2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Israel-Costa Rica Trade: In 2022, Israel exported $37.7M to Costa Rica. The main products that Israel exported to Costa Rica were Pesticides ($11.7M), Mixed Mineral or Chemical Fertilizers ($1.64M), and Medical Instruments ($1.56M). Over the past 5 years the exports of Israel to Costa Rica have decreased at an annualized rate of 8.24%, from $57.9M in 2017 to $37.7M in 2022.

In 2007, Israel exported services to Costa Rica worth $2.92M, with Construction services ($2.92M) being the largest in terms of value.

Costa Rica-Israel Trade: In 2022, Costa Rica exported $12.9M to Israel. The main products that Costa Rica exported to Israel were Coffee ($5.35M), Fruit Juice ($2.23M), and Tropical Fruits ($1.15M). Over the past 5 years the exports of Costa Rica to Israel have increased at an annualized rate of 4.29%,  from $10M in 2017 to $12.9M in 2022.

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

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $37.7M to Costa Rica. The main products exported from Israel to Costa Rica were Pesticides ($11.7M), Mixed Mineral or Chemical Fertilizers ($1.64M), and Medical Instruments ($1.56M). During the last 5 years the exports of Israel to Costa Rica have decreased at an annualized rate of 8.24%, from $57.9M in 2017 to $37.7M in 2022.

In 2017, Costa Rica exported $12.9M to Israel. The main products exported from Costa Rica to Israel were Coffee ($5.35M), Fruit Juice ($2.23M), and Tropical Fruits ($1.15M). During the last 5 years the exports of Costa Rica to Israel have increased at an annualized rate of 4.29%, from $10M in 2022 to $12.9M in 2017.

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

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

Latest Data

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

Israel Exports

Costa Rica Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Costa Rica
Top Destination
United States$6.83B

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

In 2022, countries that imported more from Israel than Costa Rica included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

In 2022, countries that imported more from Costa Rica than Israel included Guatemala ($821M), Nicaragua ($593M), and Panama ($564M).

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

Comparative Advantage Israel - Costa Rica

Flow
Scale

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

During 2022, Israel had a large net trade with Costa Rica in the exports of Chemical Products ($15.9M), Instruments ($5.78M), and Plastics and Rubbers ($5.61M).

During 2017, Costa Rica had a large net trade with Israel in the exports of Vegetable Products ($7.51M), Foodstuffs ($3.21M), and Machines ($1.26M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Costa Rica+$1.97MMedical Instruments
Top Product Potential Costa Rica Israel+$1.62MIntegrated Circuits

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 Israel and Costa Rica. This means that a dot/product with the flag of Israel 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 Israel.

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

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