2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

North Macedonia-Costa Rica Trade: In 2022, North Macedonia exported $48.3k to Costa Rica. The main products that North Macedonia exported to Costa Rica were Precious Metal Compounds ($33.2k), Other Processed Vegetables ($5.87k), and Electrical Control Boards ($4.54k). Over the past 5 years the exports of North Macedonia to Costa Rica have decreased at an annualized rate of 16.1%, from $116k in 2017 to $48.3k in 2022.

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

Costa Rica-North Macedonia Trade: In 2022, Costa Rica exported $1.27M to North Macedonia. The main products that Costa Rica exported to North Macedonia were Tropical Fruits ($420k), Medical Instruments ($278k), and Bananas ($273k). Over the past 5 years the exports of Costa Rica to North Macedonia have increased at an annualized rate of 8.27%,  from $789k in 2017 to $1.27M in 2022.

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

Comparison: In 2022,  North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). 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, North Macedonia exported $48.3k to Costa Rica. The main products exported from North Macedonia to Costa Rica were Precious Metal Compounds ($33.2k), Other Processed Vegetables ($5.87k), and Electrical Control Boards ($4.54k). During the last 5 years the exports of North Macedonia to Costa Rica have decreased at an annualized rate of 16.1%, from $116k in 2017 to $48.3k in 2022.

In 2017, Costa Rica exported $1.27M to North Macedonia. The main products exported from Costa Rica to North Macedonia were Tropical Fruits ($420k), Medical Instruments ($278k), and Bananas ($273k). During the last 5 years the exports of Costa Rica to North Macedonia have increased at an annualized rate of 8.27%, from $789k in 2022 to $1.27M in 2017.

Exports from North Macedonia (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to North Macedonia (Flag) (2022)

Latest Data

Trade between North Macedonia (Flag) and Costa Rica (Flag)

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Costa Rica
Top Destination
United States$6.83B

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

In 2022, countries that imported more from North Macedonia than Costa Rica included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

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

Difference in imports from Costa Rica (Flag) and North Macedonia (Flag) (2022)

Comparative Advantage North Macedonia - Costa Rica

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Costa Rica in the exports of Chemical Products ($33.2k), Foodstuffs ($5.87k), and Machines ($5.72k).

During 2017, Costa Rica had a large net trade with North Macedonia in the exports of Vegetable Products ($718k), Instruments ($411k), and Foodstuffs ($95.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Costa Rica+$18.5kElectrical Control Boards
Top Product Potential Costa Rica North Macedonia+$368kMedical 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 North Macedonia and Costa Rica. This means that a dot/product with the flag of North Macedonia 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 North Macedonia.

Product Space of North Macedonia (Flag) and Costa Rica (Flag) (2022)

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