2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Norway-Costa Rica Trade: In 2022, Norway exported $31.9M to Costa Rica. The main products that Norway exported to Costa Rica were Mixed Mineral or Chemical Fertilizers ($26.2M), Nitrogenous Fertilizers ($2.19M), and Packaged Medicaments ($721k). Over the past 5 years the exports of Norway to Costa Rica have increased at an annualized rate of 55.8%, from $3.48M in 2017 to $31.9M in 2022.

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

Costa Rica-Norway Trade: In 2022, Costa Rica exported $45.2M to Norway. The main products that Costa Rica exported to Norway were Bananas ($19.7M), Medical Instruments ($7.39M), and Orthopedic Appliances ($5.3M). Over the past 5 years the exports of Costa Rica to Norway have increased at an annualized rate of 3.22%,  from $38.6M in 2017 to $45.2M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). 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, Norway exported $31.9M to Costa Rica. The main products exported from Norway to Costa Rica were Mixed Mineral or Chemical Fertilizers ($26.2M), Nitrogenous Fertilizers ($2.19M), and Packaged Medicaments ($721k). During the last 5 years the exports of Norway to Costa Rica have increased at an annualized rate of 55.8%, from $3.48M in 2017 to $31.9M in 2022.

In 2017, Costa Rica exported $45.2M to Norway. The main products exported from Costa Rica to Norway were Bananas ($19.7M), Medical Instruments ($7.39M), and Orthopedic Appliances ($5.3M). During the last 5 years the exports of Costa Rica to Norway have increased at an annualized rate of 3.22%, from $38.6M in 2022 to $45.2M in 2017.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Costa Rica
Top Destination
United States$6.83B

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

In 2022, countries that imported more from Norway than Costa Rica included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Costa Rica than Norway included United States ($6.83B), Guatemala ($821M), and Nicaragua ($593M).

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

Comparative Advantage Norway - Costa Rica

Flow
Scale

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

During 2022, Norway had a large net trade with Costa Rica in the exports of Chemical Products ($29.4M), Animal Products ($1.14M), and Instruments ($360k).

During 2017, Costa Rica had a large net trade with Norway in the exports of Vegetable Products ($27.5M), Instruments ($13.2M), and Plastics and Rubbers ($1.49M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Costa Rica+$885kPackaged Medicaments
Top Product Potential Costa Rica Norway+$5.68MMedical 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 Norway and Costa Rica. This means that a dot/product with the flag of Norway 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 Norway.

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

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