Somalia (SOM) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Somalia-Costa Rica Trade: In 2022, Somalia exported $38.2k to Costa Rica. The main products that Somalia exported to Costa Rica were Industrial Printers ($21k), Other Office Machines ($10.5k), and Office Machine Parts ($2.53k). Over the past 5 years the exports of Somalia to Costa Rica have increased at an annualized rate of 68.3%, from $2.82k in 2017 to $38.2k in 2022.

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

Costa Rica-Somalia In N/A, Costa Rica did not export any products to Somalia.

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

Comparison In 2022, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Somalia exported $38.2k to Costa Rica. The main products exported from Somalia to Costa Rica were Industrial Printers ($21k), Other Office Machines ($10.5k), and Office Machine Parts ($2.53k). During the last 5 years the exports of Somalia to Costa Rica have increased at an annualized rate of 68.3%, from $2.82k in 2017 to $38.2k in 2022.

Costa Rica does not register exports to Somalia. The main products exported from Costa Rica to Somalia were Medical Instruments ($3.76k).

Exports from Somalia () to Costa Rica () (2022)

Exports from Costa Rica () to Somalia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Somalia than Costa Rica included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

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

Difference in imports from Costa Rica () and Somalia () (2022)

Comparative Advantage Somalia - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Costa Rica in the exports of Machines ($36.4k), Metals ($1.58k), and Stone And Glass ($133).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Costa Rica+$2.67kIndustrial Printers

Top Product Potential Costa Rica Somalia+$24.1kMedical 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 Somalia and Costa Rica. This means that a dot/product with the flag of Somalia 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 Somalia.

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Historical Data

Bilateral Trade by Products

Exports from Somalia () to Costa Rica () (2022)

Exports from Costa Rica () to Somalia () (2022)

Market Competitiveness

Difference in imports from Costa Rica () and Somalia () (2022)

Comparative Advantage Somalia - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Somalia () and Costa Rica () (2022)

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