Flag Norway / Costa Rica Flag

2021
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Exports
: $17.1M, Rnk 92 / 204

2021
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Top Product
: $13.8M, Mixed Mineral or Chemical Fertilizers

2021
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Exports
: $39.5M, Rnk 43 / 169

2021
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Top Product
: $19.7M, Bananas

2021
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Economic Complexity (ECI)
: ECI 0.69, Rnk 38 / 131

2021
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Economic Complexity (ECI)
: ECI 0.24, Rnk 52 / 131

2021
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GDP
: $482B, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP GROWTH
: -3.18%, CURRENT US$
Rnk 156 / 182

2021
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 GDP
: $64.3B, CURRENT US$
Rnk 77 / 182

2011-2021
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GDP GROWTH
: 50.3%, CURRENT US$
Rnk 50 / 182

2021
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GDP PC 
: $89,203, CURRENT US$
Rnk 5 / 182

2011-2021
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GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 150 / 182

2021
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GDP PC
: $12,509, CURRENT US$
Rnk 59 / 182

2011-2021
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GDP PC GROWTH
: 35.5%, CURRENT US$
Rnk 49 / 182

Norway-Costa Rica In 2021, Norway exported $17.1M to Costa Rica. The main products that Norway exported to Costa Rica are Mixed Mineral or Chemical Fertilizers ($13.8M), Packaged Medicaments ($728k), and Nitrogenous Fertilizers ($636k). During the last 26 years the exports of Norway to Costa Rica have increased at an annualized rate of 6.63%, from $3.22M in 1995 to $17.1M in 2021.

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

Costa Rica-Norway In 2021, Costa Rica exported $39.5M to Norway. The main products that Costa Rica exported to Norway were Bananas ($19.7M), Orthopedic Appliances ($6.93M), and Coffee ($3.95M). During the last 26 years the exports of Costa Rica to Norway have increased at an annualized rate of 3.87%, from $14.7M in 1995 to $39.5M in 2021.

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

Comparison In 2021,  Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B). That same year, Costa Rica ranked 52 in the Economic Complexity Index (ECI 0.24), and 79 in total exports ($16.2B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Norway exported $17.1M to Costa Rica. The main products exported from Norway to Costa Rica were Mixed Mineral or Chemical Fertilizers ($13.8M), Packaged Medicaments ($728k), and Nitrogenous Fertilizers ($636k). During the last 26 years the exports of Norway to Costa Rica have increased at an annualized rate of 6.63%, from $3.22M in 1995 to $17.1M in 2021.

In 2021, Costa Rica exported $39.5M to Norway. The main products exported from Costa Rica to Norway were Bananas ($19.7M), Orthopedic Appliances ($6.93M), and Coffee ($3.95M). During the last 26 years the exports of Costa Rica to Norway have increased at an annualized rate of 3.87%, from $14.7M in 1995 to $39.5M in 2021.

Market Competitiveness

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Color

Norway
Top Destination
: United Kingdom, $33.5B

Costa Rica
Top Destination
: United States, $6.31B

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 2021, countries that imported more from Norway than Costa Rica were United Kingdom ($33.5B), Germany ($31.5B), and Sweden ($13.7B).

In 2021, countries that imported more from Costa Rica than Norway were United States ($6.31B), Guatemala ($727M), and Nicaragua ($576M).

Comparative Advantage Norway - Costa Rica

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Flow
Scale

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

During 2021, Norway had a large net trade with Costa Rica in the exports of Chemical Products ($15.2M), Animal Products ($859k), and Instruments ($440k).

During 2021, Costa Rica had a large net trade with Norway in the exports of Vegetable Products ($26.1M), Instruments ($9.81M), and Machines ($1.17M).

Economic Complexity

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Competitive Landscape

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