Costa Rica (CRI) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Costa Rica-Thailand Trade: In 2023, Costa Rica exported $34.8M to Thailand. The main products that Costa Rica exported to Thailand were Scrap Iron ($7.45M), Orthopedic Appliances ($4.21M), and Scrap Aluminium ($3.16M). Over the past 5 years the exports of Costa Rica to Thailand have decreased at an annualized rate of 3.48%, from $41.6M in 2018 to $34.8M in 2023.

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

Thailand-Costa Rica Trade: In 2023, Thailand exported $200M to Costa Rica. The main products that Thailand exported to Costa Rica were Cars ($55.7M), Delivery Trucks ($35.1M), and Office Machine Parts ($19.7M). Over the past 5 years the exports of Thailand to Costa Rica have increased at an annualized rate of 12.4%, from $111M in 2018 to $200M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $34.8M to Thailand. The main products exported from Costa Rica to Thailand were Scrap Iron ($7.45M), Orthopedic Appliances ($4.21M), and Scrap Aluminium ($3.16M). During the last 5 years the exports of Costa Rica to Thailand have decreased at an annualized rate of 3.48%, from $41.6M in 2018 to $34.8M in 2023.

In 2018, Thailand exported $200M to Costa Rica. The main products exported from Thailand to Costa Rica were Cars ($55.7M), Delivery Trucks ($35.1M), and Office Machine Parts ($19.7M). During the last 5 years the exports of Thailand to Costa Rica have increased at an annualized rate of 12.4%, from $111M in 2023 to $200M in 2018.

Exports from Costa Rica () to Thailand () (2023)

Exports from Thailand () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Thailand ()

Costa Rica Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Costa Rica included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Thailand in the exports of Metals ($12M), Instruments ($8.6M), and Machines ($6.24M).

During 2018, Thailand had a large net trade with Costa Rica in the exports of Transportation ($97.3M), Machines ($48.2M), and Metals ($19.2M).

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 Thailand+$5.69MMedical Instruments

Top Product Potential Thailand Costa Rica+$9.31MCars

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

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Thailand () (2023)

Exports from Thailand () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Thailand ()

Costa Rica Exports

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Thailand () (2023)

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