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2022
Flag → Flag
Exports $374MRnk 93 / 223
2022
Flag → Flag
Top Product $36.5MCars
2022
Flag → Flag
Exports $270MRnk 14 / 178
2022
Flag → Flag
Top Product $51.3MBananas
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
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GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
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GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Germany-Costa Rica Trade: In 2022, Germany exported $374M to Costa Rica. The main products that Germany exported to Costa Rica were Cars ($36.5M), Copper Wire ($34.1M), and Vaccines, blood, antisera, toxins and cultures ($27.9M). Over the past 5 years the exports of Germany to Costa Rica have increased at an annualized rate of 4.52%, from $300M in 2017 to $374M in 2022.

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

Costa Rica-Germany Trade: In 2022, Costa Rica exported $270M to Germany. The main products that Costa Rica exported to Germany were Bananas ($51.3M), Orthopedic Appliances ($25.9M), and Palm Oil ($24.9M). Over the past 5 years the exports of Costa Rica to Germany have increased at an annualized rate of 4.7%,  from $214M in 2017 to $270M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €34.3M and imported €52.8M from Costa Rica, resulting in a negative trade balance of €18.5M. Between August 2023 and August 2024 the exports of Germany have increased by €6.09M (21.6%) from €28.2M to €34.3M, while imports decreased by €-4.7M (-8.17%) from €57.5M to €52.8M.

Trade In August 2024, the top exports of Germany to Costa Rica were Semi-finished products of copper and copper... (€5.04M), Medical, surgical equipment, orthopaedic apparatus (€3.34M), Motor cars and motor caravans (€2.73M), Measuring and automatical control instruments (€2.34M), and Other chemical final products (€2.05M). In August 2024 the top imports of Germany from Costa Rica were Tropical and subtropical fruits (€23.6M), Medical, surgical equipment, orthopaedic apparatus (€13.5M), Electronic devices (€2.08M), Fruit and vegetable juice (€1.77M), and Articles of plastic (€1.22M).

Origins In August 2024 the exports of Germany were mainly from Bavaria (€5.92M), Hamburg (€5.38M), Baden-Württemberg (€3.99M), North Rhine-Westphalia (€2.65M), and Schleswig-Holstein (€1.26M), while imports destinations were mainly Hamburg (€14.4M), Hesse (€8.87M), North Rhine-Westphalia (€8.32M), Bavaria (€4.65M), and Baden-Württemberg (€4.56M).

Growth In August 2024, the increase in Germany's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Semi-finished products of copper and copper... (€4.78M or 1.83k%), Medical, surgical equipment, orthopaedic apparatus (€2.7M or 423%), and Measuring and automatical control instruments (€944k or 67.6%). In August 2024, the decrease in Germany's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in Tropical and subtropical fruits (€-6.88M or -22.6%), Fruit preparations and canned fruit (€-329k or -31.8%), and Articles of plastic (€-270k or -18.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€6.09M(21.6%)
IMPORT GROWTH (August 2023 - August 2024)€-4.7M(-8.17%)
MAIN EXPORTER (August 2024)Bavaria€5.92M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Costa Rica and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Costa Rica and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $374M to Costa Rica. The main products exported from Germany to Costa Rica were Cars ($36.5M), Copper Wire ($34.1M), and Vaccines, blood, antisera, toxins and cultures ($27.9M). During the last 5 years the exports of Germany to Costa Rica have increased at an annualized rate of 4.52%, from $300M in 2017 to $374M in 2022.

In 2017, Costa Rica exported $270M to Germany. The main products exported from Costa Rica to Germany were Bananas ($51.3M), Orthopedic Appliances ($25.9M), and Palm Oil ($24.9M). During the last 5 years the exports of Costa Rica to Germany have increased at an annualized rate of 4.7%, from $214M in 2022 to $270M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Germany than Costa Rica included United States ($153B), France ($120B), and China ($109B).

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

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

Comparative Advantage Germany - Costa Rica

Flow
Scale

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

During 2022, Germany had a large net trade with Costa Rica in the exports of Chemical Products ($84.3M), Machines ($76.9M), and Metals ($47M).

During 2017, Costa Rica had a large net trade with Germany in the exports of Vegetable Products ($97.6M), Instruments ($60M), and Machines ($43.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Costa Rica+$34.5MCars
Top Product Potential Costa Rica Germany+$33.1MMedical Instruments

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

Product Space of Germany (Flag) and Costa Rica (Flag) (2022)

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