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Pricing

2022
Flag → Flag
Exports $57.5MRnk 71 / 205
2022
Flag → Flag
Top Product $16.4MCars
2022
Flag → Flag
Exports $42.5MRnk 42 / 178
2022
Flag → Flag
Top Product $26.2MOptical Fibers and optical fibre bundles
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Hungary-Costa Rica Trade: In 2022, Hungary exported $57.5M to Costa Rica. The main products that Hungary exported to Costa Rica were Cars ($16.4M), Other Plastic Products ($5.55M), and Raw Plastic Sheeting ($5.45M). Over the past 5 years the exports of Hungary to Costa Rica have increased at an annualized rate of 10.4%, from $35.1M in 2017 to $57.5M in 2022.

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

Costa Rica-Hungary Trade: In 2022, Costa Rica exported $42.5M to Hungary. The main products that Costa Rica exported to Hungary were Optical Fibers and optical fibre bundles ($26.2M), Other Plastic Products ($15.6M), and Bandages ($155k). Over the past 5 years the exports of Costa Rica to Hungary have increased at an annualized rate of 71.2%,  from $986k in 2017 to $42.5M in 2022.

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

Comparison: In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). 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, Hungary exported $57.5M to Costa Rica. The main products exported from Hungary to Costa Rica were Cars ($16.4M), Other Plastic Products ($5.55M), and Raw Plastic Sheeting ($5.45M). During the last 5 years the exports of Hungary to Costa Rica have increased at an annualized rate of 10.4%, from $35.1M in 2017 to $57.5M in 2022.

In 2017, Costa Rica exported $42.5M to Hungary. The main products exported from Costa Rica to Hungary were Optical Fibers and optical fibre bundles ($26.2M), Other Plastic Products ($15.6M), and Bandages ($155k). During the last 5 years the exports of Costa Rica to Hungary have increased at an annualized rate of 71.2%, from $986k in 2022 to $42.5M in 2017.

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

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

Latest Data

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

Hungary Exports

Costa Rica Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Hungary than Costa Rica included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2022, countries that imported more from Costa Rica than Hungary included United States ($6.83B), Guatemala ($821M), and Nicaragua ($593M).

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

Comparative Advantage Hungary - Costa Rica

Flow
Scale

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

During 2022, Hungary had a large net trade with Costa Rica in the exports of Plastics and Rubbers ($18.9M), Transportation ($16.9M), and Chemical Products ($7.18M).

During 2017, Costa Rica had a large net trade with Hungary in the exports of Instruments ($26.3M), Plastics and Rubbers ($15.6M), and Chemical Products ($206k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Costa Rica+$8.62MCars
Top Product Potential Costa Rica Hungary+$707kMedical 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 Hungary and Costa Rica. This means that a dot/product with the flag of Hungary 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 Hungary.

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

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