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Pricing

2022
Flag → Flag
Exports $17.2kRnk 137 / 160
2022
Flag → Flag
Top Product $3.38kLow-voltage Protection Equipment
2022
Flag → Flag
Exports $2.51MRnk 97 / 178
2022
Flag → Flag
Top Product $496kExcavation Machinery
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 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 $1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Senegal-Costa Rica Trade: In 2022, Senegal exported $17.2k to Costa Rica. The main products that Senegal exported to Costa Rica were Low-voltage Protection Equipment ($3.38k), Scrap Copper ($3.21k), and Non-Knit Men's Suits ($3.13k). Over the past 5 years the exports of Senegal to Costa Rica have increased at an annualized rate of 26.1%, from $5.4k in 2017 to $17.2k in 2022.

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

Costa Rica-Senegal Trade: In 2022, Costa Rica exported $2.51M to Senegal. The main products that Costa Rica exported to Senegal were Excavation Machinery ($496k), Small Iron Containers ($419k), and Lifting Machinery ($406k). Over the past 5 years the exports of Costa Rica to Senegal have increased at an annualized rate of 44.5%,  from $400k in 2017 to $2.51M in 2022.

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

Comparison: In 2022,  Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B). 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, Senegal exported $17.2k to Costa Rica. The main products exported from Senegal to Costa Rica were Low-voltage Protection Equipment ($3.38k), Scrap Copper ($3.21k), and Non-Knit Men's Suits ($3.13k). During the last 5 years the exports of Senegal to Costa Rica have increased at an annualized rate of 26.1%, from $5.4k in 2017 to $17.2k in 2022.

In 2017, Costa Rica exported $2.51M to Senegal. The main products exported from Costa Rica to Senegal were Excavation Machinery ($496k), Small Iron Containers ($419k), and Lifting Machinery ($406k). During the last 5 years the exports of Costa Rica to Senegal have increased at an annualized rate of 44.5%, from $400k in 2022 to $2.51M in 2017.

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

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

Market Competitiveness

Color
Senegal
Top DestinationMali$1.13B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Senegal than Costa Rica included Mali ($1.13B), India ($1B), and Switzerland ($662M).

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

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

Comparative Advantage Senegal - Costa Rica

Flow
Scale

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

During 2022, Senegal had a large net trade with Costa Rica in the exports of N/A.

During 2017, Costa Rica had a large net trade with Senegal in the exports of Machines ($949k), Metals ($689k), and Plastics and Rubbers ($394k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Senegal Costa Rica+$13.1kLow-voltage Protection Equipment
Top Product Potential Costa Rica Senegal+$119kMedical 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 Senegal and Costa Rica. This means that a dot/product with the flag of Senegal 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 Senegal.

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

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