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Pricing

2022
Flag → Flag
Exports $31.9MRnk 83 / 209
2022
Flag → Flag
Top Product $26.2MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $45.2MRnk 41 / 178
2022
Flag → Flag
Top Product $19.7MBananas
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
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GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Norway-Costa Rica Trade: In 2022, Norway exported $31.9M to Costa Rica. The main products that Norway exported to Costa Rica were Mixed Mineral or Chemical Fertilizers ($26.2M), Nitrogenous Fertilizers ($2.19M), and Packaged Medicaments ($721k). Over the past 5 years the exports of Norway to Costa Rica have increased at an annualized rate of 55.8%, from $3.48M in 2017 to $31.9M in 2022.

In 2022, Norway did not export any services to Costa Rica.

Costa Rica-Norway Trade: In 2022, Costa Rica exported $45.2M to Norway. The main products that Costa Rica exported to Norway were Bananas ($19.7M), Medical Instruments ($7.39M), and Orthopedic Appliances ($5.3M). Over the past 5 years the exports of Costa Rica to Norway have increased at an annualized rate of 3.22%,  from $38.6M in 2017 to $45.2M in 2022.

In 2022, Costa Rica did not export any services to Norway.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK36.8M and imported NOK74.6M from Costa Rica, resulting in a negative trade balance of NOK37.9M. Between October 2023 and October 2024 the exports of Norway have increased by NOK21.2M (136%) from NOK15.5M to NOK36.8M, while imports decreased by NOK-4.73M (-5.96%) from NOK79.4M to NOK74.6M.

Trade In October 2024, the top exports of Norway to Costa Rica were Chemical materials and products, n.e.s. (NOK61.5M), Paper, paperboard and articles of paper... (NOK208k), Animal oils and fats (NOK172k), General industrial machinery and equipment, n.e.s.,... (NOK110k), and Machinery specialized for particular industries (NOK80k). In October 2024 the top imports of Norway from Costa Rica were Vegetables and fruit (NOK41.9M), Professional, scientific and controlling instruments and... (NOK13.1M), Miscellaneous manufactured articles, n.e.s. (NOK10.5M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK1.93M), and Coffee, tea, cocoa, spices, and manufactures... (NOK1.02M).

Growth In October 2024, the increase in Norway's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (NOK23.2M or 60.7%) and Paper, paperboard and articles of paper... (NOK60k or 40.5%). In October 2024, the decrease in Norway's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in Road vehicles (including air-cushion vehicles) (NOK-584k or -100%), Cork and wood (NOK-575k or -97.5%), and Coffee, tea, cocoa, spices, and manufactures... (NOK-215k or -17.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK21.2M(136%)
IMPORT GROWTH (October 2023 - October 2024)NOK-4.73M(-5.96%)

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

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

For full datasets download visit Bulk Download page.

Explore Costa Rica and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $31.9M to Costa Rica. The main products exported from Norway to Costa Rica were Mixed Mineral or Chemical Fertilizers ($26.2M), Nitrogenous Fertilizers ($2.19M), and Packaged Medicaments ($721k). During the last 5 years the exports of Norway to Costa Rica have increased at an annualized rate of 55.8%, from $3.48M in 2017 to $31.9M in 2022.

In 2017, Costa Rica exported $45.2M to Norway. The main products exported from Costa Rica to Norway were Bananas ($19.7M), Medical Instruments ($7.39M), and Orthopedic Appliances ($5.3M). During the last 5 years the exports of Costa Rica to Norway have increased at an annualized rate of 3.22%, from $38.6M in 2022 to $45.2M in 2017.

Exports from Norway (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Norway than Costa Rica included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Costa Rica than Norway included United States ($6.83B), Guatemala ($821M), and Nicaragua ($593M).

Difference in imports from Costa Rica (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Costa Rica

Flow
Scale

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

During 2022, Norway had a large net trade with Costa Rica in the exports of Chemical Products ($29.4M), Animal Products ($1.14M), and Instruments ($360k).

During 2017, Costa Rica had a large net trade with Norway in the exports of Vegetable Products ($27.5M), Instruments ($13.2M), and Plastics and Rubbers ($1.49M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Costa Rica+$885kPackaged Medicaments
Top Product Potential Costa Rica Norway+$5.68MMedical 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 Norway and Costa Rica. This means that a dot/product with the flag of Norway 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 Norway.

Product Space of Norway (Flag) and Costa Rica (Flag) (2022)

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