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Pricing

2022
Flag → Flag
Exports $71.4kRnk 129 / 156
2022
Flag → Flag
Top Product $69.2kSodium or Potassium Peroxides
2022
Flag → Flag
Exports $23.6MRnk 50 / 178
2022
Flag → Flag
Top Product $9.94MMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Kuwait-Costa Rica Trade: In 2022, Kuwait exported $71.4k to Costa Rica. The main products that Kuwait exported to Costa Rica were Sodium or Potassium Peroxides ($69.2k) and Other Furniture ($2.19k). Over the past 6 years the exports of Kuwait to Costa Rica have increased at an annualized rate of 35.7%, from $11.4k in 2016 to $71.4k in 2022.

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

Costa Rica-Kuwait Trade: In 2022, Costa Rica exported $23.6M to Kuwait. The main products that Costa Rica exported to Kuwait were Medical Instruments ($9.94M), Orthopedic Appliances ($5.43M), and Other Heating Machinery ($1.43M). Over the past 6 years the exports of Costa Rica to Kuwait have increased at an annualized rate of 36.2%,  from $5.04M in 2016 to $23.6M in 2022.

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

Comparison: In 2022,  Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kuwait exported $71.4k to Costa Rica. The main products exported from Kuwait to Costa Rica were Sodium or Potassium Peroxides ($69.2k) and Other Furniture ($2.19k). During the last 6 years the exports of Kuwait to Costa Rica have increased at an annualized rate of 35.7%, from $11.4k in 2016 to $71.4k in 2022.

In 2017, Costa Rica exported $23.6M to Kuwait. The main products exported from Costa Rica to Kuwait were Medical Instruments ($9.94M), Orthopedic Appliances ($5.43M), and Other Heating Machinery ($1.43M). During the last 5 years the exports of Costa Rica to Kuwait have increased at an annualized rate of 36.2%, from $5.04M in 2022 to $23.6M in 2017.

Exports from Kuwait (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Kuwait (Flag) (2022)

Latest Data

Trade between Kuwait (Flag) and Costa Rica (Flag)

Kuwait Exports

Costa Rica Exports

Date

Market Competitiveness

Color
Kuwait
Top DestinationChina$24.3B
Costa Rica
Top DestinationUnited States$6.83B

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 2022, countries that imported more from Kuwait than Costa Rica included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Costa Rica than Kuwait included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

Difference in imports from Costa Rica (Flag) and Kuwait (Flag) (2022)

Comparative Advantage Kuwait - Costa Rica

Flow
Scale

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

During 2022, Kuwait had a large net trade with Costa Rica in the exports of Chemical Products ($69.2k) and Miscellaneous ($2.19k).

During 2017, Costa Rica had a large net trade with Kuwait in the exports of Instruments ($17.3M), Machines ($2.23M), and Chemical Products ($1.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Kuwait (Flag) and Costa Rica (Flag) (2022)

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