2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Costa Rica-Ecuador In 2022, Costa Rica exported $85.7M to Ecuador. The main products that Costa Rica exported to Ecuador are Scrap Iron ($15.2M), Packaged Medicaments ($14M), and Kraft Paper ($9.76M). During the last 27 years the exports of Costa Rica to Ecuador have increased at an annualized rate of 9.21%, from $7.95M in 1995 to $85.7M in 2022.

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

Ecuador-Costa Rica In 2022, Ecuador exported $46.1M to Costa Rica. The main products that Ecuador exported to Costa Rica were Processed Fish ($7.84M), Refined Petroleum ($7.52M), and Other Uncoated Paper ($4.49M). During the last 27 years the exports of Ecuador to Costa Rica have increased at an annualized rate of 8.56%, from $5.02M in 1995 to $46.1M in 2022.

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

Comparison In 2022,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B). That same year, Ecuador ranked 102 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $85.7M to Ecuador. The main products exported from Costa Rica to Ecuador were Scrap Iron ($15.2M), Packaged Medicaments ($14M), and Kraft Paper ($9.76M). During the last 27 years the exports of Costa Rica to Ecuador have increased at an annualized rate of 9.21%, from $7.95M in 1995 to $85.7M in 2022.

In 2022, Ecuador exported $46.1M to Costa Rica. The main products exported from Ecuador to Costa Rica were Processed Fish ($7.84M), Refined Petroleum ($7.52M), and Other Uncoated Paper ($4.49M). During the last 27 years the exports of Ecuador to Costa Rica have increased at an annualized rate of 8.56%, from $5.02M in 1995 to $46.1M in 2022.

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

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

Latest Data

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

Costa Rica Exports

Ecuador Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Ecuador
Top Destination
United States$9.86B

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

In 2021, countries that imported more from Costa Rica than Ecuador were Guatemala ($821M), Nicaragua ($593M), and Belgium ($775M).

In 2021, countries that imported more from Ecuador than Costa Rica were China ($6.17B), Panama ($4.97B), and United States ($9.86B).

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

Comparative Advantage Costa Rica - Ecuador

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Ecuador in the exports of Chemical Products ($23.8M), Metals ($19.8M), and Paper Goods ($16.9M).

During 2022, Ecuador had a large net trade with Costa Rica in the exports of Foodstuffs ($10.3M), Mineral Products ($7.52M), and Paper Goods ($5.39M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Costa Rica has comparative advantage over Ecuador. Similarly, the more yellow a dot/product is, the more Ecuador has comparative advantage over Costa Rica.

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

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