Costa Rica (CRI) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Costa Rica-Armenia Trade: In 2022, Costa Rica exported $3.38M to Armenia. The main products that Costa Rica exported to Armenia were Tropical Fruits ($1.4M), Medical Instruments ($1.32M), and Orthopedic Appliances ($140k). Over the past 5 years the exports of Costa Rica to Armenia have increased at an annualized rate of 36.2%, from $721k in 2017 to $3.38M in 2022.

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

Armenia-Costa Rica Trade: In 2022, Armenia exported $55.4k to Costa Rica. The main products that Armenia exported to Costa Rica were Aluminium Foil ($51.8k), Non-Knit Women's Coats ($2.06k), and Non-Knit Men's Coats ($1.02k). Over the past 5 years the exports of Armenia to Costa Rica have decreased at an annualized rate of 21.7%, from $189k in 2017 to $55.4k in 2022.

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

Comparison: In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $3.38M to Armenia. The main products exported from Costa Rica to Armenia were Tropical Fruits ($1.4M), Medical Instruments ($1.32M), and Orthopedic Appliances ($140k). During the last 5 years the exports of Costa Rica to Armenia have increased at an annualized rate of 36.2%, from $721k in 2017 to $3.38M in 2022.

In 2017, Armenia exported $55.4k to Costa Rica. The main products exported from Armenia to Costa Rica were Aluminium Foil ($51.8k), Non-Knit Women's Coats ($2.06k), and Non-Knit Men's Coats ($1.02k). During the last 5 years the exports of Armenia to Costa Rica have decreased at an annualized rate of 21.7%, from $189k in 2022 to $55.4k in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Costa Rica than Armenia included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2022, countries that imported more from Armenia than Costa Rica included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

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

Comparative Advantage Costa Rica - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Armenia in the exports of Vegetable Products ($1.51M), Instruments ($1.46M), and Stone And Glass ($135k).

During 2017, Armenia had a large net trade with Costa Rica in the exports of Metals ($51.8k), Textiles ($3.3k), and Machines ($276).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Armenia+$930kMedical Instruments

Top Product Potential Armenia Costa Rica+$57.1kAluminium Foil

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

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Armenia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Costa Rica - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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