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2023
Flag → Flag
Exports $2.87MRnk 94 / 172
2023
Flag → Flag
Top Product $566kLifting Machinery
2023
Flag → Flag
Exports $30kRnk 133 / 156
2023
Flag → Flag
Top Product $25.7kRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.51Rnk 87 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH63.1%CURRENT US$
Rnk 46 / 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$1,706CURRENT US$
Rnk 162 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 92 / 195

About

Costa Rica-Senegal Trade: In 2023, Costa Rica exported $2.87M to Senegal. The main products that Costa Rica exported to Senegal were Lifting Machinery ($566k), Other Plastic Products ($451k), and Insulated Wire ($390k). Over the past 5 years the exports of Costa Rica to Senegal have increased at an annualized rate of 23.2%, from $1.01M in 2018 to $2.87M in 2023.

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

Senegal-Costa Rica Trade: In 2023, Senegal exported $30k to Costa Rica. The main products that Senegal exported to Costa Rica were Refined Petroleum ($25.7k), Antiknock ($972), and Synthetic Coloring Matter ($871). Over the past 5 years the exports of Senegal to Costa Rica have decreased at an annualized rate of 48.8%,  from $849k in 2018 to $30k in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $2.87M to Senegal. The main products exported from Costa Rica to Senegal were Lifting Machinery ($566k), Other Plastic Products ($451k), and Insulated Wire ($390k). During the last 5 years the exports of Costa Rica to Senegal have increased at an annualized rate of 23.2%, from $1.01M in 2018 to $2.87M in 2023.

In 2018, Senegal exported $30k to Costa Rica. The main products exported from Senegal to Costa Rica were Refined Petroleum ($25.7k), Antiknock ($972), and Synthetic Coloring Matter ($871). During the last 5 years the exports of Senegal to Costa Rica have decreased at an annualized rate of 48.8%, from $849k in 2023 to $30k in 2018.

Exports from Costa Rica (Flag) to Senegal (Flag) (2023)

Exports from Senegal (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and Senegal (Flag)

Senegal Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Senegal
Top DestinationMali$1.22B

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

In 2023, countries that imported more from Costa Rica than Senegal included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

In 2023, countries that imported more from Senegal than Costa Rica included Mali ($1.22B), India ($681M), and Switzerland ($625M).

Difference in imports from Senegal (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Senegal

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Senegal in the exports of Machines ($1.13M), Plastics and Rubbers ($737k), and Metals ($388k).

During 2018, Senegal had a large net trade with Costa Rica in the exports of Mineral Products ($25.7k), Chemical Products ($1.84k), and Textiles ($1.74k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Senegal+$119kMedical Instruments
Top Product Potential Senegal Costa Rica+$13.1kLow-voltage Protection Equipment

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

Product Space of Costa Rica (Flag) and Senegal (Flag) (2023)

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