China ($133B), United States ($112B), and South Korea ($42.9B).

In 2019, countries that imported more from Costa Rica than Japan were Guatemala ($633M), Nicaragua ($463M), and Honduras ($372M).

Comparative Advantage Japan - Costa Rica

#permalink to section
Flow

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

During 2020, Japan had a large net trade with Costa Rica in the exports of Transportation ($83.7M), Metals ($72.8M), and Machines ($42M).

During 2020, Costa Rica had a large net trade with Japan in the exports of Instruments ($248M), Machines ($19.3M), and Vegetable Products ($13.5M).

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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