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Pricing

2022
Flag → Flag
Exports $29.5kRnk 94 / 142
2022
Flag → Flag
Top Product $28kCars
2022
Flag → Flag
Exports $59.9kRnk 144 / 178
2022
Flag → Flag
Top Product $22.4kOther Measuring Instruments
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 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 $966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Rwanda-Costa Rica Trade: In 2022, Rwanda exported $29.5k to Costa Rica. The main products that Rwanda exported to Costa Rica were Cars ($28k), Breathing Appliances ($1.27k), and Trunks and Cases ($160). Over the past 6 years the exports of Rwanda to Costa Rica have increased at an annualized rate of 150%, from $120 in 2016 to $29.5k in 2022.

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

Costa Rica-Rwanda Trade: In 2022, Costa Rica exported $59.9k to Rwanda. The main products that Costa Rica exported to Rwanda were Other Measuring Instruments ($22.4k), Medical Instruments ($13.3k), and Orthopedic Appliances ($9.57k). Over the past 6 years the exports of Costa Rica to Rwanda have increased at an annualized rate of 54.9%,  from $315 in 2016 to $59.9k in 2022.

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

Comparison: In 2022,  Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B). 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, Rwanda exported $29.5k to Costa Rica. The main products exported from Rwanda to Costa Rica were Cars ($28k), Breathing Appliances ($1.27k), and Trunks and Cases ($160). During the last 6 years the exports of Rwanda to Costa Rica have increased at an annualized rate of 150%, from $120 in 2016 to $29.5k in 2022.

In 2017, Costa Rica exported $59.9k to Rwanda. The main products exported from Costa Rica to Rwanda were Other Measuring Instruments ($22.4k), Medical Instruments ($13.3k), and Orthopedic Appliances ($9.57k). During the last 5 years the exports of Costa Rica to Rwanda have increased at an annualized rate of 54.9%, from $315 in 2022 to $59.9k in 2017.

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

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

Market Competitiveness

Color
Rwanda
Top DestinationUnited Arab Emirates$568M
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Rwanda than Costa Rica included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Ethiopia ($55.2M).

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

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

Comparative Advantage Rwanda - Costa Rica

Flow
Scale

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

During 2022, Rwanda had a large net trade with Costa Rica in the exports of Transportation ($28k), Instruments ($1.27k), and Animal Hides ($160).

During 2017, Costa Rica had a large net trade with Rwanda in the exports of Instruments ($45.3k), Stone And Glass ($8.8k), and Machines ($4.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Rwanda Costa Rica+$1.9kGold
Top Product Potential Costa Rica Rwanda+$2.18kMedical 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 Rwanda and Costa Rica. This means that a dot/product with the flag of Rwanda 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 Rwanda.

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

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