Costa Rica (CRI) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Costa Rica-Italy Trade: In 2022, Costa Rica exported $194M to Italy. The main products that Costa Rica exported to Italy were Tropical Fruits ($88.1M), Bananas ($82.1M), and Coffee ($8.05M). Over the past 5 years the exports of Costa Rica to Italy have increased at an annualized rate of 0.18%, from $193M in 2017 to $194M in 2022.

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

Italy-Costa Rica Trade: In 2022, Italy exported $261M to Costa Rica. The main products that Italy exported to Costa Rica were Packaged Medicaments ($55.3M), Other Plastic Products ($7.6M), and Unglazed Ceramics ($6.91M). Over the past 5 years the exports of Italy to Costa Rica have increased at an annualized rate of 6.5%, from $190M in 2017 to $261M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $194M to Italy. The main products exported from Costa Rica to Italy were Tropical Fruits ($88.1M), Bananas ($82.1M), and Coffee ($8.05M). During the last 5 years the exports of Costa Rica to Italy have increased at an annualized rate of 0.18%, from $193M in 2017 to $194M in 2022.

In 2017, Italy exported $261M to Costa Rica. The main products exported from Italy to Costa Rica were Packaged Medicaments ($55.3M), Other Plastic Products ($7.6M), and Unglazed Ceramics ($6.91M). During the last 5 years the exports of Italy to Costa Rica have increased at an annualized rate of 6.5%, from $190M in 2022 to $261M in 2017.

Exports from Costa Rica () to Italy () (2022)

Exports from Italy () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Italy ()

Costa Rica Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Costa Rica than Italy included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

In 2022, countries that imported more from Italy than Costa Rica included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

Difference in imports from Italy () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Italy in the exports of Vegetable Products ($180M), Foodstuffs ($5.15M), and Precious Metals ($1.85M).

During 2017, Italy had a large net trade with Costa Rica in the exports of Chemical Products ($70.7M), Machines ($65.8M), and Plastics and Rubbers ($22.9M).

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 Italy+$9.23MCoffee

Top Product Potential Italy Costa Rica+$14MPackaged 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Italy () (2022)

Exports from Italy () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Italy ()

Costa Rica Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Italy () (2022)

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