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2022
Flag → Flag
Exports $47MRnk 37 / 168
2022
Flag → Flag
Exports $5.09MRnk 82 / 178
2022
Flag → Flag
Top Product $1.76MMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 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 $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
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GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Uruguay-Costa Rica Trade: In 2022, Uruguay exported $47M to Costa Rica. The main products that Uruguay exported to Costa Rica were N/A. Over the past 5 years the exports of Uruguay to Costa Rica have increased at an annualized rate of 16.2%, from $22.2M in 2017 to $47M in 2022.

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

Costa Rica-Uruguay Trade: In 2022, Costa Rica exported $5.09M to Uruguay. The main products that Costa Rica exported to Uruguay were Medical Instruments ($1.76M), Coffee ($1.15M), and Asbestos Cement Articles ($378k). Over the past 5 years the exports of Costa Rica to Uruguay have increased at an annualized rate of 2.87%,  from $4.42M in 2017 to $5.09M in 2022.

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

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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, Uruguay exported $47M to Costa Rica. There were not main exports from Uruguay to Costa Rica in 2022. During the last 5 years the exports of Uruguay to Costa Rica have increased at an annualized rate of 16.2%, from $22.2M in 2017 to $47M in 2022.

In 2017, Costa Rica exported $5.09M to Uruguay. The main products exported from Costa Rica to Uruguay were Medical Instruments ($1.76M), Coffee ($1.15M), and Asbestos Cement Articles ($378k). During the last 5 years the exports of Costa Rica to Uruguay have increased at an annualized rate of 2.87%, from $4.42M in 2022 to $5.09M in 2017.

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

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

Latest Data

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

Uruguay Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Uruguay than Costa Rica included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

In 2022, countries that imported more from Costa Rica than Uruguay included United States ($6.83B), Belgium ($775M), and Guatemala ($821M).

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

Comparative Advantage Uruguay - Costa Rica

Flow
Scale

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

During 2022, Uruguay had a large net trade with Costa Rica in the exports of Vegetable Products ($35.5M), Chemical Products ($3.9M), and Textiles ($3.35M).

During 2017, Costa Rica had a large net trade with Uruguay in the exports of Instruments ($1.96M), Vegetable Products ($1.26M), and Stone And Glass ($389k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Costa Rica+$465kPackaged Medicaments
Top Product Potential Costa Rica Uruguay+$1.39MMedical 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 Uruguay and Costa Rica. This means that a dot/product with the flag of Uruguay 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 Uruguay.

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

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