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2023
Flag → Flag
Exports $139MRnk 45 / 198
2023
Flag → Flag
Top Product $94.3MBroadcasting Equipment
2023
Flag → Flag
Exports $417MRnk 14 / 172
2023
Flag → Flag
Top Product $310MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Hong Kong-Costa Rica Trade: In 2023, Hong Kong exported $139M to Costa Rica. The main products that Hong Kong exported to Costa Rica were Broadcasting Equipment ($94.3M), Printed Circuit Boards ($4.03M), and Computers ($3.62M). Over the past 5 years the exports of Hong Kong to Costa Rica have decreased at an annualized rate of 13.9%, from $293M in 2018 to $139M in 2023.

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

Costa Rica-Hong Kong Trade: In 2023, Costa Rica exported $417M to Hong Kong. The main products that Costa Rica exported to Hong Kong were Integrated Circuits ($310M), Office Machine Parts ($51.2M), and Orthopedic Appliances ($15.2M). Over the past 5 years the exports of Costa Rica to Hong Kong have increased at an annualized rate of 17.1%,  from $190M in 2018 to $417M in 2023.

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

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Hong Kong exported $139M to Costa Rica. The main products exported from Hong Kong to Costa Rica were Broadcasting Equipment ($94.3M), Printed Circuit Boards ($4.03M), and Computers ($3.62M). During the last 5 years the exports of Hong Kong to Costa Rica have decreased at an annualized rate of 13.9%, from $293M in 2018 to $139M in 2023.

In 2018, Costa Rica exported $417M to Hong Kong. The main products exported from Costa Rica to Hong Kong were Integrated Circuits ($310M), Office Machine Parts ($51.2M), and Orthopedic Appliances ($15.2M). During the last 5 years the exports of Costa Rica to Hong Kong have increased at an annualized rate of 17.1%, from $190M in 2023 to $417M in 2018.

Exports from Hong Kong (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Costa Rica (Flag)

Hong Kong Exports

Costa Rica Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Hong Kong than Costa Rica included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Costa Rica than Hong Kong included United States ($9.5B), Guatemala ($846M), and Nicaragua ($661M).

Difference in imports from Costa Rica (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Costa Rica

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Costa Rica in the exports of Machines ($119M), Plastics and Rubbers ($5.69M), and Instruments ($5.13M).

During 2018, Costa Rica had a large net trade with Hong Kong in the exports of Machines ($370M), Instruments ($25.6M), and Metals ($13.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Costa Rica+$4.24MComputers
Top Product Potential Costa Rica Hong Kong+$55.6MIntegrated Circuits

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 Hong Kong and Costa Rica. This means that a dot/product with the flag of Hong Kong 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 Hong Kong.

Product Space of Hong Kong (Flag) and Costa Rica (Flag) (2023)

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