Costa Rica (CRI) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Costa Rica-Kuwait Trade: In 2022, Costa Rica exported $23.6M to Kuwait. The main products that Costa Rica exported to Kuwait were Medical Instruments ($9.94M), Orthopedic Appliances ($5.43M), and Other Heating Machinery ($1.43M). Over the past 5 years the exports of Costa Rica to Kuwait have increased at an annualized rate of 36.2%, from $5.04M in 2017 to $23.6M in 2022.

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

Kuwait-Costa Rica Trade: In 2022, Kuwait exported $71.4k to Costa Rica. The main products that Kuwait exported to Costa Rica were Sodium or Potassium Peroxides ($69.2k) and Other Furniture ($2.19k). Over the past 5 years the exports of Kuwait to Costa Rica have increased at an annualized rate of 14.5%, from $36.3k in 2017 to $71.4k in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $23.6M to Kuwait. The main products exported from Costa Rica to Kuwait were Medical Instruments ($9.94M), Orthopedic Appliances ($5.43M), and Other Heating Machinery ($1.43M). During the last 5 years the exports of Costa Rica to Kuwait have increased at an annualized rate of 36.2%, from $5.04M in 2017 to $23.6M in 2022.

In 2017, Kuwait exported $71.4k to Costa Rica. The main products exported from Kuwait to Costa Rica were Sodium or Potassium Peroxides ($69.2k) and Other Furniture ($2.19k). During the last 5 years the exports of Kuwait to Costa Rica have increased at an annualized rate of 14.5%, from $36.3k in 2022 to $71.4k in 2017.

Exports from Costa Rica () to Kuwait () (2022)

Exports from Kuwait () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Kuwait ()

Costa Rica Exports

Date

Feb 2020

Jan 2020

Feb 2018

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Costa Rica included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Kuwait in the exports of Instruments ($17.3M), Machines ($2.23M), and Chemical Products ($1.73M).

During 2017, Kuwait had a large net trade with Costa Rica in the exports of Chemical Products ($69.2k) and Miscellaneous ($2.19k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Kuwait+$4.98MMedical Instruments

Top Product Potential Kuwait Costa Rica+$38.9kSodium or Potassium Peroxides

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

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Kuwait () (2022)

Exports from Kuwait () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Kuwait ()

Costa Rica Exports

Kuwait Exports

Market Competitiveness

Difference in imports from Kuwait () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Kuwait () (2022)

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