2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH
127%CURRENT US$
Rnk 7 / 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 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC
$16,942CURRENT US$
Rnk 69 / 196
2013-2023
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GDP PC GROWTH
56.8%CURRENT US$
Rnk 34 / 195

About

Ireland-Costa Rica Trade: In 2023, Ireland exported $185M to Costa Rica. The main products that Ireland exported to Costa Rica were Other Iron Products ($55.4M), Vaccines, blood, antisera, toxins and cultures ($29.7M), and Packaged Medicaments ($14.1M). Over the past 5 years the exports of Ireland to Costa Rica have increased at an annualized rate of 25.3%, from $59.9M in 2018 to $185M in 2023.

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

Costa Rica-Ireland Trade: In 2023, Costa Rica exported $152M to Ireland. The main products that Costa Rica exported to Ireland were Medical Instruments ($48M), Bananas ($23.8M), and Telephones ($20.1M). Over the past 5 years the exports of Costa Rica to Ireland have increased at an annualized rate of 9.33%,  from $97.1M in 2018 to $152M in 2023.

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

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported $185M to Costa Rica. The main products exported from Ireland to Costa Rica were Other Iron Products ($55.4M), Vaccines, blood, antisera, toxins and cultures ($29.7M), and Packaged Medicaments ($14.1M). During the last 5 years the exports of Ireland to Costa Rica have increased at an annualized rate of 25.3%, from $59.9M in 2018 to $185M in 2023.

In 2018, Costa Rica exported $152M to Ireland. The main products exported from Costa Rica to Ireland were Medical Instruments ($48M), Bananas ($23.8M), and Telephones ($20.1M). During the last 5 years the exports of Costa Rica to Ireland have increased at an annualized rate of 9.33%, from $97.1M in 2023 to $152M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Costa Rica
Top Destination
United States$9.5B

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

In 2023, countries that imported more from Ireland than Costa Rica included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

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

Comparative Advantage Ireland - Costa Rica

Flow
Scale

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

During 2023, Ireland had a large net trade with Costa Rica in the exports of Metals ($69.2M), Chemical Products ($56.4M), and Machines ($15.8M).

During 2018, Costa Rica had a large net trade with Ireland in the exports of Instruments ($57.7M), Machines ($41.9M), and Vegetable Products ($32.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Costa Rica+$10.3MVaccines, blood, antisera, toxins and cultures
Top Product Potential Costa Rica Ireland+$10.2MMedical 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 Ireland and Costa Rica. This means that a dot/product with the flag of Ireland 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 Ireland.

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

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