Costa Rica (CRI) and Spain (ESP) Trade | The Observatory of Economic Complexity

About

Costa Rica-Spain Trade: In 2023, Costa Rica exported $465M to Spain. The main products that Costa Rica exported to Spain were Tropical Fruits ($137M), Bananas ($133M), and Medical Instruments ($46.6M). Over the past 5 years the exports of Costa Rica to Spain have increased at an annualized rate of 10.9%, from $278M in 2018 to $465M in 2023.

In 2023, Costa Rica did not export any services to Spain.

Spain-Costa Rica Trade: In 2023, Spain exported $390M to Costa Rica. The main products that Spain exported to Costa Rica were Packaged Medicaments ($54.1M), Unglazed Ceramics ($27.6M), and Copper Wire ($14.8M). Over the past 5 years the exports of Spain to Costa Rica have increased at an annualized rate of 2.9%, from $269M in 2018 to $390M in 2023.

In 2023, Spain did not export any services to Costa Rica.

Comparison: In 2023, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $465M to Spain. The main products exported from Costa Rica to Spain were Tropical Fruits ($137M), Bananas ($133M), and Medical Instruments ($46.6M). During the last 5 years the exports of Costa Rica to Spain have increased at an annualized rate of 10.9%, from $278M in 2018 to $465M in 2023.

In 2018, Spain exported $390M to Costa Rica. The main products exported from Spain to Costa Rica were Packaged Medicaments ($54.1M), Unglazed Ceramics ($27.6M), and Copper Wire ($14.8M). During the last 5 years the exports of Spain to Costa Rica have increased at an annualized rate of 2.9%, from $269M in 2023 to $390M in 2018.

Exports from Costa Rica () to Spain () (2023)

Exports from Spain () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Spain ()

Costa Rica Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Costa Rica than Spain included Nicaragua ($661M), Guatemala ($846M), and Honduras ($575M).

In 2023, countries that imported more from Spain than Costa Rica included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

Difference in imports from Spain () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Spain in the exports of Vegetable Products ($290M), Instruments ($74.4M), and Animal and Vegetable Bi-Products ($45.1M).

During 2018, Spain had a large net trade with Costa Rica in the exports of Chemical Products ($106M), Machines ($56.6M), and Foodstuffs ($43.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Spain+$16.7MMedical Instruments

Top Product Potential Spain Costa Rica+$9.53MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Spain. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Costa Rica.

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Spain () (2023)

Exports from Spain () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Spain ()

Costa Rica Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Spain

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Spain () (2023)

Keep Exploring