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2023
Flag → Flag
Exports $504MRnk 11 / 172
2023
Flag → Flag
Top Product $149MBananas
2023
Flag → Flag
Exports $169MRnk 94 / 223
2023
Flag → Flag
Top Product $44.2MCars
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Costa Rica-United Kingdom Trade: In 2023, Costa Rica exported $504M to United Kingdom. The main products that Costa Rica exported to United Kingdom were Bananas ($149M), Orthopedic Appliances ($81.5M), and Tropical Fruits ($72.2M). Over the past 5 years the exports of Costa Rica to United Kingdom have increased at an annualized rate of 10.1%, from $312M in 2018 to $504M in 2023.

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

United Kingdom-Costa Rica Trade: In 2023, United Kingdom exported $169M to Costa Rica. The main products that United Kingdom exported to Costa Rica were Cars ($44.2M), Hard Liquor ($17M), and Packaged Medicaments ($10.8M). Over the past 5 years the exports of United Kingdom to Costa Rica have increased at an annualized rate of 5.86%,  from $127M in 2018 to $169M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $504M to United Kingdom. The main products exported from Costa Rica to United Kingdom were Bananas ($149M), Orthopedic Appliances ($81.5M), and Tropical Fruits ($72.2M). During the last 5 years the exports of Costa Rica to United Kingdom have increased at an annualized rate of 10.1%, from $312M in 2018 to $504M in 2023.

In 2018, United Kingdom exported $169M to Costa Rica. The main products exported from United Kingdom to Costa Rica were Cars ($44.2M), Hard Liquor ($17M), and Packaged Medicaments ($10.8M). During the last 5 years the exports of United Kingdom to Costa Rica have increased at an annualized rate of 5.86%, from $127M in 2023 to $169M in 2018.

Exports from Costa Rica (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and United Kingdom (Flag)

Costa Rica Exports

United Kingdom Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
United Kingdom
Top DestinationUnited States$59.7B

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

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

In 2023, countries that imported more from United Kingdom than Costa Rica included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - United Kingdom

Flow
Scale

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

During 2023, Costa Rica had a large net trade with United Kingdom in the exports of Vegetable Products ($257M), Instruments ($160M), and Foodstuffs ($31.9M).

During 2018, United Kingdom had a large net trade with Costa Rica in the exports of Transportation ($49.7M), Chemical Products ($29.7M), and Machines ($22.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica United Kingdom+$34.8MMedical Instruments
Top Product Potential United Kingdom Costa Rica+$15.6MCars

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 United Kingdom. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and United Kingdom (Flag) (2023)

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