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2022
Flag → Flag
Exports $11.4MRnk 32 / 126
2022
Flag → Flag
Exports $1.09kRnk 71 / 178
2022
Flag → Flag
Top Product $2.03MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Venezuela-Costa Rica Trade: In 2022, Venezuela exported $11.4M to Costa Rica. The main products that Venezuela exported to Costa Rica were N/A. Over the past 5 years the exports of Venezuela to Costa Rica have decreased at an annualized rate of 15.1%, from $25.8M in 2017 to $11.4M in 2022.

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

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

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

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $11.4M to Costa Rica. There were not main exports from Venezuela to Costa Rica in 2022. During the last 5 years the exports of Venezuela to Costa Rica have decreased at an annualized rate of 15.1%, from $25.8M in 2017 to $11.4M in 2022.

Costa Rica does not register exports to Venezuela. The main products exported from Costa Rica to Venezuela were Vaccines, blood, antisera, toxins and cultures ($2.03M), Other Oily Seeds ($1.22M), and Packaged Medicaments ($790k).

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

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

Latest Data

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

Costa Rica Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Venezuela than Costa Rica included Turkey ($597M), Brazil ($361M), and China ($703M).

In 2022, countries that imported more from Costa Rica than Venezuela included United States ($6.83B), Netherlands ($1.22B), and Belgium ($775M).

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

Comparative Advantage Venezuela - Costa Rica

Flow
Scale

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

During 2022, Venezuela had a large net trade with Costa Rica in the exports of Chemical Products ($4.95M), Wood Products ($4.23M), and Metals ($988k).

Economic Complexity

Competitive Landscape

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

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

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