Costa Rica (CRI) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Costa Rica-Georgia Trade: In 2022, Costa Rica exported $1.07M to Georgia. The main products that Costa Rica exported to Georgia were Bananas ($564k), Pesticides ($326k), and Tropical Fruits ($113k). Over the past 5 years the exports of Costa Rica to Georgia have increased at an annualized rate of 24.6%, from $356k in 2017 to $1.07M in 2022.

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

Georgia-Costa Rica Trade: In 2022, Georgia exported $625k to Costa Rica. The main products that Georgia exported to Costa Rica were Packaged Medicaments ($291k), Nitrogenous Fertilizers ($256k), and Medical Instruments ($35.6k). Over the past 5 years the exports of Georgia to Costa Rica have increased at an annualized rate of 24.7%, from $28.6k in 2017 to $625k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $1.07M to Georgia. The main products exported from Costa Rica to Georgia were Bananas ($564k), Pesticides ($326k), and Tropical Fruits ($113k). During the last 5 years the exports of Costa Rica to Georgia have increased at an annualized rate of 24.6%, from $356k in 2017 to $1.07M in 2022.

In 2017, Georgia exported $625k to Costa Rica. The main products exported from Georgia to Costa Rica were Packaged Medicaments ($291k), Nitrogenous Fertilizers ($256k), and Medical Instruments ($35.6k). During the last 5 years the exports of Georgia to Costa Rica have increased at an annualized rate of 24.7%, from $28.6k in 2022 to $625k in 2017.

Exports from Costa Rica () to Georgia () (2022)

Exports from Georgia () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Georgia ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Costa Rica than Georgia included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2022, countries that imported more from Georgia than Costa Rica included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

Difference in imports from Georgia () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Georgia in the exports of N/A.

During 2017, Georgia had a large net trade with Costa Rica in the exports of Chemical Products ($549k), Instruments ($35.9k), and Foodstuffs ($26.1k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Georgia+$132kPesticides

Top Product Potential Georgia Costa Rica+$112kPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Georgia () (2022)

Exports from Georgia () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Georgia ()

Georgia Exports

Market Competitiveness

Difference in imports from Georgia () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Georgia () (2022)

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