2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Ecuador-Costa Rica Trade: In 2022, Ecuador exported $46.1M to Costa Rica. The main products that Ecuador exported to Costa Rica were Processed Fish ($7.84M), Refined Petroleum ($7.52M), and Other Uncoated Paper ($4.49M). Over the past 5 years the exports of Ecuador to Costa Rica have increased at an annualized rate of 7.33%, from $32.4M in 2017 to $46.1M in 2022.

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

Costa Rica-Ecuador Trade: In 2022, Costa Rica exported $85.7M to Ecuador. The main products that Costa Rica exported to Ecuador were Scrap Iron ($15.2M), Packaged Medicaments ($14M), and Kraft Paper ($9.76M). Over the past 5 years the exports of Costa Rica to Ecuador have increased at an annualized rate of 11.7%,  from $49.3M in 2017 to $85.7M in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $46.1M to Costa Rica. The main products exported from Ecuador to Costa Rica were Processed Fish ($7.84M), Refined Petroleum ($7.52M), and Other Uncoated Paper ($4.49M). During the last 5 years the exports of Ecuador to Costa Rica have increased at an annualized rate of 7.33%, from $32.4M in 2017 to $46.1M in 2022.

In 2017, Costa Rica exported $85.7M to Ecuador. The main products exported from Costa Rica to Ecuador were Scrap Iron ($15.2M), Packaged Medicaments ($14M), and Kraft Paper ($9.76M). During the last 5 years the exports of Costa Rica to Ecuador have increased at an annualized rate of 11.7%, from $49.3M in 2022 to $85.7M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Costa Rica
Top Destination
United States$6.83B

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

In 2022, countries that imported more from Ecuador than Costa Rica included China ($6.17B), Panama ($4.97B), and United States ($9.86B).

In 2022, countries that imported more from Costa Rica than Ecuador included Guatemala ($821M), Nicaragua ($593M), and Belgium ($775M).

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

Comparative Advantage Ecuador - Costa Rica

Flow
Scale

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

During 2022, Ecuador had a large net trade with Costa Rica in the exports of N/A.

During 2017, Costa Rica had a large net trade with Ecuador in the exports of Chemical Products ($23.8M), Metals ($19.8M), and Paper Goods ($16.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Costa Rica+$1.56MProcessed Fish
Top Product Potential Costa Rica Ecuador+$1.37MMedical 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 Ecuador and Costa Rica. This means that a dot/product with the flag of Ecuador 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 Ecuador.

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

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