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2022
Flag → Flag
Exports $102MRnk 22 / 178
2022
Flag → Flag
Top Product $17.7MRaw Lead
2022
Flag → Flag
Exports $355MRnk 28 / 187
2022
Flag → Flag
Top Product $26.6MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Costa Rica-Colombia Trade: In 2022, Costa Rica exported $102M to Colombia. The main products that Costa Rica exported to Colombia were Raw Lead ($17.7M), Medical Instruments ($11.8M), and Orthopedic Appliances ($11.2M). Over the past 5 years the exports of Costa Rica to Colombia have increased at an annualized rate of 8.98%, from $66.3M in 2017 to $102M in 2022.

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

Colombia-Costa Rica Trade: In 2022, Colombia exported $355M to Costa Rica. The main products that Colombia exported to Costa Rica were Packaged Medicaments ($26.6M), Carbon ($17.3M), and Perfumes ($12.3M). Over the past 5 years the exports of Colombia to Costa Rica have increased at an annualized rate of 2.8%,  from $270M in 2017 to $355M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $102M to Colombia. The main products exported from Costa Rica to Colombia were Raw Lead ($17.7M), Medical Instruments ($11.8M), and Orthopedic Appliances ($11.2M). During the last 5 years the exports of Costa Rica to Colombia have increased at an annualized rate of 8.98%, from $66.3M in 2017 to $102M in 2022.

In 2017, Colombia exported $355M to Costa Rica. The main products exported from Colombia to Costa Rica were Packaged Medicaments ($26.6M), Carbon ($17.3M), and Perfumes ($12.3M). During the last 5 years the exports of Colombia to Costa Rica have increased at an annualized rate of 2.8%, from $270M in 2022 to $355M in 2017.

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

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

Latest Data

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

Costa Rica Exports

Colombia Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Colombia than Costa Rica included United States ($15.6B), Panama ($5.84B), and India ($2.55B).

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

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 2022, Costa Rica had a large net trade with Colombia in the exports of Metals ($35M), Instruments ($23.9M), and Foodstuffs ($13.5M).

During 2017, Colombia had a large net trade with Costa Rica in the exports of Chemical Products ($117M), Plastics and Rubbers ($49M), and Textiles ($39.4M).

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) (2022)

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