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Pricing

2022
Flag → Flag
Exports $56.9MRnk 37 / 178
2022
Flag → Flag
Top Product $22.9MMedical Instruments
2022
Flag → Flag
Exports $7.05MRnk 133 / 213
2022
Flag → Flag
Top Product $1.49MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Costa Rica-Australia Trade: In 2022, Costa Rica exported $56.9M to Australia. The main products that Costa Rica exported to Australia were Medical Instruments ($22.9M), Orthopedic Appliances ($7.3M), and Coffee ($5.83M). Over the past 5 years the exports of Costa Rica to Australia have decreased at an annualized rate of 1.49%, from $61.3M in 2017 to $56.9M in 2022.

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

Australia-Costa Rica Trade: In 2022, Australia exported $7.05M to Costa Rica. The main products that Australia exported to Costa Rica were Packaged Medicaments ($1.49M), High-voltage Protection Equipment ($592k), and Delivery Trucks ($257k). Over the past 5 years the exports of Australia to Costa Rica have decreased at an annualized rate of 4.36%,  from $8.81M in 2017 to $7.05M in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $56.9M to Australia. The main products exported from Costa Rica to Australia were Medical Instruments ($22.9M), Orthopedic Appliances ($7.3M), and Coffee ($5.83M). During the last 5 years the exports of Costa Rica to Australia have decreased at an annualized rate of 1.49%, from $61.3M in 2017 to $56.9M in 2022.

In 2017, Australia exported $7.05M to Costa Rica. The main products exported from Australia to Costa Rica were Packaged Medicaments ($1.49M), High-voltage Protection Equipment ($592k), and Delivery Trucks ($257k). During the last 5 years the exports of Australia to Costa Rica have decreased at an annualized rate of 4.36%, from $8.81M in 2022 to $7.05M in 2017.

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

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

Latest Data

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

Costa Rica Exports

Australia Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Costa Rica than Australia included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

In 2022, countries that imported more from Australia than Costa Rica included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Costa Rica - Australia

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Australia in the exports of Instruments ($35.3M), Vegetable Products ($7.21M), and Machines ($5.7M).

During 2017, Australia had a large net trade with Costa Rica in the exports of Chemical Products ($2.34M), Machines ($1.65M), and Instruments ($676k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Australia+$17.7MMedical Instruments
Top Product Potential Australia Costa Rica+$1.39MPackaged Medicaments

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 Costa Rica and Australia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Australia. Similarly, a dot/product with the flag of Australia indicates it has a comparative advantage over Costa Rica.

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

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