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2022
Flag → Flag
Exports $245MRnk 115 / 217
2022
Flag → Flag
Top Product $42.7MSemi-Finished Iron
2022
Flag → Flag
Exports $35.2MRnk 46 / 178
2022
Flag → Flag
Top Product $18.8MRough Wood
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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 $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

India-Costa Rica Trade: In 2022, India exported $245M to Costa Rica. The main products that India exported to Costa Rica were Semi-Finished Iron ($42.7M), Cars ($32.5M), and Pesticides ($28.4M). Over the past 5 years the exports of India to Costa Rica have increased at an annualized rate of 6.06%, from $182M in 2017 to $245M in 2022.

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

Costa Rica-India Trade: In 2022, Costa Rica exported $35.2M to India. The main products that Costa Rica exported to India were Rough Wood ($18.8M), Other Oily Seeds ($2.26M), and Telephones ($2.19M). Over the past 5 years the exports of Costa Rica to India have decreased at an annualized rate of 15.5%,  from $81.8M in 2017 to $35.2M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $16.8M and imported $10.8M from Costa Rica, resulting in a positive trade balance of $5.98M. Between August 2023 and August 2024 the exports of India have decreased by $-1.11M (-6.19%) from $17.9M to $16.8M, while imports decreased by $-540k (-4.76%) from $11.3M to $10.8M.

Trade In August 2024, the top exports of India to Costa Rica were Iron And Steel ($11.1M), Motor Vehicle/Cars ($3.09M), Agro Chemicals ($2.56M), Drug Formulations, Biologicals ($2.21M), and Medical And Scientific Instrum ($752k). In August 2024 the top imports of India from Costa Rica were Computer Hardware, Peripherals ($2.01M), Other Wood And Wood Products ($1.63M), Iron And Steel ($246k), Other Commodities ($212k), and Surgicals ($145k).

Growth In August 2024, the decrease in India's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Plastic Raw Materials ($-424k or -79.6%), Spices ($-312k or -76.9%), and Ceramics And Allied Products ($-279k or -68.8%). In August 2024, the decrease in India's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in Computer Hardware, Peripherals ($-800k or -28.5%), Telecom Instruments ($-631k or -99.9%), and Surgicals ($-106k or -42.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-1.11M(-6.19%)
IMPORT GROWTH (August 2023 - August 2024)$-540k(-4.76%)

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

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

For full datasets download visit Bulk Download page.

Explore Costa Rica and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $245M to Costa Rica. The main products exported from India to Costa Rica were Semi-Finished Iron ($42.7M), Cars ($32.5M), and Pesticides ($28.4M). During the last 5 years the exports of India to Costa Rica have increased at an annualized rate of 6.06%, from $182M in 2017 to $245M in 2022.

In 2017, Costa Rica exported $35.2M to India. The main products exported from Costa Rica to India were Rough Wood ($18.8M), Other Oily Seeds ($2.26M), and Telephones ($2.19M). During the last 5 years the exports of Costa Rica to India have decreased at an annualized rate of 15.5%, from $81.8M in 2022 to $35.2M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from India than Costa Rica included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Costa Rica than India included Panama ($564M), Honduras ($517M), and Guatemala ($821M).

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

Comparative Advantage India - Costa Rica

Flow
Scale

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

During 2022, India had a large net trade with Costa Rica in the exports of Chemical Products ($80.2M), Metals ($52.4M), and Transportation ($46.5M).

During 2017, Costa Rica had a large net trade with India in the exports of Wood Products ($19.5M), Machines ($6.04M), and Metals ($3.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Costa Rica+$18.5MPackaged Medicaments
Top Product Potential Costa Rica India+$6.94MMedical 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 India and Costa Rica. This means that a dot/product with the flag of India 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 India.

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

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