Costa Rica (CRI) and Peru (PER) Trade | The Observatory of Economic Complexity

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Costa Rica-Peru Trade: In 2022, Costa Rica exported $70.8M to Peru. The main products that Costa Rica exported to Peru were Other Edible Preparations ($27M), Scented Mixtures ($6.54M), and Industrial Fatty Acids, Oils and Alcohols ($3.58M). Over the past 5 years the exports of Costa Rica to Peru have increased at an annualized rate of 20.4%, from $28M in 2017 to $70.8M in 2022.

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

Peru-Costa Rica Trade: In 2022, Peru exported $86.9M to Costa Rica. The main products that Peru exported to Costa Rica were Grapes ($10.5M), Raw Plastic Sheeting ($6.14M), and Refined Petroleum ($5.07M). Over the past 5 years the exports of Peru to Costa Rica have increased at an annualized rate of 4.61%, from $69.3M in 2017 to $86.9M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $70.8M to Peru. The main products exported from Costa Rica to Peru were Other Edible Preparations ($27M), Scented Mixtures ($6.54M), and Industrial Fatty Acids, Oils and Alcohols ($3.58M). During the last 5 years the exports of Costa Rica to Peru have increased at an annualized rate of 20.4%, from $28M in 2017 to $70.8M in 2022.

In 2017, Peru exported $86.9M to Costa Rica. The main products exported from Peru to Costa Rica were Grapes ($10.5M), Raw Plastic Sheeting ($6.14M), and Refined Petroleum ($5.07M). During the last 5 years the exports of Peru to Costa Rica have increased at an annualized rate of 4.61%, from $69.3M in 2022 to $86.9M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Peru ()

Costa Rica Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Peru
Top DestinationChina$17.6B

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

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

In 2022, countries that imported more from Peru than Costa Rica included China ($17.6B), Japan ($2.83B), and South Korea ($2.62B).

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

Comparative Advantage Costa Rica - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Peru in the exports of Foodstuffs ($32.1M), Chemical Products ($18M), and Instruments ($5.28M).

During 2017, Peru had a large net trade with Costa Rica in the exports of Vegetable Products ($20.9M), Chemical Products ($14.4M), and Plastics and Rubbers ($12.2M).

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 Peru+$4.91MMedical Instruments

Top Product Potential Peru Costa Rica+$7.26MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Peru ()

Costa Rica Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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