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Pricing

2022
Flag → Flag
Exports $4.45MRnk 108 / 171
2022
Flag → Flag
Top Product $3.1MAluminium Wire
2022
Flag → Flag
Exports $64.5kRnk 143 / 178
2022
Flag → Flag
Top Product $47.2kMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Oman-Costa Rica Trade: In 2022, Oman exported $4.45M to Costa Rica. The main products that Oman exported to Costa Rica were Aluminium Wire ($3.1M), Raw Plastic Sheeting ($1.21M), and Propylene Polymers ($75.4k). Over the past 5 years the exports of Oman to Costa Rica have increased at an annualized rate of 106%, from $119k in 2017 to $4.45M in 2022.

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

Costa Rica-Oman Trade: In 2022, Costa Rica exported $64.5k to Oman. The main products that Costa Rica exported to Oman were Medical Instruments ($47.2k), Other Fruits ($15.1k), and Pesticides ($1.32k). Over the past 5 years the exports of Costa Rica to Oman have decreased at an annualized rate of 9.92%,  from $878k in 2017 to $64.5k in 2022.

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

Comparison: In 2022,  Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Oman exported $4.45M to Costa Rica. The main products exported from Oman to Costa Rica were Aluminium Wire ($3.1M), Raw Plastic Sheeting ($1.21M), and Propylene Polymers ($75.4k). During the last 5 years the exports of Oman to Costa Rica have increased at an annualized rate of 106%, from $119k in 2017 to $4.45M in 2022.

In 2017, Costa Rica exported $64.5k to Oman. The main products exported from Costa Rica to Oman were Medical Instruments ($47.2k), Other Fruits ($15.1k), and Pesticides ($1.32k). During the last 5 years the exports of Costa Rica to Oman have decreased at an annualized rate of 9.92%, from $878k in 2022 to $64.5k in 2017.

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

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

Latest Data

Trade between Oman (Flag) and Costa Rica (Flag)

Oman Exports

Market Competitiveness

Color
Oman
Top DestinationChina$30.4B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Oman than Costa Rica included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

In 2022, countries that imported more from Costa Rica than Oman included United States ($6.83B), Guatemala ($821M), and Netherlands ($1.22B).

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

Comparative Advantage Oman - Costa Rica

Flow
Scale

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

During 2022, Oman had a large net trade with Costa Rica in the exports of Metals ($3.1M), Plastics and Rubbers ($1.29M), and Chemical Products ($66.3k).

During 2017, Costa Rica had a large net trade with Oman in the exports of Instruments ($47.2k), Vegetable Products ($16k), and Chemical Products ($1.32k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Oman Costa Rica+$668kRaw Plastic Sheeting
Top Product Potential Costa Rica Oman+$181kMedical 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 Oman and Costa Rica. This means that a dot/product with the flag of Oman 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 Oman.

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

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