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2022
Flag → Flag
Exports $189MRnk 18 / 178
2022
Flag → Flag
Top Product $38.3MMedical Instruments
2022
Flag → Flag
Exports $235MRnk 61 / 215
2022
Flag → Flag
Top Product $63.8MWheat
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Costa Rica-Canada Trade: In 2022, Costa Rica exported $189M to Canada. The main products that Costa Rica exported to Canada were Medical Instruments ($38.3M), Tropical Fruits ($20.3M), and Orthopedic Appliances ($14.2M). Over the past 5 years the exports of Costa Rica to Canada have increased at an annualized rate of 3.67%, from $157M in 2017 to $189M in 2022.

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

Canada-Costa Rica Trade: In 2022, Canada exported $235M to Costa Rica. The main products that Canada exported to Costa Rica were Wheat ($63.8M), Potassic Fertilizers ($33.7M), and Medical Instruments ($15.6M). Over the past 5 years the exports of Canada to Costa Rica have increased at an annualized rate of 9.47%,  from $137M in 2017 to $235M in 2022.

In 2020, Canada exported services to Costa Rica worth $17.9M, with Royalties and license fees ($11.2M), Travel ($5.97M), and Computer and information services ($746k) being the largest in terms of value.

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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $189M to Canada. The main products exported from Costa Rica to Canada were Medical Instruments ($38.3M), Tropical Fruits ($20.3M), and Orthopedic Appliances ($14.2M). During the last 5 years the exports of Costa Rica to Canada have increased at an annualized rate of 3.67%, from $157M in 2017 to $189M in 2022.

In 2017, Canada exported $235M to Costa Rica. The main products exported from Canada to Costa Rica were Wheat ($63.8M), Potassic Fertilizers ($33.7M), and Medical Instruments ($15.6M). During the last 5 years the exports of Canada to Costa Rica have increased at an annualized rate of 9.47%, from $137M in 2022 to $235M in 2017.

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

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

Latest Data

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

Costa Rica Exports

Canada Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Costa Rica included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Costa Rica - Canada

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Canada in the exports of Instruments ($62.3M), Vegetable Products ($61.4M), and Metals ($18.6M).

During 2017, Canada had a large net trade with Costa Rica in the exports of Vegetable Products ($71.3M), Chemical Products ($47.4M), and Machines ($30.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Canada+$29.3MMedical Instruments
Top Product Potential Canada Costa Rica+$7.1MRefined Petroleum

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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Bilateral Service Trade

In 2020, Canada exported services to Costa Rica worth $17.9M, with Royalties and license fees ($11.2M), Travel ($5.97M), and Computer and information services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Costa Rica (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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