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2022
Flag → Flag
Exports $363MRnk 76 / 218
2022
Flag → Flag
Top Product $31.8MUnglazed Ceramics
2022
Flag → Flag
Exports $254MRnk 16 / 178
2022
Flag → Flag
Top Product $82.4MTropical Fruits
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Spain-Costa Rica Trade: In 2022, Spain exported $363M to Costa Rica. The main products that Spain exported to Costa Rica were Unglazed Ceramics ($31.8M), Copper Wire ($20.7M), and Packaged Medicaments ($18.3M). Over the past 5 years the exports of Spain to Costa Rica have increased at an annualized rate of 5.79%, from $274M in 2017 to $363M in 2022.

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

Costa Rica-Spain Trade: In 2022, Costa Rica exported $254M to Spain. The main products that Costa Rica exported to Spain were Tropical Fruits ($82.4M), Bananas ($73.5M), and Fruit Juice ($25M). Over the past 5 years the exports of Costa Rica to Spain have increased at an annualized rate of 3.76%,  from $211M in 2017 to $254M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €28.6M and imported €32.1M from Costa Rica, resulting in a negative trade balance of €3.48M. Between August 2023 and August 2024 the exports of Spain have increased by €4M (16.3%) from €24.6M to €28.6M, while imports decreased by €-4.13M (-11.4%) from €36.2M to €32.1M.

Trade In August 2024, the top exports of Spain to Costa Rica were Other Heating Machinery (€2.32M), Unglazed Ceramics (€1.36M), Copper Wire (€1.29M), Packaged Medicaments (€922k), and Paper Containers (€856k). In August 2024 the top imports of Spain from Costa Rica were Bananas (€10.1M), Tropical Fruits (€9.65M), Medical Instruments (€4.14M), Fruit Juice (€1.76M), and Orthopedic Appliances (€1.13M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€7.42M), Madrid (€3.18M), Valencia (€2.11M), Castellón (€1.78M), and Baleares (€1.71M), while imports destinations were mainly Madrid (€5.34M), Barcelona (€5.25M), Sin provincia asignada (€4.61M), Lleida (€3.31M), and Cádiz (€3.05M).

Growth In August 2024, the increase in Spain's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Other Heating Machinery (€2.28M or 5.32k%), Packaged Medicaments (€859k or 1.35k%), and Paper Containers (€418k or 95.4%). In August 2024, the decrease in Spain's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in Other Plastic Sheetings (€-245k or -46.3%), Other Rubber Products (€-56.9k or -21.8%), and Scrap Iron (€-30.7k or -79.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€4M(16.3%)
IMPORT GROWTH (August 2023 - August 2024)€-4.13M(-11.4%)
MAIN EXPORTER (August 2024)Barcelona€7.42M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Costa Rica and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Costa Rica and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $363M to Costa Rica. The main products exported from Spain to Costa Rica were Unglazed Ceramics ($31.8M), Copper Wire ($20.7M), and Packaged Medicaments ($18.3M). During the last 5 years the exports of Spain to Costa Rica have increased at an annualized rate of 5.79%, from $274M in 2017 to $363M in 2022.

In 2017, Costa Rica exported $254M to Spain. The main products exported from Costa Rica to Spain were Tropical Fruits ($82.4M), Bananas ($73.5M), and Fruit Juice ($25M). During the last 5 years the exports of Costa Rica to Spain have increased at an annualized rate of 3.76%, from $211M in 2022 to $254M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Spain than Costa Rica included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Costa Rica

Flow
Scale

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

During 2022, Spain had a large net trade with Costa Rica in the exports of Chemical Products ($84.3M), Machines ($44.5M), and Metals ($43.3M).

During 2017, Costa Rica had a large net trade with Spain in the exports of Vegetable Products ($170M), Foodstuffs ($37.6M), and Instruments ($23.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Costa Rica+$9.53MPackaged Medicaments
Top Product Potential Costa Rica Spain+$16.7MMedical 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 Spain and Costa Rica. This means that a dot/product with the flag of Spain 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 Spain.

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

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