2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP
$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH
69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC 
$8,624CURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC
$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH
56.8%CURRENT US$
Rnk 34 / 195

About

North Macedonia-Costa Rica Trade: In 2023, North Macedonia exported $39k to Costa Rica. The main products that North Macedonia exported to Costa Rica were Other Processed Vegetables ($9.97k), Insulated Wire ($5.82k), and Unglazed Ceramics ($2.93k). Over the past 5 years the exports of North Macedonia to Costa Rica have increased at an annualized rate of 23.1%, from $13.8k in 2018 to $39k in 2023.

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

Costa Rica-North Macedonia Trade: In 2023, Costa Rica exported $2.77M to North Macedonia. The main products that Costa Rica exported to North Macedonia were Bananas ($1.47M), Tropical Fruits ($508k), and Orthopedic Appliances ($406k). Over the past 5 years the exports of Costa Rica to North Macedonia have increased at an annualized rate of 15.1%,  from $1.37M in 2018 to $2.77M in 2023.

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

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. 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, North Macedonia exported $39k to Costa Rica. The main products exported from North Macedonia to Costa Rica were Other Processed Vegetables ($9.97k), Insulated Wire ($5.82k), and Unglazed Ceramics ($2.93k). During the last 5 years the exports of North Macedonia to Costa Rica have increased at an annualized rate of 23.1%, from $13.8k in 2018 to $39k in 2023.

In 2018, Costa Rica exported $2.77M to North Macedonia. The main products exported from Costa Rica to North Macedonia were Bananas ($1.47M), Tropical Fruits ($508k), and Orthopedic Appliances ($406k). During the last 5 years the exports of Costa Rica to North Macedonia have increased at an annualized rate of 15.1%, from $1.37M in 2023 to $2.77M in 2018.

Exports from North Macedonia (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to North Macedonia (Flag) (2023)

Latest Data

Trade between North Macedonia (Flag) and Costa Rica (Flag)

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$4B
Costa Rica
Top Destination
United States$9.5B

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

In 2023, countries that imported more from North Macedonia than Costa Rica included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

In 2023, countries that imported more from Costa Rica than North Macedonia included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

Difference in imports from Costa Rica (Flag) and North Macedonia (Flag) (2023)

Comparative Advantage North Macedonia - Costa Rica

Flow
Scale

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

During 2023, North Macedonia had a large net trade with Costa Rica in the exports of Machines ($11.5k), Foodstuffs ($9.97k), and Plastics and Rubbers ($6.19k).

During 2018, Costa Rica had a large net trade with North Macedonia in the exports of Vegetable Products ($2M), Instruments ($645k), and Foodstuffs ($73.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Costa Rica+$18.5kElectrical Control Boards
Top Product Potential Costa Rica North Macedonia+$368kMedical 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 North Macedonia and Costa Rica. This means that a dot/product with the flag of North Macedonia 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 North Macedonia.

Product Space of North Macedonia (Flag) and Costa Rica (Flag) (2023)

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