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2022
Flag → Flag
Exports $12.5MRnk 97 / 210
2022
Flag → Flag
Exports $6.99MRnk 73 / 178
2022
Flag → Flag
Top Product $2.86MMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 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 $48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

New Zealand-Costa Rica Trade: In 2022, New Zealand exported $12.5M to Costa Rica. The main products that New Zealand exported to Costa Rica were N/A. Over the past 5 years the exports of New Zealand to Costa Rica have increased at an annualized rate of 4.79%, from $9.88M in 2017 to $12.5M in 2022.

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

Costa Rica-New Zealand Trade: In 2022, Costa Rica exported $6.99M to New Zealand. The main products that Costa Rica exported to New Zealand were Medical Instruments ($2.86M), Orthopedic Appliances ($1.59M), and Opto-Electric Instrument Parts ($261k). Over the past 5 years the exports of Costa Rica to New Zealand have decreased at an annualized rate of 11.5%,  from $21M in 2017 to $6.99M in 2022.

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

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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, New Zealand exported $12.5M to Costa Rica. There were not main exports from New Zealand to Costa Rica in 2022. During the last 5 years the exports of New Zealand to Costa Rica have increased at an annualized rate of 4.79%, from $9.88M in 2017 to $12.5M in 2022.

In 2017, Costa Rica exported $6.99M to New Zealand. The main products exported from Costa Rica to New Zealand were Medical Instruments ($2.86M), Orthopedic Appliances ($1.59M), and Opto-Electric Instrument Parts ($261k). During the last 5 years the exports of Costa Rica to New Zealand have decreased at an annualized rate of 11.5%, from $21M in 2022 to $6.99M in 2017.

Exports from New Zealand (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Costa Rica (Flag)

New Zealand Exports

Costa Rica Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$13.1B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from New Zealand than Costa Rica included China ($13.1B), Australia ($5.35B), and Japan ($2.75B).

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

Difference in imports from Costa Rica (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Costa Rica

Flow
Scale

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

During 2022, New Zealand had a large net trade with Costa Rica in the exports of Animal Products ($6.43M), Paper Goods ($1.47M), and Instruments ($1.37M).

During 2017, Costa Rica had a large net trade with New Zealand in the exports of Instruments ($4.83M), Machines ($573k), and Plastics and Rubbers ($411k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Costa Rica+$408kMedical Instruments
Top Product Potential Costa Rica New Zealand+$3.32MMedical 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 New Zealand and Costa Rica. This means that a dot/product with the flag of New Zealand 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 New Zealand.

Product Space of New Zealand (Flag) and Costa Rica (Flag) (2022)

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