Uruguay (URY) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

About

Uruguay-Costa Rica Trade: In 2022, Uruguay exported $47M to Costa Rica. The main products that Uruguay exported to Costa Rica were Rice ($35.2M), Non-woven Textiles ($2.33M), and Packaged Medicaments ($1.94M). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $47M to Costa Rica. The main products exported from Uruguay to Costa Rica were Rice ($35.2M), Non-woven Textiles ($2.33M), and Packaged Medicaments ($1.94M). 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 () to Costa Rica () (2022)

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

Latest Data

Trade between Uruguay () and Costa Rica ()

Uruguay Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Uruguay () (2022)

Comparative Advantage Uruguay - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Uruguay () and Costa Rica ()

Uruguay Exports

Costa Rica Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Costa Rica

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring