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

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Costa Rica-Italy Trade: In 2023, Costa Rica exported $282M to Italy. The main products that Costa Rica exported to Italy were Bananas ($148M), Tropical Fruits ($111M), and Coffee ($9.16M). Over the past 5 years the exports of Costa Rica to Italy have increased at an annualized rate of 3.05%, from $243M in 2018 to $282M in 2023.

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

Italy-Costa Rica Trade: In 2023, Italy exported $279M to Costa Rica. The main products that Italy exported to Costa Rica were Packaged Medicaments ($25.7M), Valves ($10.2M), and Other Heating Machinery ($8.26M). Over the past 5 years the exports of Italy to Costa Rica have increased at an annualized rate of 5.19%, from $217M in 2018 to $279M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $282M to Italy. The main products exported from Costa Rica to Italy were Bananas ($148M), Tropical Fruits ($111M), and Coffee ($9.16M). During the last 5 years the exports of Costa Rica to Italy have increased at an annualized rate of 3.05%, from $243M in 2018 to $282M in 2023.

In 2018, Italy exported $279M to Costa Rica. The main products exported from Italy to Costa Rica were Packaged Medicaments ($25.7M), Valves ($10.2M), and Other Heating Machinery ($8.26M). During the last 5 years the exports of Italy to Costa Rica have increased at an annualized rate of 5.19%, from $217M in 2023 to $279M in 2018.

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

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

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$9.5B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Italy than Costa Rica included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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 2023, Costa Rica had a large net trade with Italy in the exports of Vegetable Products ($271M), Foodstuffs ($5.56M), and Machines ($1.82M).

During 2018, Italy had a large net trade with Costa Rica in the exports of Machines ($99.6M), Chemical Products ($42.6M), and Plastics and Rubbers ($23.7M).

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 () (2023)

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

Latest Data

Trade between Costa Rica () and Italy ()

Costa Rica Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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