Costa Rica (CRI) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

About

Costa Rica-Azerbaijan Trade: In 2022, Costa Rica exported $1.91M to Azerbaijan. The main products that Costa Rica exported to Azerbaijan were Tropical Fruits ($1.51M), Medical Instruments ($227k), and Integrated Circuits ($36k). Over the past 5 years the exports of Costa Rica to Azerbaijan have increased at an annualized rate of 12%, from $1.08M in 2017 to $1.91M in 2022.

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

Azerbaijan-Costa Rica Trade: In 2022, Azerbaijan exported $2.96k to Costa Rica. The main products that Azerbaijan exported to Costa Rica were Low-voltage Protection Equipment ($2.96k). Over the past 5 years the exports of Azerbaijan to Costa Rica have increased at an annualized rate of 46%, from $306 in 2017 to $2.96k in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $1.91M to Azerbaijan. The main products exported from Costa Rica to Azerbaijan were Tropical Fruits ($1.51M), Medical Instruments ($227k), and Integrated Circuits ($36k). During the last 5 years the exports of Costa Rica to Azerbaijan have increased at an annualized rate of 12%, from $1.08M in 2017 to $1.91M in 2022.

In 2017, Azerbaijan exported $2.96k to Costa Rica. The main products exported from Azerbaijan to Costa Rica were Low-voltage Protection Equipment ($2.96k). During the last 5 years the exports of Azerbaijan to Costa Rica have increased at an annualized rate of 46%, from $306 in 2022 to $2.96k in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Costa Rica included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Costa Rica - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Azerbaijan in the exports of Vegetable Products ($1.57M), Instruments ($250k), and Machines ($45.5k).

During 2017, Azerbaijan had a large net trade with Costa Rica in the exports of Machines ($2.96k).

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 Azerbaijan+$502kMedical Instruments

Top Product Potential Azerbaijan Costa Rica+$5.95kLow-voltage Protection Equipment

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Costa Rica - Azerbaijan

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring