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2023
Flag → Flag
Exports $94.1MRnk 33 / 172
2023
Flag → Flag
Top Product $20.5MMedical Instruments
2023
Flag → Flag
Exports $396MRnk 27 / 183
2023
Flag → Flag
Top Product $24.5MPerfumes
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 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$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Costa Rica-Colombia Trade: In 2023, Costa Rica exported $94.1M to Colombia. The main products that Costa Rica exported to Colombia were Medical Instruments ($20.5M), Raw Lead ($16.8M), and Orthopedic Appliances ($9.18M). Over the past 5 years the exports of Costa Rica to Colombia have increased at an annualized rate of 5.02%, from $73.7M in 2018 to $94.1M in 2023.

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

Colombia-Costa Rica Trade: In 2023, Colombia exported $396M to Costa Rica. The main products that Colombia exported to Costa Rica were Perfumes ($24.5M), Planes, Helicopters, and/or Spacecraft ($21.3M), and Packaged Medicaments ($18.2M). Over the past 5 years the exports of Colombia to Costa Rica have increased at an annualized rate of 6.35%,  from $291M in 2018 to $396M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $94.1M to Colombia. The main products exported from Costa Rica to Colombia were Medical Instruments ($20.5M), Raw Lead ($16.8M), and Orthopedic Appliances ($9.18M). During the last 5 years the exports of Costa Rica to Colombia have increased at an annualized rate of 5.02%, from $73.7M in 2018 to $94.1M in 2023.

In 2018, Colombia exported $396M to Costa Rica. The main products exported from Colombia to Costa Rica were Perfumes ($24.5M), Planes, Helicopters, and/or Spacecraft ($21.3M), and Packaged Medicaments ($18.2M). During the last 5 years the exports of Colombia to Costa Rica have increased at an annualized rate of 6.35%, from $291M in 2023 to $396M in 2018.

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

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

Latest Data

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

Costa Rica Exports

Colombia Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Colombia
Top DestinationUnited States$14.8B

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

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

In 2023, countries that imported more from Colombia than Costa Rica included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Costa Rica - Colombia

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Colombia in the exports of Instruments ($30.7M), Metals ($21.7M), and Plastics and Rubbers ($10.7M).

During 2018, Colombia had a large net trade with Costa Rica in the exports of Chemical Products ($127M), Machines ($46.2M), and Plastics and Rubbers ($43.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Colombia+$12.9MMedical Instruments
Top Product Potential Colombia Costa Rica+$10.8MRefined 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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Economic Complexity

Competitive Landscape

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

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

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