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Pricing

2022
Flag → Flag
Exports $6.27MRnk 76 / 178
2022
Flag → Flag
Top Product $5.96MMedical Instruments
2022
Flag → Flag
Exports $728kRnk 114 / 166
2022
Flag → Flag
Top Product $402kFloat Glass
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Costa Rica-Nigeria Trade: In 2022, Costa Rica exported $6.27M to Nigeria. The main products that Costa Rica exported to Nigeria were Medical Instruments ($5.96M), Vaccines, blood, antisera, toxins and cultures ($261k), and Orthopedic Appliances ($35.9k). Over the past 5 years the exports of Costa Rica to Nigeria have increased at an annualized rate of 128%, from $101k in 2017 to $6.27M in 2022.

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

Nigeria-Costa Rica Trade: In 2022, Nigeria exported $728k to Costa Rica. The main products that Nigeria exported to Costa Rica were Float Glass ($402k), Ethylene Polymers ($257k), and Cut Flowers ($34.8k). Over the past 5 years the exports of Nigeria to Costa Rica have increased at an annualized rate of 16.9%,  from $44.1k in 2017 to $728k in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $6.27M to Nigeria. The main products exported from Costa Rica to Nigeria were Medical Instruments ($5.96M), Vaccines, blood, antisera, toxins and cultures ($261k), and Orthopedic Appliances ($35.9k). During the last 5 years the exports of Costa Rica to Nigeria have increased at an annualized rate of 128%, from $101k in 2017 to $6.27M in 2022.

In 2017, Nigeria exported $728k to Costa Rica. The main products exported from Nigeria to Costa Rica were Float Glass ($402k), Ethylene Polymers ($257k), and Cut Flowers ($34.8k). During the last 5 years the exports of Nigeria to Costa Rica have increased at an annualized rate of 16.9%, from $44.1k in 2022 to $728k in 2017.

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

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

Latest Data

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

Costa Rica Exports

Date

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Nigeria
Top DestinationSpain$9.41B

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

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

In 2022, countries that imported more from Nigeria than Costa Rica included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

Comparative Advantage Costa Rica - Nigeria

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Nigeria in the exports of Instruments ($5.99M), Chemical Products ($268k), and Machines ($8.78k).

During 2017, Nigeria had a large net trade with Costa Rica in the exports of Stone And Glass ($402k), Plastics and Rubbers ($257k), and Vegetable Products ($61.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Nigeria+$3.65MMedical Instruments
Top Product Potential Nigeria Costa Rica+$189kEthylene Polymers

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

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

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