2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH
56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC
$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH
19.8%CURRENT US$
Rnk 90 / 186

About

Costa Rica-Senegal Trade: In 2022, Costa Rica exported $2.51M to Senegal. The main products that Costa Rica exported to Senegal were Excavation Machinery ($496k), Small Iron Containers ($419k), and Lifting Machinery ($406k). Over the past 5 years the exports of Costa Rica to Senegal have increased at an annualized rate of 44.5%, from $400k in 2017 to $2.51M in 2022.

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

Senegal-Costa Rica Trade: In 2022, Senegal exported $17.2k to Costa Rica. The main products that Senegal exported to Costa Rica were Low-voltage Protection Equipment ($3.38k), Scrap Copper ($3.21k), and Non-Knit Men's Suits ($3.13k). Over the past 5 years the exports of Senegal to Costa Rica have increased at an annualized rate of 26.1%,  from $5.4k in 2017 to $17.2k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $2.51M to Senegal. The main products exported from Costa Rica to Senegal were Excavation Machinery ($496k), Small Iron Containers ($419k), and Lifting Machinery ($406k). During the last 5 years the exports of Costa Rica to Senegal have increased at an annualized rate of 44.5%, from $400k in 2017 to $2.51M in 2022.

In 2017, Senegal exported $17.2k to Costa Rica. The main products exported from Senegal to Costa Rica were Low-voltage Protection Equipment ($3.38k), Scrap Copper ($3.21k), and Non-Knit Men's Suits ($3.13k). During the last 5 years the exports of Senegal to Costa Rica have increased at an annualized rate of 26.1%, from $5.4k in 2022 to $17.2k in 2017.

Exports from Costa Rica (Flag) to Senegal (Flag) (2022)

Exports from Senegal (Flag) to Costa Rica (Flag) (2022)

Latest Data

Trade between Costa Rica (Flag) and Senegal (Flag)

Senegal Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Senegal
Top Destination
Mali$1.13B

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

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

In 2022, countries that imported more from Senegal than Costa Rica included Mali ($1.13B), India ($1B), and Switzerland ($662M).

Difference in imports from Senegal (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Senegal

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Senegal in the exports of Machines ($949k), Metals ($689k), and Plastics and Rubbers ($394k).

During 2017, Senegal had a large net trade with Costa Rica in the exports of Machines ($7.36k), Metals ($3.28k), and Textiles ($3.13k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Senegal+$119kMedical Instruments
Top Product Potential Senegal Costa Rica+$13.1kLow-voltage Protection Equipment

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

Product Space of Costa Rica (Flag) and Senegal (Flag) (2022)

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