2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH
69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH
56.8%CURRENT US$
Rnk 34 / 195

About

Chile-Costa Rica Trade: In 2023, Chile exported $326M to Costa Rica. The main products that Chile exported to Costa Rica were Copper Wire ($101M), Sawn Wood ($36.1M), and Pig Meat ($23.4M). Over the past 5 years the exports of Chile to Costa Rica have increased at an annualized rate of 3.58%, from $274M in 2018 to $326M in 2023.

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

Costa Rica-Chile Trade: In 2023, Costa Rica exported $49.1M to Chile. The main products that Costa Rica exported to Chile were Other Edible Preparations ($9.01M), Medical Instruments ($5.58M), and Frozen Fruits and Nuts ($3.59M). Over the past 5 years the exports of Costa Rica to Chile have increased at an annualized rate of 2.58%,  from $43.3M in 2018 to $49.1M in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). 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, Chile exported $326M to Costa Rica. The main products exported from Chile to Costa Rica were Copper Wire ($101M), Sawn Wood ($36.1M), and Pig Meat ($23.4M). During the last 5 years the exports of Chile to Costa Rica have increased at an annualized rate of 3.58%, from $274M in 2018 to $326M in 2023.

In 2018, Costa Rica exported $49.1M to Chile. The main products exported from Costa Rica to Chile were Other Edible Preparations ($9.01M), Medical Instruments ($5.58M), and Frozen Fruits and Nuts ($3.59M). During the last 5 years the exports of Costa Rica to Chile have increased at an annualized rate of 2.58%, from $43.3M in 2023 to $49.1M in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Costa Rica
Top Destination
United States$9.5B

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

In 2023, countries that imported more from Chile than Costa Rica included China ($38.2B), Japan ($7.1B), and United States ($15.7B).

In 2023, countries that imported more from Costa Rica than Chile included Guatemala ($846M), Nicaragua ($661M), and Honduras ($575M).

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

Comparative Advantage Chile - Costa Rica

Flow
Scale

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

During 2023, Chile had a large net trade with Costa Rica in the exports of Metals ($113M), Animal Products ($50M), and Wood Products ($46.2M).

During 2018, Costa Rica had a large net trade with Chile in the exports of Foodstuffs ($13.2M), Instruments ($9.15M), and Chemical Products ($7.34M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Costa Rica+$991kPackaged Medicaments
Top Product Potential Costa Rica Chile+$6.14MMedical 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

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with