2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
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GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
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 GDP
$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH
46.1%CURRENT US$
Rnk 74 / 186
2022
Flag
GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC
$21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH
57.8%CURRENT US$
Rnk 30 / 186

About

Costa Rica-Latvia In 2022, Costa Rica exported $908k to Latvia. The main products that Costa Rica exported to Latvia are Coffee ($292k), Scrap Plastic ($274k), and Optical Fibers and optical fibre bundles ($202k). During the last 27 years the exports of Costa Rica to Latvia have increased at an annualized rate of 1.82%, from $559k in 1995 to $908k in 2022.

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

Latvia-Costa Rica In 2022, Latvia exported $2.36M to Costa Rica. The main products that Latvia exported to Costa Rica were Broadcasting Equipment ($655k), Peat ($513k), and Industrial Fatty Acids, Oils and Alcohols ($376k). During the last 27 years the exports of Latvia to Costa Rica have decreased at an annualized rate of 1.06%, from $3.14M in 1995 to $2.36M in 2022.

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

Comparison In 2022,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31),  and 82 in total exports ($17.2B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $908k to Latvia. The main products exported from Costa Rica to Latvia were Coffee ($292k), Scrap Plastic ($274k), and Optical Fibers and optical fibre bundles ($202k). During the last 27 years the exports of Costa Rica to Latvia have increased at an annualized rate of 1.82%, from $559k in 1995 to $908k in 2022.

In 2022, Latvia exported $2.36M to Costa Rica. The main products exported from Latvia to Costa Rica were Broadcasting Equipment ($655k), Peat ($513k), and Industrial Fatty Acids, Oils and Alcohols ($376k). During the last 24 years the exports of Latvia to Costa Rica have decreased at an annualized rate of 1.06%, from $3.14M in 1998 to $2.36M in 2022.

Exports from Costa Rica (Flag) to Latvia (Flag) (2022)

Exports from Latvia (Flag) to Costa Rica (Flag) (2022)

Latest Data

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

Costa Rica Exports

Latvia Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Latvia
Top Destination
Lithuania$4.09B

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

In 2021, countries that imported more from Costa Rica than Latvia were United States ($6.83B), Guatemala ($821M), and Nicaragua ($593M).

In 2021, countries that imported more from Latvia than Costa Rica were Lithuania ($4.09B), Estonia ($2.26B), and Russia ($1.26B).

Difference in imports from Latvia (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Latvia

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Latvia in the exports of Vegetable Products ($292k), Plastics and Rubbers ($276k), and Instruments ($204k).

During 2022, Latvia had a large net trade with Costa Rica in the exports of Machines ($882k), Chemical Products ($592k), and Mineral Products ($513k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Costa Rica has comparative advantage over Latvia. Similarly, the more yellow a dot/product is, the more Latvia has comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and Latvia (Flag) (2022)

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