Libya (LBY) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Libya-Costa Rica Trade: In 2022, Libya exported $868 to Costa Rica. The main products that Libya exported to Costa Rica were Broadcasting Accessories ($660) and Centrifuges ($208). Over the past 14 years the exports of Libya to Costa Rica have decreased at an annualized rate of 11.6%, from $4.91k in 2008 to $868 in 2022.

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

Costa Rica-Libya Trade: In 2022, Costa Rica exported $8.47M to Libya. The main products that Costa Rica exported to Libya were Bananas ($7.57M), Tropical Fruits ($655k), and Other Processed Fruits and Nuts ($204k). Over the past 14 years the exports of Costa Rica to Libya have increased at an annualized rate of 47.3%, from $1.22M in 2008 to $8.47M in 2022.

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

Comparison: In 2022, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Libya exported $868 to Costa Rica. The main products exported from Libya to Costa Rica were Broadcasting Accessories ($660) and Centrifuges ($208). During the last 14 years the exports of Libya to Costa Rica have decreased at an annualized rate of 11.6%, from $4.91k in 2008 to $868 in 2022.

In 2017, Costa Rica exported $8.47M to Libya. The main products exported from Costa Rica to Libya were Bananas ($7.57M), Tropical Fruits ($655k), and Other Processed Fruits and Nuts ($204k). During the last 5 years the exports of Costa Rica to Libya have increased at an annualized rate of 47.3%, from $1.22M in 2022 to $8.47M in 2017.

Exports from Libya () to Costa Rica () (2022)

Exports from Costa Rica () to Libya () (2022)

Latest Data

Trade between Libya () and Costa Rica ()

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Libya than Costa Rica included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

In 2022, countries that imported more from Costa Rica than Libya included United States ($6.83B), Guatemala ($821M), and Belgium ($775M).

Difference in imports from Costa Rica () and Libya () (2022)

Comparative Advantage Libya - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Libya had a large net trade with Costa Rica in the exports of Machines ($868).

During 2017, Costa Rica had a large net trade with Libya in the exports of Vegetable Products ($8.27M), Foodstuffs ($204k), and Chemical Products ($1.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Costa Rica+$3.59kRefined Petroleum

Top Product Potential Costa Rica Libya+$260kTropical Fruits

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

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Historical Data

Bilateral Trade by Products

Exports from Libya () to Costa Rica () (2022)

Exports from Costa Rica () to Libya () (2022)

Latest Data

Trade between Libya () and Costa Rica ()

Costa Rica Exports

Market Competitiveness

Difference in imports from Costa Rica () and Libya () (2022)

Comparative Advantage Libya - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Libya () and Costa Rica () (2022)

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