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2023
Flag → Flag
Exports $7.78MRnk 74 / 172
2023
Flag → Flag
Top Product $4.95MBananas
2023
Flag → Flag
Exports $63.9MRnk 80 / 217
2023
Flag → Flag
Top Product $15MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 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$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Costa Rica-Denmark Trade: In 2023, Costa Rica exported $7.78M to Denmark. The main products that Costa Rica exported to Denmark were Bananas ($4.95M), Sowing Seeds ($1.17M), and Other live plants, cuttings and slips; mushroom spawn ($306k). Over the past 5 years the exports of Costa Rica to Denmark have decreased at an annualized rate of 3.96%, from $9.52M in 2018 to $7.78M in 2023.

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

Denmark-Costa Rica Trade: In 2023, Denmark exported $63.9M to Costa Rica. The main products that Denmark exported to Costa Rica were Packaged Medicaments ($15M), Machinery Having Individual Functions ($9.08M), and Malt Extract ($5.21M). Over the past 5 years the exports of Denmark to Costa Rica have increased at an annualized rate of 7.81%,  from $37.7M in 2018 to $63.9M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $7.78M to Denmark. The main products exported from Costa Rica to Denmark were Bananas ($4.95M), Sowing Seeds ($1.17M), and Other live plants, cuttings and slips; mushroom spawn ($306k). During the last 5 years the exports of Costa Rica to Denmark have decreased at an annualized rate of 3.96%, from $9.52M in 2018 to $7.78M in 2023.

In 2018, Denmark exported $63.9M to Costa Rica. The main products exported from Denmark to Costa Rica were Packaged Medicaments ($15M), Machinery Having Individual Functions ($9.08M), and Malt Extract ($5.21M). During the last 5 years the exports of Denmark to Costa Rica have increased at an annualized rate of 7.81%, from $37.7M in 2023 to $63.9M in 2018.

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

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

Latest Data

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

Costa Rica Exports

Denmark Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Denmark
Top DestinationGermany$14.8B

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

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

In 2023, countries that imported more from Denmark than Costa Rica included Germany ($14.8B), Sweden ($11.2B), and Netherlands ($7.89B).

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

Comparative Advantage Costa Rica - Denmark

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Denmark in the exports of Vegetable Products ($6.56M), Machines ($442k), and Foodstuffs ($311k).

During 2018, Denmark had a large net trade with Costa Rica in the exports of Chemical Products ($23.7M), Machines ($15.9M), and Foodstuffs ($8.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Denmark+$1.08MBananas
Top Product Potential Denmark Costa Rica+$6.75MPackaged 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 Denmark. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Costa Rica.

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

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