Costa Rica (CRI) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Costa Rica-Austria Trade: In 2023, Costa Rica exported $65.6M to Austria. The main products that Costa Rica exported to Austria were Bananas ($18.3M), Tropical Fruits ($16.5M), and Medical Instruments ($15M). Over the past 5 years the exports of Costa Rica to Austria have increased at an annualized rate of 7.68%, from $45.3M in 2018 to $65.6M in 2023.

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

Austria-Costa Rica Trade: In 2023, Austria exported $62.3M to Costa Rica. The main products that Austria exported to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($22.2M), Packaged Medicaments ($5.81M), and Motorcycles and cycles ($4.07M). Over the past 5 years the exports of Austria to Costa Rica have increased at an annualized rate of 15.9%, from $29.7M in 2018 to $62.3M in 2023.

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

Comparison: In 2023, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $65.6M to Austria. The main products exported from Costa Rica to Austria were Bananas ($18.3M), Tropical Fruits ($16.5M), and Medical Instruments ($15M). During the last 5 years the exports of Costa Rica to Austria have increased at an annualized rate of 7.68%, from $45.3M in 2018 to $65.6M in 2023.

In 2018, Austria exported $62.3M to Costa Rica. The main products exported from Austria to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($22.2M), Packaged Medicaments ($5.81M), and Motorcycles and cycles ($4.07M). During the last 5 years the exports of Austria to Costa Rica have increased at an annualized rate of 15.9%, from $29.7M in 2023 to $62.3M in 2018.

Exports from Costa Rica () to Austria () (2023)

Exports from Austria () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Austria ()

Costa Rica Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Costa Rica than Austria included Guatemala ($846M), Nicaragua ($661M), and Panama ($585M).

In 2023, countries that imported more from Austria than Costa Rica included Germany ($51B), Italy ($13.5B), and Switzerland ($10.9B).

Difference in imports from Austria () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Austria in the exports of Vegetable Products ($37.3M), Instruments ($19.8M), and Machines ($3.13M).

During 2018, Austria had a large net trade with Costa Rica in the exports of Chemical Products ($29.1M), Machines ($11.4M), and Transportation ($5.75M).

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 Austria+$409kSemiconductor Devices

Top Product Potential Austria Costa Rica+$4.87MPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Austria () (2023)

Exports from Austria () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Austria ()

Costa Rica Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Austria () (2023)

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