Costa Rica (CRI) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Costa Rica-Ecuador Trade: In 2022, Costa Rica exported $85.7M to Ecuador. The main products that Costa Rica exported to Ecuador were Scrap Iron ($15.2M), Packaged Medicaments ($14M), and Kraft Paper ($9.76M). Over the past 5 years the exports of Costa Rica to Ecuador have increased at an annualized rate of 11.7%, from $49.3M in 2017 to $85.7M in 2022.

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

Ecuador-Costa Rica Trade: In 2022, Ecuador exported $46.1M to Costa Rica. The main products that Ecuador exported to Costa Rica were Processed Fish ($7.84M), Refined Petroleum ($7.52M), and Other Uncoated Paper ($4.49M). Over the past 5 years the exports of Ecuador to Costa Rica have increased at an annualized rate of 7.33%, from $32.4M in 2017 to $46.1M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $85.7M to Ecuador. The main products exported from Costa Rica to Ecuador were Scrap Iron ($15.2M), Packaged Medicaments ($14M), and Kraft Paper ($9.76M). During the last 5 years the exports of Costa Rica to Ecuador have increased at an annualized rate of 11.7%, from $49.3M in 2017 to $85.7M in 2022.

In 2017, Ecuador exported $46.1M to Costa Rica. The main products exported from Ecuador to Costa Rica were Processed Fish ($7.84M), Refined Petroleum ($7.52M), and Other Uncoated Paper ($4.49M). During the last 5 years the exports of Ecuador to Costa Rica have increased at an annualized rate of 7.33%, from $32.4M in 2022 to $46.1M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Ecuador ()

Costa Rica Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Costa Rica than Ecuador included Guatemala ($821M), Nicaragua ($593M), and Belgium ($775M).

In 2022, countries that imported more from Ecuador than Costa Rica included China ($6.17B), Panama ($4.97B), and United States ($9.86B).

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

Comparative Advantage Costa Rica - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Ecuador in the exports of Chemical Products ($23.8M), Metals ($19.8M), and Paper Goods ($16.9M).

During 2017, Ecuador had a large net trade with Costa Rica in the exports of Foodstuffs ($10.3M), Mineral Products ($7.52M), and Paper Goods ($5.39M).

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 Ecuador+$1.37MMedical Instruments

Top Product Potential Ecuador Costa Rica+$1.56MProcessed Fish

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Ecuador ()

Costa Rica Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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