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2022
Flag → Flag
Exports $35.2MRnk 46 / 178
2022
Flag → Flag
Top Product $18.8MRough Wood
2022
Flag → Flag
Exports $245MRnk 115 / 217
2022
Flag → Flag
Top Product $42.7MSemi-Finished Iron
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

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.

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.

Comparison: In 2022,  Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $35.2M in 2022.

In 2017, 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 2022 to $245M in 2017.

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

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

Latest Data

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

Costa Rica Exports

India Exports

Market Competitiveness

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

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

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

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).

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

Comparative Advantage Costa Rica - India

Flow
Scale

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

During 2022, Costa Rica had a large net trade with India in the exports of Wood Products ($19.5M), Machines ($6.04M), and Metals ($3.93M).

During 2017, India had a large net trade with Costa Rica in the exports of Chemical Products ($80.2M), Metals ($52.4M), and Transportation ($46.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica India+$6.94MMedical Instruments
Top Product Potential India Costa Rica+$18.5MPackaged 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.

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Economic Complexity

Competitive Landscape

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

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

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