Costa Rica (CRI) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Costa Rica-Hungary Trade: In 2022, Costa Rica exported $42.5M to Hungary. The main products that Costa Rica exported to Hungary were Optical Fibers and optical fibre bundles ($26.2M), Other Plastic Products ($15.6M), and Bandages ($155k). Over the past 5 years the exports of Costa Rica to Hungary have increased at an annualized rate of 112%, from $986k in 2017 to $42.5M in 2022.

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

Hungary-Costa Rica Trade: In 2022, Hungary exported $57.5M to Costa Rica. The main products that Hungary exported to Costa Rica were Cars ($16.4M), Other Plastic Products ($5.55M), and Raw Plastic Sheeting ($5.45M). Over the past 5 years the exports of Hungary to Costa Rica have increased at an annualized rate of 10.4%, from $35.1M in 2017 to $57.5M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $42.5M to Hungary. The main products exported from Costa Rica to Hungary were Optical Fibers and optical fibre bundles ($26.2M), Other Plastic Products ($15.6M), and Bandages ($155k). During the last 5 years the exports of Costa Rica to Hungary have increased at an annualized rate of 112%, from $986k in 2017 to $42.5M in 2022.

In 2017, Hungary exported $57.5M to Costa Rica. The main products exported from Hungary to Costa Rica were Cars ($16.4M), Other Plastic Products ($5.55M), and Raw Plastic Sheeting ($5.45M). During the last 5 years the exports of Hungary to Costa Rica have increased at an annualized rate of 10.4%, from $35.1M in 2022 to $57.5M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Hungary ()

Costa Rica Exports

Date

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Costa Rica than Hungary included United States ($6.83B), Guatemala ($821M), and Nicaragua ($593M).

In 2022, countries that imported more from Hungary than Costa Rica included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage Costa Rica - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Hungary in the exports of Instruments ($26.3M), Plastics and Rubbers ($15.6M), and Chemical Products ($206k).

During 2017, Hungary had a large net trade with Costa Rica in the exports of Plastics and Rubbers ($18.9M), Transportation ($16.9M), and Chemical Products ($7.18M).

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 Hungary+$707kMedical Instruments

Top Product Potential Hungary Costa Rica+$8.62MCars

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Hungary ()

Costa Rica Exports

Hungary Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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