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2023
Flag → Flag
Exports $11.9MRnk 67 / 172
2023
Flag → Flag
Top Product $3.39MElectrical Parts
2023
Flag → Flag
Exports $147MRnk 89 / 213
2023
Flag → Flag
Top Product $48.8MSemi-Finished Iron
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Costa Rica-Indonesia Trade: In 2023, Costa Rica exported $11.9M to Indonesia. The main products that Costa Rica exported to Indonesia were Electrical Parts ($3.39M), Medical Instruments ($2.1M), and Electrical Control Boards ($1.45M). Over the past 5 years the exports of Costa Rica to Indonesia have increased at an annualized rate of 28.1%, from $3.45M in 2018 to $11.9M in 2023.

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

Indonesia-Costa Rica Trade: In 2023, Indonesia exported $147M to Costa Rica. The main products that Indonesia exported to Costa Rica were Semi-Finished Iron ($48.8M), Cars ($48.3M), and Non-fillet Frozen Fish ($6.38M). Over the past 5 years the exports of Indonesia to Costa Rica have increased at an annualized rate of 31.6%,  from $37.2M in 2018 to $147M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $11.9M to Indonesia. The main products exported from Costa Rica to Indonesia were Electrical Parts ($3.39M), Medical Instruments ($2.1M), and Electrical Control Boards ($1.45M). During the last 5 years the exports of Costa Rica to Indonesia have increased at an annualized rate of 28.1%, from $3.45M in 2018 to $11.9M in 2023.

In 2018, Indonesia exported $147M to Costa Rica. The main products exported from Indonesia to Costa Rica were Semi-Finished Iron ($48.8M), Cars ($48.3M), and Non-fillet Frozen Fish ($6.38M). During the last 5 years the exports of Indonesia to Costa Rica have increased at an annualized rate of 31.6%, from $37.2M in 2023 to $147M in 2018.

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

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

Latest Data

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

Costa Rica Exports

Indonesia Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Indonesia
Top DestinationChina$70.7B

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

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

In 2023, countries that imported more from Indonesia than Costa Rica included China ($70.7B), India ($24B), and Japan ($23.7B).

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

Comparative Advantage Costa Rica - Indonesia

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Indonesia in the exports of Machines ($6.62M), Instruments ($3.37M), and Plastics and Rubbers ($444k).

During 2018, Indonesia had a large net trade with Costa Rica in the exports of Transportation ($54.2M), Metals ($49M), and Machines ($8.02M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Indonesia+$3.32MMedical Instruments
Top Product Potential Indonesia Costa Rica+$8.79MCars

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

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

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