Costa Rica (CRI) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Costa Rica-Uruguay Trade: In 2023, Costa Rica exported $6.28M to Uruguay. The main products that Costa Rica exported to Uruguay were Medical Instruments ($2.91M), Coffee ($720k), and Orthopedic Appliances ($476k). Over the past 5 years the exports of Costa Rica to Uruguay have increased at an annualized rate of 8.01%, from $4.27M in 2018 to $6.28M in 2023.

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

Uruguay-Costa Rica Trade: In 2023, Uruguay exported $49.5M to Costa Rica. The main products that Uruguay exported to Costa Rica were Rice ($27.9M), Other Edible Preparations ($9.18M), and Non-woven Textiles ($1.99M). Over the past 5 years the exports of Uruguay to Costa Rica have increased at an annualized rate of 16%, from $23.6M in 2018 to $49.5M in 2023.

In 2023, Uruguay 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, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $6.28M to Uruguay. The main products exported from Costa Rica to Uruguay were Medical Instruments ($2.91M), Coffee ($720k), and Orthopedic Appliances ($476k). During the last 5 years the exports of Costa Rica to Uruguay have increased at an annualized rate of 8.01%, from $4.27M in 2018 to $6.28M in 2023.

In 2018, Uruguay exported $49.5M to Costa Rica. The main products exported from Uruguay to Costa Rica were Rice ($27.9M), Other Edible Preparations ($9.18M), and Non-woven Textiles ($1.99M). During the last 5 years the exports of Uruguay to Costa Rica have increased at an annualized rate of 16%, from $23.6M in 2023 to $49.5M in 2018.

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

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

Latest Data

Trade between Costa Rica () and Uruguay ()

Costa Rica Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Uruguay
Top DestinationChina$2.34B

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

In 2023, countries that imported more from Costa Rica than Uruguay included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

In 2023, countries that imported more from Uruguay than Costa Rica included Brazil ($1.92B), China ($2.34B), and Argentina ($569M).

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

Comparative Advantage Costa Rica - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Uruguay in the exports of Instruments ($3.41M), Vegetable Products ($781k), and Machines ($476k).

During 2018, Uruguay had a large net trade with Costa Rica in the exports of Vegetable Products ($28.1M), Foodstuffs ($9.79M), and Chemical Products ($7.13M).

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 Uruguay+$1.39MMedical Instruments

Top Product Potential Uruguay Costa Rica+$465kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Uruguay ()

Costa Rica Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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