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Pricing

2022
Flag → Flag
Exports $35.3MRnk 45 / 178
2022
Flag → Flag
Top Product $28.8MBananas
2022
Flag → Flag
Exports $11.4MRnk 101 / 138
2022
Flag → Flag
Top Product $6.87MPropylene Polymers
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Costa Rica-Saudi Arabia Trade: In 2022, Costa Rica exported $35.3M to Saudi Arabia. The main products that Costa Rica exported to Saudi Arabia were Bananas ($28.8M), Medical Instruments ($3.04M), and Coffee ($3M). Over the past 5 years the exports of Costa Rica to Saudi Arabia have increased at an annualized rate of 11.9%, from $20.2M in 2017 to $35.3M in 2022.

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

Saudi Arabia-Costa Rica Trade: In 2022, Saudi Arabia exported $11.4M to Costa Rica. The main products that Saudi Arabia exported to Costa Rica were Propylene Polymers ($6.87M), Other Uncoated Paper ($3.33M), and Ethylene Polymers ($576k). Over the past 5 years the exports of Saudi Arabia to Costa Rica have increased at an annualized rate of 26.7%,  from $3.49M in 2017 to $11.4M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $35.3M to Saudi Arabia. The main products exported from Costa Rica to Saudi Arabia were Bananas ($28.8M), Medical Instruments ($3.04M), and Coffee ($3M). During the last 5 years the exports of Costa Rica to Saudi Arabia have increased at an annualized rate of 11.9%, from $20.2M in 2017 to $35.3M in 2022.

In 2017, Saudi Arabia exported $11.4M to Costa Rica. The main products exported from Saudi Arabia to Costa Rica were Propylene Polymers ($6.87M), Other Uncoated Paper ($3.33M), and Ethylene Polymers ($576k). During the last 5 years the exports of Saudi Arabia to Costa Rica have increased at an annualized rate of 26.7%, from $3.49M in 2022 to $11.4M in 2017.

Exports from Costa Rica (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Costa Rica (Flag) (2022)

Latest Data

Trade between Costa Rica (Flag) and Saudi Arabia (Flag)

Costa Rica Exports

Saudi Arabia Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Costa Rica than Saudi Arabia included Guatemala ($821M), Nicaragua ($593M), and Panama ($564M).

In 2022, countries that imported more from Saudi Arabia than Costa Rica included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Saudi Arabia

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Saudi Arabia in the exports of Vegetable Products ($32.2M), Instruments ($3.04M), and Foodstuffs ($77.3k).

During 2017, Saudi Arabia had a large net trade with Costa Rica in the exports of Plastics and Rubbers ($7.57M), Paper Goods ($3.33M), and Chemical Products ($314k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Saudi Arabia+$5.88MMedical Instruments
Top Product Potential Saudi Arabia Costa Rica+$1.35MEthylene 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 Saudi Arabia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and Saudi Arabia (Flag) (2022)

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