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2023
Flag → Flag
Exports $15.4MRnk 65 / 172
2023
Flag → Flag
Top Product $10.4MMedical Instruments
2023
Flag → Flag
Exports $8.48MRnk 99 / 206
2023
Flag → Flag
Top Product $1.92MButter
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 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$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

Costa Rica-New Zealand Trade: In 2023, Costa Rica exported $15.4M to New Zealand. The main products that Costa Rica exported to New Zealand were Medical Instruments ($10.4M), Orthopedic Appliances ($2.21M), and Coffee ($495k). Over the past 5 years the exports of Costa Rica to New Zealand have increased at an annualized rate of 10.4%, from $9.35M in 2018 to $15.4M in 2023.

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

New Zealand-Costa Rica Trade: In 2023, New Zealand exported $8.48M to Costa Rica. The main products that New Zealand exported to Costa Rica were Butter ($1.92M), Medical Instruments ($955k), and Kaolin Coated Paper ($867k). Over the past 5 years the exports of New Zealand to Costa Rica have decreased at an annualized rate of 7.36%,  from $12.4M in 2018 to $8.48M in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $15.4M to New Zealand. The main products exported from Costa Rica to New Zealand were Medical Instruments ($10.4M), Orthopedic Appliances ($2.21M), and Coffee ($495k). During the last 5 years the exports of Costa Rica to New Zealand have increased at an annualized rate of 10.4%, from $9.35M in 2018 to $15.4M in 2023.

In 2018, New Zealand exported $8.48M to Costa Rica. The main products exported from New Zealand to Costa Rica were Butter ($1.92M), Medical Instruments ($955k), and Kaolin Coated Paper ($867k). During the last 5 years the exports of New Zealand to Costa Rica have decreased at an annualized rate of 7.36%, from $12.4M in 2023 to $8.48M in 2018.

Exports from Costa Rica (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and New Zealand (Flag)

Costa Rica Exports

New Zealand Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
New Zealand
Top DestinationChina$12.3B

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

In 2023, countries that imported more from Costa Rica than New Zealand included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

In 2023, countries that imported more from New Zealand than Costa Rica included China ($12.3B), Australia ($5.2B), and Japan ($2.62B).

Difference in imports from New Zealand (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - New Zealand

Flow
Scale

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

During 2023, Costa Rica had a large net trade with New Zealand in the exports of Instruments ($12.6M), Vegetable Products ($703k), and Machines ($691k).

During 2018, New Zealand had a large net trade with Costa Rica in the exports of Animal Products ($2.74M), Instruments ($1.74M), and Paper Goods ($871k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica New Zealand+$3.32MMedical Instruments
Top Product Potential New Zealand Costa Rica+$408kMedical Instruments

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

Product Space of Costa Rica (Flag) and New Zealand (Flag) (2023)

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