2023
Flag  
GDP
$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH
69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP
$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH
-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC 
$16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH
56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC
$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 95 / 195

About

Costa Rica-Ukraine Trade: In 2023, Costa Rica exported $51.2M to Ukraine. The main products that Costa Rica exported to Ukraine were Bananas ($34.6M), Tropical Fruits ($8.21M), and Medical Instruments ($5.07M). Over the past 5 years the exports of Costa Rica to Ukraine have decreased at an annualized rate of 1.23%, from $54.5M in 2018 to $51.2M in 2023.

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

Ukraine-Costa Rica Trade: In 2023, Ukraine exported $7.23M to Costa Rica. The main products that Ukraine exported to Costa Rica were Seed Oils ($3.84M), Sowing Seeds ($716k), and Insulated Wire ($645k). Over the past 5 years the exports of Ukraine to Costa Rica have decreased at an annualized rate of 36.2%,  from $68.4M in 2018 to $7.23M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $51.2M to Ukraine. The main products exported from Costa Rica to Ukraine were Bananas ($34.6M), Tropical Fruits ($8.21M), and Medical Instruments ($5.07M). During the last 5 years the exports of Costa Rica to Ukraine have decreased at an annualized rate of 1.23%, from $54.5M in 2018 to $51.2M in 2023.

In 2018, Ukraine exported $7.23M to Costa Rica. The main products exported from Ukraine to Costa Rica were Seed Oils ($3.84M), Sowing Seeds ($716k), and Insulated Wire ($645k). During the last 5 years the exports of Ukraine to Costa Rica have decreased at an annualized rate of 36.2%, from $68.4M in 2023 to $7.23M in 2018.

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

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

Latest Data

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

Costa Rica Exports

Ukraine Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$9.5B
Ukraine
Top Destination
Poland$4.83B

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

In 2023, countries that imported more from Costa Rica than Ukraine included United States ($9.5B), Guatemala ($846M), and Nicaragua ($661M).

In 2023, countries that imported more from Ukraine than Costa Rica included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

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

Comparative Advantage Costa Rica - Ukraine

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Ukraine in the exports of Vegetable Products ($43.5M), Instruments ($5.66M), and Foodstuffs ($681k).

During 2018, Ukraine had a large net trade with Costa Rica in the exports of Animal and Vegetable Bi-Products ($3.84M), Vegetable Products ($1.8M), and Machines ($761k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Ukraine+$484kBananas
Top Product Potential Ukraine Costa Rica+$721kSeed Oils

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

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

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