Palau (PLW) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Palau-Costa Rica Trade: In 2023, Palau exported $62 to Costa Rica. The main products that Palau exported to Costa Rica were Iron Fasteners ($51) and Insulated Wire ($11). Over the past 9 years the exports of Palau to Costa Rica have decreased at an annualized rate of 13.4%, from $226 in 2014 to $62 in 2023.

In 2023, Palau did not export any services to Costa Rica.

Costa Rica-Palau Trade: In 2023, Costa Rica exported $26.2k to Palau. The main products that Costa Rica exported to Palau were N/A. Over the past 9 years the exports of Costa Rica to Palau have increased at an annualized rate of 181%, from $150 in 2014 to $26.2k in 2023.

In 2023, Costa Rica did not export any services to Palau.

Comparison In 2023, Palau ranked 221 in total exports ($5.6M), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Palau exported $62 to Costa Rica. The main products exported from Palau to Costa Rica were Iron Fasteners ($51) and Insulated Wire ($11). During the last 9 years the exports of Palau to Costa Rica have decreased at an annualized rate of 13.4%, from $226 in 2014 to $62 in 2023.

In 2011, Costa Rica exported $26.2k to Palau. There were not main exports from Costa Rica to Palau in 2011. During the last 5 years the exports of Costa Rica to Palau have increased at an annualized rate of 181%, from $150 in 2016 to $26.2k in 2011.

Exports from Palau () to Costa Rica () (2023)

Exports from Costa Rica () to Palau () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Palau
Top DestinationIndia$2.28M

Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, no countries were registered that imported more from Palau than from Costa Rica.

In 2023, countries that imported more from Costa Rica than Palau included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

Difference in imports from Costa Rica () and Palau () (2023)

Comparative Advantage Palau - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Palau had a large net trade with Costa Rica in the exports of Metals ($51) and Machines ($11).

During 2011, Costa Rica had a large net trade with Palau in the exports of .

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Palau and Costa Rica. This means that a dot/product with the flag of Palau 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 Palau.

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Historical Data

Bilateral Trade by Products

Exports from Palau () to Costa Rica () (2023)

Exports from Costa Rica () to Palau () (2023)

Market Competitiveness

Difference in imports from Costa Rica () and Palau () (2023)

Comparative Advantage Palau - Costa Rica

Economic Complexity

Competitive Landscape

Product Space of Palau () and Costa Rica () (2023)

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