Saudi Arabia (SAU) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Costa Rica Trade: In 2023, Saudi Arabia exported $153M to Costa Rica. The main products that Saudi Arabia exported to Costa Rica were Refined Petroleum ($141M), Propylene Polymers ($3.75M), and Other Uncoated Paper ($3.3M). Over the past 5 years the exports of Saudi Arabia to Costa Rica have increased at an annualized rate of 90.9%, from $6.02M in 2018 to $153M in 2023.

In 2023, Saudi Arabia did not export any services to Costa Rica.

Costa Rica-Saudi Arabia Trade: In 2023, Costa Rica exported $104M to Saudi Arabia. The main products that Costa Rica exported to Saudi Arabia were Other Fruits ($30.2M), Bananas ($27.4M), and Medical Instruments ($22.8M). Over the past 5 years the exports of Costa Rica to Saudi Arabia have increased at an annualized rate of 31.5%, from $26.4M in 2018 to $104M in 2023.

In 2023, Costa Rica did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $153M to Costa Rica. The main products exported from Saudi Arabia to Costa Rica were Refined Petroleum ($141M), Propylene Polymers ($3.75M), and Other Uncoated Paper ($3.3M). During the last 5 years the exports of Saudi Arabia to Costa Rica have increased at an annualized rate of 90.9%, from $6.02M in 2018 to $153M in 2023.

In 2018, Costa Rica exported $104M to Saudi Arabia. The main products exported from Costa Rica to Saudi Arabia were Other Fruits ($30.2M), Bananas ($27.4M), and Medical Instruments ($22.8M). During the last 5 years the exports of Costa Rica to Saudi Arabia have increased at an annualized rate of 31.5%, from $26.4M in 2023 to $104M in 2018.

Exports from Saudi Arabia () to Costa Rica () (2023)

Exports from Costa Rica () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Costa Rica ()

Saudi Arabia Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Saudi Arabia than Costa Rica included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Costa Rica than Saudi Arabia included Guatemala ($846M), Nicaragua ($661M), and Panama ($585M).

Difference in imports from Costa Rica () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Costa Rica in the exports of Mineral Products ($141M), Plastics and Rubbers ($5.59M), and Paper Goods ($3.94M).

During 2018, Costa Rica had a large net trade with Saudi Arabia in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Costa Rica+$1.35MEthylene Polymers

Top Product Potential Costa Rica Saudi Arabia+$5.88MMedical 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

Year

This visualization shows the product space at the HS4 level with the flags of Saudi Arabia and Costa Rica. This means that a dot/product with the flag of Saudi Arabia 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 Saudi Arabia.

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Costa Rica () (2023)

Exports from Costa Rica () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Costa Rica ()

Saudi Arabia Exports

Costa Rica Exports

Market Competitiveness

Difference in imports from Costa Rica () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Costa Rica () (2023)

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