2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH
54.4%CURRENT US$
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2022
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 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
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GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
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GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
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GDP PC GROWTH
32.4%CURRENT US$
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About

Philippines-Costa Rica Trade: In 2022, Philippines exported $30.5M to Costa Rica. The main products that Philippines exported to Costa Rica were Machinery Having Individual Functions ($8.62M), Office Machine Parts ($5.49M), and Oscilloscopes ($2.59M). Over the past 5 years the exports of Philippines to Costa Rica have decreased at an annualized rate of 0.85%, from $31.9M in 2017 to $30.5M in 2022.

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

Costa Rica-Philippines Trade: In 2022, Costa Rica exported $13.7M to Philippines. The main products that Costa Rica exported to Philippines were Oscilloscopes ($4.93M), Medical Instruments ($1.53M), and Pesticides ($1.28M). Over the past 5 years the exports of Costa Rica to Philippines have increased at an annualized rate of 0.11%,  from $13.5M in 2017 to $13.7M in 2022.

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

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). 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, Philippines exported $30.5M to Costa Rica. The main products exported from Philippines to Costa Rica were Machinery Having Individual Functions ($8.62M), Office Machine Parts ($5.49M), and Oscilloscopes ($2.59M). During the last 5 years the exports of Philippines to Costa Rica have decreased at an annualized rate of 0.85%, from $31.9M in 2017 to $30.5M in 2022.

In 2017, Costa Rica exported $13.7M to Philippines. The main products exported from Costa Rica to Philippines were Oscilloscopes ($4.93M), Medical Instruments ($1.53M), and Pesticides ($1.28M). During the last 5 years the exports of Costa Rica to Philippines have increased at an annualized rate of 0.11%, from $13.5M in 2022 to $13.7M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Costa Rica
Top Destination
United States$6.83B

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

In 2022, countries that imported more from Philippines than Costa Rica included China ($15.3B), Hong Kong ($12.6B), and Japan ($11.3B).

In 2022, countries that imported more from Costa Rica than Philippines included Guatemala ($821M), Nicaragua ($593M), and Belgium ($775M).

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

Comparative Advantage Philippines - Costa Rica

Flow
Scale

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

During 2022, Philippines had a large net trade with Costa Rica in the exports of Machines ($20.8M), Instruments ($5.1M), and Plastics and Rubbers ($1.32M).

During 2017, Costa Rica had a large net trade with Philippines in the exports of Instruments ($7.84M), Chemical Products ($2.23M), and Machines ($1.46M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Costa Rica+$5.87MIntegrated Circuits
Top Product Potential Costa Rica Philippines+$2.69MMedical 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 Philippines and Costa Rica. This means that a dot/product with the flag of Philippines 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 Philippines.

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

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