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2022
Flag → Flag
Exports $270MRnk 14 / 178
2022
Flag → Flag
Top Product $51.3MBananas
2022
Flag → Flag
Exports $374MRnk 93 / 223
2022
Flag → Flag
Top Product $36.5MCars
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Costa Rica-Germany Trade: In 2022, Costa Rica exported $270M to Germany. The main products that Costa Rica exported to Germany were Bananas ($51.3M), Orthopedic Appliances ($25.9M), and Palm Oil ($24.9M). Over the past 5 years the exports of Costa Rica to Germany have increased at an annualized rate of 4.7%, from $214M in 2017 to $270M in 2022.

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

Germany-Costa Rica Trade: In 2022, Germany exported $374M to Costa Rica. The main products that Germany exported to Costa Rica were Cars ($36.5M), Copper Wire ($34.1M), and Vaccines, blood, antisera, toxins and cultures ($27.9M). Over the past 5 years the exports of Germany to Costa Rica have increased at an annualized rate of 4.52%,  from $300M in 2017 to $374M in 2022.

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

Comparison: In 2022,  Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $270M to Germany. The main products exported from Costa Rica to Germany were Bananas ($51.3M), Orthopedic Appliances ($25.9M), and Palm Oil ($24.9M). During the last 5 years the exports of Costa Rica to Germany have increased at an annualized rate of 4.7%, from $214M in 2017 to $270M in 2022.

In 2017, Germany exported $374M to Costa Rica. The main products exported from Germany to Costa Rica were Cars ($36.5M), Copper Wire ($34.1M), and Vaccines, blood, antisera, toxins and cultures ($27.9M). During the last 5 years the exports of Germany to Costa Rica have increased at an annualized rate of 4.52%, from $300M in 2022 to $374M in 2017.

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

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

Latest Data

Trade between Costa Rica (Flag) and Germany (Flag)

Costa Rica Exports

Germany Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Costa Rica than Germany included Nicaragua ($593M), Guatemala ($821M), and Honduras ($517M).

In 2022, countries that imported more from Germany than Costa Rica included United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Costa Rica - Germany

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Germany in the exports of Vegetable Products ($97.6M), Instruments ($60M), and Machines ($43.7M).

During 2017, Germany had a large net trade with Costa Rica in the exports of Chemical Products ($84.3M), Machines ($76.9M), and Metals ($47M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Germany+$33.1MMedical Instruments
Top Product Potential Germany Costa Rica+$34.5MCars

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 Costa Rica and Germany. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Costa Rica.

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

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