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Pricing

2023
Flag → Flag
Exports $2.13kRnk 126 / 137
2023
Flag → Flag
Top Product $2.1kLow-voltage Protection Equipment
2023
Flag → Flag
Exports $3.56MRnk 89 / 172
2023
Flag → Flag
Top Product $1.85MTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 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 $7,126CURRENT US$
Rnk 103 / 195
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Azerbaijan-Costa Rica Trade: In 2023, Azerbaijan exported $2.13k to Costa Rica. The main products that Azerbaijan exported to Costa Rica were Low-voltage Protection Equipment ($2.1k) and Metal Mountings ($29). Over the past 6 years the exports of Azerbaijan to Costa Rica have increased at an annualized rate of 38.1%, from $306 in 2017 to $2.13k in 2023.

In 2023, Azerbaijan did not export any services to Costa Rica.

Costa Rica-Azerbaijan Trade: In 2023, Costa Rica exported $3.56M to Azerbaijan. The main products that Costa Rica exported to Azerbaijan were Tropical Fruits ($1.85M), Pesticides ($983k), and Medical Instruments ($434k). Over the past 6 years the exports of Costa Rica to Azerbaijan have increased at an annualized rate of 21.7%,  from $1.33M in 2017 to $3.56M in 2023.

In 2023, Costa Rica did not export any services to Azerbaijan.

Comparison: In 2023,  Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). 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, Azerbaijan exported $2.13k to Costa Rica. The main products exported from Azerbaijan to Costa Rica were Low-voltage Protection Equipment ($2.1k) and Metal Mountings ($29). During the last 6 years the exports of Azerbaijan to Costa Rica have increased at an annualized rate of 38.1%, from $306 in 2017 to $2.13k in 2023.

In 2018, Costa Rica exported $3.56M to Azerbaijan. The main products exported from Costa Rica to Azerbaijan were Tropical Fruits ($1.85M), Pesticides ($983k), and Medical Instruments ($434k). During the last 5 years the exports of Costa Rica to Azerbaijan have increased at an annualized rate of 21.7%, from $1.33M in 2023 to $3.56M in 2018.

Exports from Azerbaijan (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Azerbaijan (Flag) (2023)

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$11.4B
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Azerbaijan than Costa Rica included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

In 2023, countries that imported more from Costa Rica than Azerbaijan included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

Difference in imports from Costa Rica (Flag) and Azerbaijan (Flag) (2023)

Comparative Advantage Azerbaijan - Costa Rica

Flow
Scale

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

During 2023, Azerbaijan had a large net trade with Costa Rica in the exports of Machines ($2.1k) and Metals ($29).

During 2018, Costa Rica had a large net trade with Azerbaijan in the exports of Vegetable Products ($1.98M), Chemical Products ($994k), and Instruments ($472k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Costa Rica+$5.95kLow-voltage Protection Equipment
Top Product Potential Costa Rica Azerbaijan+$502kMedical 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 Azerbaijan and Costa Rica. This means that a dot/product with the flag of Azerbaijan 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 Azerbaijan.

Product Space of Azerbaijan (Flag) and Costa Rica (Flag) (2023)

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