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2023
Flag → Flag
Exports $2.2MRnk 99 / 172
2023
Flag → Flag
Top Product $714kTropical Fruits
2023
Flag → Flag
Exports $890kRnk 80 / 157
2023
Flag → Flag
Top Product $640kOrthopedic Appliances
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Costa Rica-Iceland Trade: In 2023, Costa Rica exported $2.2M to Iceland. The main products that Costa Rica exported to Iceland were Tropical Fruits ($714k), Melons ($484k), and Medical Instruments ($239k). Over the past 5 years the exports of Costa Rica to Iceland have decreased at an annualized rate of 4.15%, from $2.71M in 2018 to $2.2M in 2023.

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

Iceland-Costa Rica Trade: In 2023, Iceland exported $890k to Costa Rica. The main products that Iceland exported to Costa Rica were Orthopedic Appliances ($640k), Beauty Products ($105k), and Other Edible Preparations ($47.7k). Over the past 5 years the exports of Iceland to Costa Rica have decreased at an annualized rate of 4.48%,  from $1.23M in 2018 to $890k in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $2.2M to Iceland. The main products exported from Costa Rica to Iceland were Tropical Fruits ($714k), Melons ($484k), and Medical Instruments ($239k). During the last 5 years the exports of Costa Rica to Iceland have decreased at an annualized rate of 4.15%, from $2.71M in 2018 to $2.2M in 2023.

In 2018, Iceland exported $890k to Costa Rica. The main products exported from Iceland to Costa Rica were Orthopedic Appliances ($640k), Beauty Products ($105k), and Other Edible Preparations ($47.7k). During the last 5 years the exports of Iceland to Costa Rica have decreased at an annualized rate of 4.48%, from $1.23M in 2023 to $890k in 2018.

Exports from Costa Rica (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Costa Rica (Flag) (2023)

Latest Data

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

Iceland Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Costa Rica than Iceland included United States ($9.5B), China ($1.17B), and Guatemala ($846M).

In 2023, countries that imported more from Iceland than Costa Rica included Netherlands ($1.97B), Norway ($444M), and Denmark ($228M).

Difference in imports from Iceland (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Iceland

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Iceland in the exports of Vegetable Products ($1.83M), Instruments ($286k), and Foodstuffs ($32.5k).

During 2018, Iceland had a large net trade with Costa Rica in the exports of Instruments ($673k), Chemical Products ($112k), and Foodstuffs ($47.7k).

Economic Complexity

Competitive Landscape

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

Product Space of Costa Rica (Flag) and Iceland (Flag) (2023)

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