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Pricing

2022
Flag → Flag
Exports $36.9kRnk 93 / 149
2022
Flag → Flag
Top Product $18.1kMedical Instruments
2022
Flag → Flag
Exports $474kRnk 122 / 178
2022
Flag → Flag
Top Product $409kMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 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 $1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Nepal-Costa Rica Trade: In 2022, Nepal exported $36.9k to Costa Rica. The main products that Nepal exported to Costa Rica were Medical Instruments ($18.1k), Bells and Other Metal Ornaments ($6.11k), and Batteries ($3.25k). Over the past 5 years the exports of Nepal to Costa Rica have increased at an annualized rate of 18.6%, from $15.7k in 2017 to $36.9k in 2022.

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

Costa Rica-Nepal Trade: In 2022, Costa Rica exported $474k to Nepal. The main products that Costa Rica exported to Nepal were Medical Instruments ($409k), Orthopedic Appliances ($48.9k), and Sowing Seeds ($11.2k). Over the past 5 years the exports of Costa Rica to Nepal have increased at an annualized rate of 5.37%,  from $365k in 2017 to $474k in 2022.

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

Comparison In 2022,  Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. 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, Nepal exported $36.9k to Costa Rica. The main products exported from Nepal to Costa Rica were Medical Instruments ($18.1k), Bells and Other Metal Ornaments ($6.11k), and Batteries ($3.25k). During the last 5 years the exports of Nepal to Costa Rica have increased at an annualized rate of 18.6%, from $15.7k in 2017 to $36.9k in 2022.

In 2017, Costa Rica exported $474k to Nepal. The main products exported from Costa Rica to Nepal were Medical Instruments ($409k), Orthopedic Appliances ($48.9k), and Sowing Seeds ($11.2k). During the last 5 years the exports of Costa Rica to Nepal have increased at an annualized rate of 5.37%, from $365k in 2022 to $474k in 2017.

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

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

Market Competitiveness

Color
Nepal
Top DestinationIndia$956M
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Nepal than Costa Rica included India ($956M), Central African Republic ($8.88M), and Denmark ($8.07M).

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

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

Comparative Advantage Nepal - Costa Rica

Flow
Scale

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

During 2022, Nepal had a large net trade with Costa Rica in the exports of Instruments ($18.7k), Metals ($6.18k), and Machines ($6.03k).

During 2017, Costa Rica had a large net trade with Nepal in the exports of Instruments ($462k), Vegetable Products ($11.2k), and Machines ($908).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nepal Costa Rica+$17.2kMedical Instruments
Top Product Potential Costa Rica Nepal+$671kMedical 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 Nepal and Costa Rica. This means that a dot/product with the flag of Nepal 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 Nepal.

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

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