2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH
69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH
56.8%CURRENT US$
Rnk 34 / 195

About

India-Costa Rica Trade: In 2023, India exported $284M to Costa Rica. The main products that India exported to Costa Rica were Cars ($40.2M), Packaged Medicaments ($27.2M), and Semi-Finished Iron ($23.7M). Over the past 5 years the exports of India to Costa Rica have increased at an annualized rate of 9.36%, from $181M in 2018 to $284M in 2023.

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

Costa Rica-India Trade: In 2023, Costa Rica exported $118M to India. The main products that Costa Rica exported to India were Office Machine Parts ($46.3M), Rough Wood ($20.9M), and Medical Instruments ($9.33M). Over the past 5 years the exports of Costa Rica to India have increased at an annualized rate of 19.6%,  from $48.2M in 2018 to $118M in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $284M to Costa Rica. The main products exported from India to Costa Rica were Cars ($40.2M), Packaged Medicaments ($27.2M), and Semi-Finished Iron ($23.7M). During the last 5 years the exports of India to Costa Rica have increased at an annualized rate of 9.36%, from $181M in 2018 to $284M in 2023.

In 2018, Costa Rica exported $118M to India. The main products exported from Costa Rica to India were Office Machine Parts ($46.3M), Rough Wood ($20.9M), and Medical Instruments ($9.33M). During the last 5 years the exports of Costa Rica to India have increased at an annualized rate of 19.6%, from $48.2M in 2023 to $118M in 2018.

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

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

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Costa Rica
Top Destination
United States$9.5B

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

In 2023, countries that imported more from India than Costa Rica included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Costa Rica than India included Panama ($585M), Honduras ($575M), and Nicaragua ($661M).

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

Comparative Advantage India - Costa Rica

Flow
Scale

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

During 2023, India had a large net trade with Costa Rica in the exports of Chemical Products ($87M), Transportation ($56.3M), and Metals ($41.1M).

During 2018, Costa Rica had a large net trade with India in the exports of Machines ($51.2M), Wood Products ($21.2M), and Instruments ($14.5M).

Potential Exports

Potential Exports

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

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 India and Costa Rica. This means that a dot/product with the flag of India indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over India.

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

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