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Pricing

2023
Flag → Flag
Exports $93.7kRnk 138 / 172
2023
Flag → Flag
Top Product $30.2kKnit Men's Suits
2023
Flag → Flag
Exports $18.2kRnk 151 / 172
2023
Flag → Flag
Top Product $17.6kIce Cream
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 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$2,260CURRENT US$
Rnk 152 / 196
2013-2023
Flag
GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195

About

Costa Rica-Ghana Trade: In 2023, Costa Rica exported $93.7k to Ghana. The main products that Costa Rica exported to Ghana were Knit Men's Suits ($30.2k), Electrical Power Accessories ($23.7k), and Rubber Tires ($17.4k). Over the past 5 years the exports of Costa Rica to Ghana have decreased at an annualized rate of 1.12%, from $99.2k in 2018 to $93.7k in 2023.

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

Ghana-Costa Rica Trade: In 2023, Ghana exported $18.2k to Costa Rica. The main products that Ghana exported to Costa Rica were Ice Cream ($17.6k), Other Cloth Articles ($369), and Hand Saws ($121). Over the past 5 years the exports of Ghana to Costa Rica have increased at an annualized rate of 36.3%,  from $3.86k in 2018 to $18.2k in 2023.

In 2023, Ghana 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, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $93.7k to Ghana. The main products exported from Costa Rica to Ghana were Knit Men's Suits ($30.2k), Electrical Power Accessories ($23.7k), and Rubber Tires ($17.4k). During the last 5 years the exports of Costa Rica to Ghana have decreased at an annualized rate of 1.12%, from $99.2k in 2018 to $93.7k in 2023.

In 2018, Ghana exported $18.2k to Costa Rica. The main products exported from Ghana to Costa Rica were Ice Cream ($17.6k), Other Cloth Articles ($369), and Hand Saws ($121). During the last 5 years the exports of Ghana to Costa Rica have increased at an annualized rate of 36.3%, from $3.86k in 2023 to $18.2k in 2018.

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

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

Latest Data

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

Costa Rica Exports

Date

Ghana Exports

Date

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Costa Rica than Ghana included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

In 2023, countries that imported more from Ghana than Costa Rica included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

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

Comparative Advantage Costa Rica - Ghana

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Ghana in the exports of Machines ($38.9k), Textiles ($30.3k), and Plastics and Rubbers ($17.4k).

During 2018, Ghana had a large net trade with Costa Rica in the exports of Foodstuffs ($17.6k), Textiles ($388), and Metals ($121).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Ghana+$82.9kOther Plastic Products
Top Product Potential Ghana Costa Rica+$3.2kRefined 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 Ghana. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Costa Rica.

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

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