Costa Rica (CRI) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Costa Rica-Russia Trade: In 2022, Costa Rica exported $24.4M to Russia. The main products that Costa Rica exported to Russia were Tropical Fruits ($22.4M), Bananas ($513k), and Raw Sugar ($421k). Over the past 5 years the exports of Costa Rica to Russia have decreased at an annualized rate of 23.5%, from $92.8M in 2017 to $24.4M in 2022.

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

Russia-Costa Rica Trade: In 2022, Russia exported $97.7M to Costa Rica. The main products that Russia exported to Costa Rica were Nitrogenous Fertilizers ($57.1M), Mixed Mineral or Chemical Fertilizers ($11.2M), and Potassic Fertilizers ($9.7M). Over the past 5 years the exports of Russia to Costa Rica have increased at an annualized rate of 14.3%, from $43.9M in 2017 to $97.7M in 2022.

In 2020, Russia exported services to Costa Rica worth $296k, with Transportation ($124k), Computer and information services ($93k), and Other business services ($69k) being the largest in terms of value.

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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $24.4M to Russia. The main products exported from Costa Rica to Russia were Tropical Fruits ($22.4M), Bananas ($513k), and Raw Sugar ($421k). During the last 5 years the exports of Costa Rica to Russia have decreased at an annualized rate of 23.5%, from $92.8M in 2017 to $24.4M in 2022.

In 2017, Russia exported $97.7M to Costa Rica. The main products exported from Russia to Costa Rica were Nitrogenous Fertilizers ($57.1M), Mixed Mineral or Chemical Fertilizers ($11.2M), and Potassic Fertilizers ($9.7M). During the last 5 years the exports of Russia to Costa Rica have increased at an annualized rate of 14.3%, from $43.9M in 2022 to $97.7M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Russia ()

Costa Rica Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Costa Rica than Russia included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

In 2022, countries that imported more from Russia than Costa Rica included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Costa Rica - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Russia in the exports of Vegetable Products ($23.2M), Foodstuffs ($1.1M), and Plastics and Rubbers ($48.9k).

During 2017, Russia had a large net trade with Costa Rica in the exports of Chemical Products ($80.3M), Metals ($12.6M), and Paper Goods ($1.88M).

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 Russia+$2.79MTropical Fruits

Top Product Potential Russia Costa Rica+$4.42MMixed Mineral or Chemical Fertilizers

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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Costa Rica worth $296k, with Transportation ($124k), Computer and information services ($93k), and Other business services ($69k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Costa Rica () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Russia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Russia ()

Costa Rica Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Costa Rica () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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