Kuwait (KWT) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Kuwait-Costa Rica Trade: In 2023, Kuwait exported $72.5k to Costa Rica. The main products that Kuwait exported to Costa Rica were Sodium or Potassium Peroxides ($72.5k). Over the past 6 years the exports of Kuwait to Costa Rica have increased at an annualized rate of 11.3%, from $38.1k in 2017 to $72.5k in 2023.

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

Costa Rica-Kuwait Trade: In 2023, Costa Rica exported $10.5M to Kuwait. The main products that Costa Rica exported to Kuwait were Medical Instruments ($5.4M), Orthopedic Appliances ($1.18M), and Chemical Analysis Instruments ($856k). Over the past 6 years the exports of Costa Rica to Kuwait have increased at an annualized rate of 12.9%, from $5.73M in 2017 to $10.5M in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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, Kuwait exported $72.5k to Costa Rica. The main products exported from Kuwait to Costa Rica were Sodium or Potassium Peroxides ($72.5k). During the last 6 years the exports of Kuwait to Costa Rica have increased at an annualized rate of 11.3%, from $38.1k in 2017 to $72.5k in 2023.

In 2018, Costa Rica exported $10.5M to Kuwait. The main products exported from Costa Rica to Kuwait were Medical Instruments ($5.4M), Orthopedic Appliances ($1.18M), and Chemical Analysis Instruments ($856k). During the last 5 years the exports of Costa Rica to Kuwait have increased at an annualized rate of 12.9%, from $5.73M in 2023 to $10.5M in 2018.

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

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

Latest Data

Trade between Kuwait () and Costa Rica ()

Kuwait Exports

Date

Costa Rica Exports

Date

Feb 2020

Jan 2020

Feb 2018

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Kuwait than Costa Rica included China ($17.4B), India ($9.51B), and Japan ($9.13B).

In 2023, countries that imported more from Costa Rica than Kuwait included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

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

Comparative Advantage Kuwait - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Costa Rica in the exports of Chemical Products ($72.5k).

During 2018, Costa Rica had a large net trade with Kuwait in the exports of Instruments ($8.44M), Machines ($704k), and Chemical Products ($500k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Costa Rica+$38.9kSodium or Potassium Peroxides

Top Product Potential Costa Rica Kuwait+$4.98MMedical 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 Kuwait and Costa Rica. This means that a dot/product with the flag of Kuwait 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 Kuwait.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Kuwait () and Costa Rica ()

Kuwait Exports

Costa Rica Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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