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2022
Flag → Flag
Exports $79.2MRnk 29 / 178
2022
Flag → Flag
Top Product $24.4MBananas
2022
Flag → Flag
Exports $126MRnk 122 / 219
2022
Flag → Flag
Top Product $35.6MOther Steel Bars
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Costa Rica-Turkey Trade: In 2022, Costa Rica exported $79.2M to Turkey. The main products that Costa Rica exported to Turkey were Bananas ($24.4M), Medical Instruments ($23.7M), and Tropical Fruits ($12M). Over the past 5 years the exports of Costa Rica to Turkey have increased at an annualized rate of 6.34%, from $58.2M in 2017 to $79.2M in 2022.

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

Turkey-Costa Rica Trade: In 2022, Turkey exported $126M to Costa Rica. The main products that Turkey exported to Costa Rica were Other Steel Bars ($35.6M), Raw Iron Bars ($31.2M), and Steel Wire ($4.51M). Over the past 5 years the exports of Turkey to Costa Rica have increased at an annualized rate of 4.71%,  from $72.4M in 2017 to $126M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $79.2M to Turkey. The main products exported from Costa Rica to Turkey were Bananas ($24.4M), Medical Instruments ($23.7M), and Tropical Fruits ($12M). During the last 5 years the exports of Costa Rica to Turkey have increased at an annualized rate of 6.34%, from $58.2M in 2017 to $79.2M in 2022.

In 2017, Turkey exported $126M to Costa Rica. The main products exported from Turkey to Costa Rica were Other Steel Bars ($35.6M), Raw Iron Bars ($31.2M), and Steel Wire ($4.51M). During the last 5 years the exports of Turkey to Costa Rica have increased at an annualized rate of 4.71%, from $72.4M in 2022 to $126M in 2017.

Exports from Costa Rica (Flag) to Turkey (Flag) (2022)

Exports from Turkey (Flag) to Costa Rica (Flag) (2022)

Latest Data

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

Costa Rica Exports

Turkey Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Turkey
Top DestinationGermany$21.9B

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 2022, countries that imported more from Costa Rica than Turkey included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

In 2022, countries that imported more from Turkey than Costa Rica included Germany ($21.9B), Iraq ($13.7B), and United Kingdom ($13.7B).

Difference in imports from Turkey (Flag) and Costa Rica (Flag) (2022)

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 2022, Costa Rica had a large net trade with Turkey in the exports of Vegetable Products ($37.3M), Instruments ($33.8M), and Machines ($3.64M).

During 2017, Turkey had a large net trade with Costa Rica in the exports of Metals ($86.7M), Machines ($8.96M), and Textiles ($7.04M).

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) (2022)

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