Costa Rica (CRI) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Costa Rica-Saudi Arabia Trade: In 2023, Costa Rica exported $104M to Saudi Arabia. The main products that Costa Rica exported to Saudi Arabia were Other Fruits ($30.2M), Bananas ($27.4M), and Medical Instruments ($22.8M). Over the past 5 years the exports of Costa Rica to Saudi Arabia have increased at an annualized rate of 31.5%, from $26.4M in 2018 to $104M in 2023.

In 2023, Costa Rica did not export any services to Saudi Arabia.

Saudi Arabia-Costa Rica Trade: In 2023, Saudi Arabia exported $153M to Costa Rica. The main products that Saudi Arabia exported to Costa Rica were Refined Petroleum ($141M), Propylene Polymers ($3.75M), and Other Uncoated Paper ($3.3M). Over the past 5 years the exports of Saudi Arabia to Costa Rica have increased at an annualized rate of 90.9%, from $6.02M in 2018 to $153M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $104M to Saudi Arabia. The main products exported from Costa Rica to Saudi Arabia were Other Fruits ($30.2M), Bananas ($27.4M), and Medical Instruments ($22.8M). During the last 5 years the exports of Costa Rica to Saudi Arabia have increased at an annualized rate of 31.5%, from $26.4M in 2018 to $104M in 2023.

In 2018, Saudi Arabia exported $153M to Costa Rica. The main products exported from Saudi Arabia to Costa Rica were Refined Petroleum ($141M), Propylene Polymers ($3.75M), and Other Uncoated Paper ($3.3M). During the last 5 years the exports of Saudi Arabia to Costa Rica have increased at an annualized rate of 90.9%, from $6.02M in 2023 to $153M in 2018.

Exports from Costa Rica () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Saudi Arabia ()

Costa Rica Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from Costa Rica than Saudi Arabia included Guatemala ($846M), Nicaragua ($661M), and Panama ($585M).

In 2023, countries that imported more from Saudi Arabia than Costa Rica included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Saudi Arabia in the exports of Vegetable Products ($63.5M), Instruments ($35.7M), and Chemical Products ($1.71M).

During 2018, Saudi Arabia had a large net trade with Costa Rica in the exports of Mineral Products ($141M), Plastics and Rubbers ($5.59M), and Paper Goods ($3.94M).

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 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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Saudi Arabia ()

Costa Rica Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Saudi Arabia () (2023)

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