Costa Rica (CRI) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Costa Rica-Romania Trade: In 2022, Costa Rica exported $15.3M to Romania. The main products that Costa Rica exported to Romania were Bananas ($13M), Other Plastic Products ($839k), and Coffee ($527k). Over the past 5 years the exports of Costa Rica to Romania have increased at an annualized rate of 43.4%, from $2.52M in 2017 to $15.3M in 2022.

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

Romania-Costa Rica Trade: In 2022, Romania exported $4.46M to Costa Rica. The main products that Romania exported to Costa Rica were Wood Fiberboard ($481k), Processed Tobacco ($421k), and Lifting Machinery ($356k). Over the past 5 years the exports of Romania to Costa Rica have increased at an annualized rate of 2.69%, from $3.91M in 2017 to $4.46M in 2022.

In 2022, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $15.3M to Romania. The main products exported from Costa Rica to Romania were Bananas ($13M), Other Plastic Products ($839k), and Coffee ($527k). During the last 5 years the exports of Costa Rica to Romania have increased at an annualized rate of 43.4%, from $2.52M in 2017 to $15.3M in 2022.

In 2017, Romania exported $4.46M to Costa Rica. The main products exported from Romania to Costa Rica were Wood Fiberboard ($481k), Processed Tobacco ($421k), and Lifting Machinery ($356k). During the last 5 years the exports of Romania to Costa Rica have increased at an annualized rate of 2.69%, from $3.91M in 2022 to $4.46M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Romania ()

Costa Rica Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Romania
Top DestinationGermany$18.8B

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

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

In 2022, countries that imported more from Romania than Costa Rica included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Comparative Advantage Costa Rica - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Romania in the exports of Vegetable Products ($13.6M), Plastics and Rubbers ($906k), and Metals ($591k).

During 2017, Romania had a large net trade with Costa Rica in the exports of Machines ($1.38M), Wood Products ($524k), and Instruments ($513k).

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 Romania+$1.06MCoffee

Top Product Potential Romania Costa Rica+$560kPackaged 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 Romania. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Romania ()

Costa Rica Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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