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2023
Flag → Flag
Exports $65.6MRnk 38 / 172
2023
Flag → Flag
Top Product $24.5MMedical Instruments
2023
Flag → Flag
Exports $134MRnk 118 / 216
2023
Flag → Flag
Top Product $57.2MOther Steel Bars
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Costa Rica-Turkey Trade: In 2023, Costa Rica exported $65.6M to Turkey. The main products that Costa Rica exported to Turkey were Medical Instruments ($24.5M), Orthopedic Appliances ($12.7M), and Tropical Fruits ($8.55M). Over the past 5 years the exports of Costa Rica to Turkey have increased at an annualized rate of 7.95%, from $44.8M in 2018 to $65.6M in 2023.

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

Turkey-Costa Rica Trade: In 2023, Turkey exported $134M to Costa Rica. The main products that Turkey exported to Costa Rica were Other Steel Bars ($57.2M), Raw Iron Bars ($9.22M), and Iron Blocks ($4.56M). Over the past 5 years the exports of Turkey to Costa Rica have increased at an annualized rate of 9.57%,  from $85M in 2018 to $134M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $65.6M to Turkey. The main products exported from Costa Rica to Turkey were Medical Instruments ($24.5M), Orthopedic Appliances ($12.7M), and Tropical Fruits ($8.55M). During the last 5 years the exports of Costa Rica to Turkey have increased at an annualized rate of 7.95%, from $44.8M in 2018 to $65.6M in 2023.

In 2018, Turkey exported $134M to Costa Rica. The main products exported from Turkey to Costa Rica were Other Steel Bars ($57.2M), Raw Iron Bars ($9.22M), and Iron Blocks ($4.56M). During the last 5 years the exports of Turkey to Costa Rica have increased at an annualized rate of 9.57%, from $85M in 2023 to $134M in 2018.

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

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

Latest Data

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

Costa Rica Exports

Turkey Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Costa Rica than Turkey included Guatemala ($846M), Nicaragua ($661M), and Honduras ($575M).

In 2023, countries that imported more from Turkey than Costa Rica included Germany ($24.7B), United Arab Emirates ($14.7B), and United Kingdom ($15.1B).

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

Comparative Advantage Costa Rica - Turkey

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Turkey in the exports of Instruments ($37.8M), Vegetable Products ($17.2M), and Machines ($4.58M).

During 2018, Turkey had a large net trade with Costa Rica in the exports of Metals ($82.3M), Machines ($12M), and Textiles ($9.28M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Turkey+$16.1MMedical Instruments
Top Product Potential Turkey Costa Rica+$1.35MIron Structures

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

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

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