Hungary (HUN) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Hungary-Costa Rica Trade: In 2023, Hungary exported $79.7M to Costa Rica. The main products that Hungary exported to Costa Rica were Cars ($43.3M), Glues ($7.12M), and Self-adhesive Plastics ($5.96M). Over the past 5 years the exports of Hungary to Costa Rica have increased at an annualized rate of 15.5%, from $38.7M in 2018 to $79.7M in 2023.

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

Costa Rica-Hungary Trade: In 2023, Costa Rica exported $43.1M to Hungary. The main products that Costa Rica exported to Hungary were Other Plastic Products ($28.9M), Optical Fibers and optical fibre bundles ($13.4M), and Bandages ($239k). Over the past 5 years the exports of Costa Rica to Hungary have increased at an annualized rate of 47.6%, from $1.29M in 2018 to $43.1M in 2023.

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

Comparison: In 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $79.7M to Costa Rica. The main products exported from Hungary to Costa Rica were Cars ($43.3M), Glues ($7.12M), and Self-adhesive Plastics ($5.96M). During the last 5 years the exports of Hungary to Costa Rica have increased at an annualized rate of 15.5%, from $38.7M in 2018 to $79.7M in 2023.

In 2018, Costa Rica exported $43.1M to Hungary. The main products exported from Costa Rica to Hungary were Other Plastic Products ($28.9M), Optical Fibers and optical fibre bundles ($13.4M), and Bandages ($239k). During the last 5 years the exports of Costa Rica to Hungary have increased at an annualized rate of 47.6%, from $1.29M in 2023 to $43.1M in 2018.

Exports from Hungary () to Costa Rica () (2023)

Exports from Costa Rica () to Hungary () (2023)

Latest Data

Trade between Hungary () and Costa Rica ()

Hungary Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Hungary than Costa Rica included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Difference in imports from Costa Rica () and Hungary () (2023)

Comparative Advantage Hungary - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Costa Rica in the exports of Transportation ($43.9M), Plastics and Rubbers ($14.8M), and Chemical Products ($9.62M).

During 2018, Costa Rica had a large net trade with Hungary in the exports of Plastics and Rubbers ($29M), Instruments ($13.5M), and Chemical Products ($294k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Costa Rica+$8.62MCars

Top Product Potential Costa Rica Hungary+$707kMedical 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Costa Rica () (2023)

Exports from Costa Rica () to Hungary () (2023)

Latest Data

Trade between Hungary () and Costa Rica ()

Hungary Exports

Costa Rica Exports

Market Competitiveness

Difference in imports from Costa Rica () and Hungary () (2023)

Comparative Advantage Hungary - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and Costa Rica () (2023)

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