Costa Rica (CRI) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Costa Rica-Vietnam Trade: In 2022, Costa Rica exported $54.2M to Vietnam. The main products that Costa Rica exported to Vietnam were Semiconductor Devices ($18.3M), Orthopedic Appliances ($8.68M), and Broadcasting Accessories ($6.05M). Over the past 5 years the exports of Costa Rica to Vietnam have increased at an annualized rate of 6.03%, from $40.5M in 2017 to $54.2M in 2022.

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

Vietnam-Costa Rica Trade: In 2022, Vietnam exported $168M to Costa Rica. The main products that Vietnam exported to Costa Rica were Broadcasting Equipment ($83.6M), Raw Aluminium ($19.1M), and Fish Fillets ($4.57M). Over the past 5 years the exports of Vietnam to Costa Rica have increased at an annualized rate of 0.14%, from $165M in 2017 to $168M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $54.2M to Vietnam. The main products exported from Costa Rica to Vietnam were Semiconductor Devices ($18.3M), Orthopedic Appliances ($8.68M), and Broadcasting Accessories ($6.05M). During the last 5 years the exports of Costa Rica to Vietnam have increased at an annualized rate of 6.03%, from $40.5M in 2017 to $54.2M in 2022.

In 2017, Vietnam exported $168M to Costa Rica. The main products exported from Vietnam to Costa Rica were Broadcasting Equipment ($83.6M), Raw Aluminium ($19.1M), and Fish Fillets ($4.57M). During the last 5 years the exports of Vietnam to Costa Rica have increased at an annualized rate of 0.14%, from $165M in 2022 to $168M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Vietnam ()

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Costa Rica included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Costa Rica - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Vietnam in the exports of Machines ($35.5M), Instruments ($13.4M), and Wood Products ($2.01M).

During 2017, Vietnam had a large net trade with Costa Rica in the exports of Machines ($102M), Metals ($20.7M), and Textiles ($13.4M).

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 Vietnam+$9.9MIntegrated Circuits

Top Product Potential Vietnam Costa Rica+$25.7MTelephones

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Vietnam ()

Costa Rica Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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