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Pricing

2022
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Exports $234MRnk 88 / 220
2022
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Top Product $60.7MCars
2022
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Exports $115MRnk 19 / 178
2022
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Top Product $24.7MMedical Instruments
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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Economic Complexity (ECI) ECI 0.31Rnk 48 / 124
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
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GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

South Korea-Costa Rica In 2022, South Korea exported $234M to Costa Rica. The main products that South Korea exported to Costa Rica are Cars ($60.7M), Vaccines, blood, antisera, toxins and cultures ($14.2M), and Other Plastic Products ($11.2M). During the last 27 years the exports of South Korea to Costa Rica have increased at an annualized rate of 4.62%, from $69.1M in 1995 to $234M in 2022.

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

Costa Rica-South Korea In 2022, Costa Rica exported $115M to South Korea. The main products that Costa Rica exported to South Korea were Medical Instruments ($24.7M), Coffee ($15.5M), and Raw Sugar ($15.2M). During the last 27 years the exports of Costa Rica to South Korea have increased at an annualized rate of 14.8%, from $2.79M in 1995 to $115M in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B).

Latest Trends

February, 2024

About

Overview In February 2024, South Korea exported $19.1M and imported $12.9M from Costa Rica, resulting in a positive trade balance of $6.17M. Between February 2023 and February 2024 the exports of South Korea have increased by $3.02M (18.7%) from $16.1M to $19.1M, while imports increased by $867k (7.19%) from $12.1M to $12.9M.

Trade In February 2024, the top exports of South Korea to Costa Rica were Cars, tractors, trucks & parts thereof. ($6.18M), Plastics & articles thereof ($1.33M), Iron or steel articles ($1.15M), Aluminum articles ($1.04M), and Machinery, mechanical appliances, & parts ($879k). In February 2024 the top imports of South Korea from Costa Rica were Optical, photo, & film equipment; medical... ($10M), Pharmaceutical products ($817k), Electrical machinery and electronics ($770k), Coffee, tea, mate & spices ($702k), and Edible fruits, nuts & fruit peels ($321k).

Growth In February 2024, the increase in South Korea's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Aluminum articles ($1.03M or 34.4k%), Iron or steel articles ($416k or 56.4%), and Pharmaceutical products ($362k or 131%). In February 2024, the increase in South Korea's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Optical, photo, & film equipment; medical... ($4.68M or 87.7%), Pharmaceutical products ($464k or 131%), and Cotton ($91k or 827%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)$3.02M(18.7%)
IMPORT GROWTH (February 2023 - February 2024)$867k(7.19%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Costa Rica and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $234M to Costa Rica. The main products exported from South Korea to Costa Rica were Cars ($60.7M), Vaccines, blood, antisera, toxins and cultures ($14.2M), and Other Plastic Products ($11.2M). During the last 27 years the exports of South Korea to Costa Rica have increased at an annualized rate of 4.62%, from $69.1M in 1995 to $234M in 2022.

In 2022, Costa Rica exported $115M to South Korea. The main products exported from Costa Rica to South Korea were Medical Instruments ($24.7M), Coffee ($15.5M), and Raw Sugar ($15.2M). During the last 27 years the exports of Costa Rica to South Korea have increased at an annualized rate of 14.8%, from $2.79M in 1995 to $115M in 2022.

Exports from South Korea (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2021, countries that imported more from South Korea than Costa Rica were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Costa Rica than South Korea were Nicaragua ($593M), Guatemala ($821M), and Honduras ($517M).

Difference in imports from Costa Rica (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Costa Rica

Flow
Scale

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

During 2022, South Korea had a large net trade with Costa Rica in the exports of Transportation ($77.9M), Plastics and Rubbers ($44.4M), and Chemical Products ($29.3M).

During 2022, Costa Rica had a large net trade with South Korea in the exports of Instruments ($42.2M), Vegetable Products ($22.2M), and Foodstuffs ($17.5M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Costa Rica (Flag) (2022)

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