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2023
Flag → Flag
Exports $49.1MRnk 43 / 172
2023
Flag → Flag
Top Product $9.01MOther Edible Preparations
2023
Flag → Flag
Exports $326MRnk 28 / 183
2023
Flag → Flag
Top Product $101MCopper Wire
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Costa Rica-Chile Trade: In 2023, Costa Rica exported $49.1M to Chile. The main products that Costa Rica exported to Chile were Other Edible Preparations ($9.01M), Medical Instruments ($5.58M), and Frozen Fruits and Nuts ($3.59M). Over the past 5 years the exports of Costa Rica to Chile have increased at an annualized rate of 2.58%, from $43.3M in 2018 to $49.1M in 2023.

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

Chile-Costa Rica Trade: In 2023, Chile exported $326M to Costa Rica. The main products that Chile exported to Costa Rica were Copper Wire ($101M), Sawn Wood ($36.1M), and Pig Meat ($23.4M). Over the past 5 years the exports of Chile to Costa Rica have increased at an annualized rate of 3.58%,  from $274M in 2018 to $326M in 2023.

In 2023, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $49.1M to Chile. The main products exported from Costa Rica to Chile were Other Edible Preparations ($9.01M), Medical Instruments ($5.58M), and Frozen Fruits and Nuts ($3.59M). During the last 5 years the exports of Costa Rica to Chile have increased at an annualized rate of 2.58%, from $43.3M in 2018 to $49.1M in 2023.

In 2018, Chile exported $326M to Costa Rica. The main products exported from Chile to Costa Rica were Copper Wire ($101M), Sawn Wood ($36.1M), and Pig Meat ($23.4M). During the last 5 years the exports of Chile to Costa Rica have increased at an annualized rate of 3.58%, from $274M in 2023 to $326M in 2018.

Exports from Costa Rica (Flag) to Chile (Flag) (2023)

Exports from Chile (Flag) to Costa Rica (Flag) (2023)

Latest Data

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

Costa Rica Exports

Chile Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Costa Rica than Chile included Guatemala ($846M), Nicaragua ($661M), and Honduras ($575M).

In 2023, countries that imported more from Chile than Costa Rica included China ($38.2B), Japan ($7.1B), and United States ($15.7B).

Difference in imports from Chile (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Chile

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Chile in the exports of Foodstuffs ($13.2M), Instruments ($9.15M), and Chemical Products ($7.34M).

During 2018, Chile had a large net trade with Costa Rica in the exports of Metals ($113M), Animal Products ($50M), and Wood Products ($46.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Chile+$6.14MMedical Instruments
Top Product Potential Chile Costa Rica+$991kPackaged 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 Chile. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and Chile (Flag) (2023)

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