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2023
Flag → Flag
Exports $18.8MRnk 153 / 216
2023
Flag → Flag
Top Product $5.87MElectric Generating Sets
2023
Flag → Flag
Exports $39.3MRnk 45 / 172
2023
Flag → Flag
Top Product $14.1MMedical Instruments
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

United Arab Emirates-Costa Rica Trade: In 2023, United Arab Emirates exported $18.8M to Costa Rica. The main products that United Arab Emirates exported to Costa Rica were Electric Generating Sets ($5.87M), Raw Plastic Sheeting ($1.81M), and Cars ($1.53M). Over the past 5 years the exports of United Arab Emirates to Costa Rica have decreased at an annualized rate of 15.2%, from $42.9M in 2018 to $18.8M in 2023.

In 2023, United Arab Emirates did not export any services to Costa Rica.

Costa Rica-United Arab Emirates Trade: In 2023, Costa Rica exported $39.3M to United Arab Emirates. The main products that Costa Rica exported to United Arab Emirates were Medical Instruments ($14.1M), Orthopedic Appliances ($5.59M), and Bananas ($2.84M). Over the past 5 years the exports of Costa Rica to United Arab Emirates have increased at an annualized rate of 21.1%,  from $15.1M in 2018 to $39.3M in 2023.

In 2023, Costa Rica did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). 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
Value

In 2023, United Arab Emirates exported $18.8M to Costa Rica. The main products exported from United Arab Emirates to Costa Rica were Electric Generating Sets ($5.87M), Raw Plastic Sheeting ($1.81M), and Cars ($1.53M). During the last 5 years the exports of United Arab Emirates to Costa Rica have decreased at an annualized rate of 15.2%, from $42.9M in 2018 to $18.8M in 2023.

In 2018, Costa Rica exported $39.3M to United Arab Emirates. The main products exported from Costa Rica to United Arab Emirates were Medical Instruments ($14.1M), Orthopedic Appliances ($5.59M), and Bananas ($2.84M). During the last 5 years the exports of Costa Rica to United Arab Emirates have increased at an annualized rate of 21.1%, from $15.1M in 2023 to $39.3M in 2018.

Exports from United Arab Emirates (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Costa Rica (Flag)

United Arab Emirates Exports

Costa Rica Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from United Arab Emirates than Costa Rica included China ($40.2B), India ($38.2B), and Japan ($37.4B).

In 2023, countries that imported more from Costa Rica than United Arab Emirates included United States ($9.5B), Guatemala ($846M), and Nicaragua ($661M).

Difference in imports from Costa Rica (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Costa Rica

Flow
Scale

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

During 2023, United Arab Emirates had a large net trade with Costa Rica in the exports of Machines ($6.65M), Plastics and Rubbers ($2.99M), and Metals ($2.73M).

During 2018, Costa Rica had a large net trade with United Arab Emirates in the exports of Instruments ($21.1M), Machines ($6.21M), and Vegetable Products ($5.59M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Costa Rica+$3.26MCars
Top Product Potential Costa Rica United Arab Emirates+$8.16MMedical 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 United Arab Emirates and Costa Rica. This means that a dot/product with the flag of United Arab Emirates 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 United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Costa Rica (Flag) (2023)

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