2021
Flag  
GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 72 / 204
2021
Flag
 GDP
$64.6BCURRENT US$
Rnk 82 / 204
2011-2021
Flag
GDP GROWTH
51.1%CURRENT US$
Rnk 50 / 204
2021
Flag
GDP PC 
$34,998CURRENT US$
Rnk 38 / 204
2011-2021
Flag
GDP PC GROWTH
39.5%CURRENT US$
Rnk 51 / 204
2021
Flag
GDP PC
$12,537CURRENT US$
Rnk 77 / 204
2011-2021
Flag
GDP PC GROWTH
37.2%CURRENT US$
Rnk 52 / 204

About

South Korea-Costa Rica In 2021, South Korea exported $219M to Costa Rica. The main products that South Korea exported to Costa Rica are Cars ($69.2M), Vaccines, blood, antisera, toxins and cultures ($18.2M), and Laboratory Reagents ($9.32M). During the last 26 years the exports of South Korea to Costa Rica have increased at an annualized rate of 4.53%, from $69.1M in 1995 to $219M in 2021.

In 2021, South Korea did not export any services to Costa Rica.

Costa Rica-South Korea In 2021, Costa Rica exported $342M to South Korea. The main products that Costa Rica exported to South Korea were Passenger and Cargo Ships ($224M), Medical Instruments ($29.9M), and Raw Sugar ($24.2M). During the last 26 years the exports of Costa Rica to South Korea have increased at an annualized rate of 20.3%, from $2.78M in 1995 to $342M in 2021.

In 2021, Costa Rica did not export any services to South Korea.

Comparison In 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B). That same year, Costa Rica ranked 52 in the Economic Complexity Index (ECI 0.24), and 79 in total exports ($16.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, South Korea exported $219M to Costa Rica. The main products exported from South Korea to Costa Rica were Cars ($69.2M), Vaccines, blood, antisera, toxins and cultures ($18.2M), and Laboratory Reagents ($9.32M). During the last 26 years the exports of South Korea to Costa Rica have increased at an annualized rate of 4.53%, from $69.1M in 1995 to $219M in 2021.

In 2021, Costa Rica exported $342M to South Korea. The main products exported from Costa Rica to South Korea were Passenger and Cargo Ships ($224M), Medical Instruments ($29.9M), and Raw Sugar ($24.2M). During the last 26 years the exports of Costa Rica to South Korea have increased at an annualized rate of 20.3%, from $2.78M in 1995 to $342M in 2021.

Exports from South Korea (Flag) to Costa Rica (Flag) (2021)

Exports from Costa Rica (Flag) to South Korea (Flag) (2021)

Market Competitiveness

Color
South Korea
Top Destination
China$158B
Costa Rica
Top Destination
United States$6.31B

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

In 2021, countries that imported more from South Korea than Costa Rica were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

In 2021, countries that imported more from Costa Rica than South Korea were Nicaragua ($576M), Honduras ($476M), and Guatemala ($727M).

Difference in imports from Costa Rica (Flag) and South Korea (Flag) (2021)

Comparative Advantage South Korea - Costa Rica

Flow
Scale

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

During 2021, South Korea had a large net trade with Costa Rica in the exports of Transportation ($82.9M), Chemical Products ($41.8M), and Machines ($25.5M).

During 2021, Costa Rica had a large net trade with South Korea in the exports of Transportation ($225M), Instruments ($42.9M), and Foodstuffs ($26.5M).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Costa Rica (Flag) (2021)

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