Finland (FIN) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

About

Finland-Costa Rica Trade: In 2022, Finland exported $27M to Costa Rica. The main products that Finland exported to Costa Rica were Mixed Mineral or Chemical Fertilizers ($5.84M), Other Uncoated Paper ($5.1M), and Kraft Paper ($2.55M). Over the past 5 years the exports of Finland to Costa Rica have increased at an annualized rate of 20.4%, from $10.7M in 2017 to $27M in 2022.

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

Costa Rica-Finland Trade: In 2022, Costa Rica exported $37.6M to Finland. The main products that Costa Rica exported to Finland were Bananas ($20.9M), Low-voltage Protection Equipment ($3.47M), and Coffee ($2.34M). Over the past 5 years the exports of Costa Rica to Finland have decreased at an annualized rate of 15%, from $84.9M in 2017 to $37.6M in 2022.

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

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $27M to Costa Rica. The main products exported from Finland to Costa Rica were Mixed Mineral or Chemical Fertilizers ($5.84M), Other Uncoated Paper ($5.1M), and Kraft Paper ($2.55M). During the last 5 years the exports of Finland to Costa Rica have increased at an annualized rate of 20.4%, from $10.7M in 2017 to $27M in 2022.

In 2017, Costa Rica exported $37.6M to Finland. The main products exported from Costa Rica to Finland were Bananas ($20.9M), Low-voltage Protection Equipment ($3.47M), and Coffee ($2.34M). During the last 5 years the exports of Costa Rica to Finland have decreased at an annualized rate of 15%, from $84.9M in 2022 to $37.6M in 2017.

Exports from Finland () to Costa Rica () (2022)

Exports from Costa Rica () to Finland () (2022)

Latest Data

Trade between Finland () and Costa Rica ()

Finland Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Finland than Costa Rica included Germany ($9.99B), Sweden ($9.1B), and Netherlands ($5.88B).

In 2022, countries that imported more from Costa Rica than Finland included Guatemala ($821M), Nicaragua ($593M), and Panama ($564M).

Difference in imports from Costa Rica () and Finland () (2022)

Comparative Advantage Finland - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Costa Rica in the exports of Paper Goods ($9.48M), Chemical Products ($7.11M), and Machines ($4.52M).

During 2017, Costa Rica had a large net trade with Finland in the exports of Vegetable Products ($26.9M), Machines ($5.24M), and Instruments ($3.42M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Costa Rica+$1MMedical Instruments

Top Product Potential Costa Rica Finland+$3.18MMedical 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Finland and Costa Rica. This means that a dot/product with the flag of Finland 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 Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Costa Rica () (2022)

Exports from Costa Rica () to Finland () (2022)

Latest Data

Trade between Finland () and Costa Rica ()

Finland Exports

Costa Rica Exports

Market Competitiveness

Difference in imports from Costa Rica () and Finland () (2022)

Comparative Advantage Finland - Costa Rica

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Finland () and Costa Rica () (2022)

Keep Exploring