Romania (ROU) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Romania-Costa Rica Trade: In 2023, Romania exported $5.87M to Costa Rica. The main products that Romania exported to Costa Rica were Wood Fiberboard ($520k), Fork-Lifts ($469k), and Lifting Machinery ($430k). Over the past 5 years the exports of Romania to Costa Rica have increased at an annualized rate of 11.3%, from $3.44M in 2018 to $5.87M in 2023.

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

Costa Rica-Romania Trade: In 2023, Costa Rica exported $4.23M to Romania. The main products that Costa Rica exported to Romania were Bananas ($1.89M), Coffee ($692k), and Integrated Circuits ($604k). Over the past 5 years the exports of Costa Rica to Romania have increased at an annualized rate of 18.9%, from $1.78M in 2018 to $4.23M in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). 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, Romania exported $5.87M to Costa Rica. The main products exported from Romania to Costa Rica were Wood Fiberboard ($520k), Fork-Lifts ($469k), and Lifting Machinery ($430k). During the last 5 years the exports of Romania to Costa Rica have increased at an annualized rate of 11.3%, from $3.44M in 2018 to $5.87M in 2023.

In 2018, Costa Rica exported $4.23M to Romania. The main products exported from Costa Rica to Romania were Bananas ($1.89M), Coffee ($692k), and Integrated Circuits ($604k). During the last 5 years the exports of Costa Rica to Romania have increased at an annualized rate of 18.9%, from $1.78M in 2023 to $4.23M in 2018.

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

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

Latest Data

Trade between Romania () and Costa Rica ()

Romania Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Romania than Costa Rica included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Costa Rica than Romania included United States ($9.5B), Guatemala ($846M), and Nicaragua ($661M).

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

Comparative Advantage Romania - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Costa Rica in the exports of Machines ($2.77M), Wood Products ($605k), and Instruments ($487k).

During 2018, Costa Rica had a large net trade with Romania in the exports of Vegetable Products ($2.58M), Machines ($872k), and Plastics and Rubbers ($502k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Costa Rica+$560kPackaged Medicaments

Top Product Potential Costa Rica Romania+$1.06MCoffee

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

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Romania () and Costa Rica ()

Romania Exports

Costa Rica Exports

Market Competitiveness

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

Comparative Advantage Romania - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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