Costa Rica (CRI) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Costa Rica-Norway Trade: In 2022, Costa Rica exported $45.2M to Norway. The main products that Costa Rica exported to Norway were Bananas ($19.7M), Medical Instruments ($7.39M), and Orthopedic Appliances ($5.3M). Over the past 5 years the exports of Costa Rica to Norway have increased at an annualized rate of 3.22%, from $38.6M in 2017 to $45.2M in 2022.

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

Norway-Costa Rica Trade: In 2022, Norway exported $31.9M to Costa Rica. The main products that Norway exported to Costa Rica were Mixed Mineral or Chemical Fertilizers ($26.2M), Nitrogenous Fertilizers ($2.19M), and Packaged Medicaments ($721k). Over the past 5 years the exports of Norway to Costa Rica have increased at an annualized rate of 55.8%, from $3.48M in 2017 to $31.9M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $45.2M to Norway. The main products exported from Costa Rica to Norway were Bananas ($19.7M), Medical Instruments ($7.39M), and Orthopedic Appliances ($5.3M). During the last 5 years the exports of Costa Rica to Norway have increased at an annualized rate of 3.22%, from $38.6M in 2017 to $45.2M in 2022.

In 2017, Norway exported $31.9M to Costa Rica. The main products exported from Norway to Costa Rica were Mixed Mineral or Chemical Fertilizers ($26.2M), Nitrogenous Fertilizers ($2.19M), and Packaged Medicaments ($721k). During the last 5 years the exports of Norway to Costa Rica have increased at an annualized rate of 55.8%, from $3.48M in 2022 to $31.9M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Norway ()

Costa Rica Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Norway
Top DestinationGermany$78.1B

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

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

In 2022, countries that imported more from Norway than Costa Rica included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Costa Rica - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Norway in the exports of Vegetable Products ($27.5M), Instruments ($13.2M), and Plastics and Rubbers ($1.49M).

During 2017, Norway had a large net trade with Costa Rica in the exports of Chemical Products ($29.4M), Animal Products ($1.14M), and Instruments ($360k).

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 Norway+$5.68MMedical Instruments

Top Product Potential Norway Costa Rica+$885kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Norway ()

Costa Rica Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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