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2022
Flag → Flag
Exports $113MRnk 101 / 224
2022
Flag → Flag
Top Product $23.2MCars
2022
Flag → Flag
Exports $335MRnk 12 / 178
2022
Flag → Flag
Top Product $107MBananas
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

United Kingdom-Costa Rica Trade: In 2022, United Kingdom exported $113M to Costa Rica. The main products that United Kingdom exported to Costa Rica were Cars ($23.2M), Hard Liquor ($9.09M), and Machinery Having Individual Functions ($5.03M). Over the past 5 years the exports of United Kingdom to Costa Rica have increased at an annualized rate of 0.35%, from $111M in 2017 to $113M in 2022.

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

Costa Rica-United Kingdom Trade: In 2022, Costa Rica exported $335M to United Kingdom. The main products that Costa Rica exported to United Kingdom were Bananas ($107M), Orthopedic Appliances ($61.2M), and Tropical Fruits ($52.7M). Over the past 5 years the exports of Costa Rica to United Kingdom have increased at an annualized rate of 4.09%,  from $274M in 2017 to $335M in 2022.

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

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). 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, United Kingdom exported £6.79M and imported £20.4M from Costa Rica, resulting in a negative trade balance of £13.6M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-11.8k (-0.17%) from £6.8M to £6.79M, while imports decreased by £-1.1M (-5.09%) from £21.5M to £20.4M.

Trade In August 2024, the top exports of United Kingdom to Costa Rica were Medical Instruments (£2.69M), Cars (£1.27M), Machinery Having Individual Functions (£258k), Mixed Mineral or Chemical Fertilizers (£204k), and Plastic Lids (£143k). In August 2024 the top imports of United Kingdom from Costa Rica were Bananas (£10.9M), Tropical Fruits (£4.76M), Medical Instruments (£4.23M), Optical Fibers and optical fibre bundles (£609k), and Special Pharmaceuticals (£474k).

Origins In August 2024 the exports of United Kingdom were mainly from London Gateway (£3M), London Heathrow Airport (£2.21M), Dover Eurotunnel (£299k), East Midlands Airport (£219k), and Manchester Airport (£214k), while imports destinations were mainly London Gateway (£14.4M), Southampton (£3.31M), Medway (£1.47M), Belfast (£550k), and London Heathrow Airport (£465k).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Industrial Printers (£-200k or -85.8%), Iron Fasteners (£-145k or -79.7%), and Raw Plastic Sheeting (£-72.9k or -61.5%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in Insulated Wire (£-18.5k or -84.4%), Other live plants, cuttings and slips; mushroom... (£-15k or -55.9%), and Used Clothing (£-11.2k or -84.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-11.8k(-0.17%)
IMPORT GROWTH (August 2023 - August 2024)£-1.1M(-5.09%)
MAIN EXPORTER (August 2024)London Gateway£3M

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

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

For full datasets download visit Bulk Download page.

Explore Costa Rica and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $113M to Costa Rica. The main products exported from United Kingdom to Costa Rica were Cars ($23.2M), Hard Liquor ($9.09M), and Machinery Having Individual Functions ($5.03M). During the last 5 years the exports of United Kingdom to Costa Rica have increased at an annualized rate of 0.35%, from $111M in 2017 to $113M in 2022.

In 2017, Costa Rica exported $335M to United Kingdom. The main products exported from Costa Rica to United Kingdom were Bananas ($107M), Orthopedic Appliances ($61.2M), and Tropical Fruits ($52.7M). During the last 5 years the exports of Costa Rica to United Kingdom have increased at an annualized rate of 4.09%, from $274M in 2022 to $335M in 2017.

Exports from United Kingdom (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from United Kingdom than Costa Rica included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

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

Difference in imports from Costa Rica (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Costa Rica

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Costa Rica in the exports of Transportation ($27.2M), Chemical Products ($20M), and Machines ($19.9M).

During 2017, Costa Rica had a large net trade with United Kingdom in the exports of Vegetable Products ($184M), Instruments ($98.3M), and Foodstuffs ($18.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Costa Rica+$15.6MCars
Top Product Potential Costa Rica United Kingdom+$34.8MMedical 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 United Kingdom and Costa Rica. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and Costa Rica (Flag) (2022)

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