Iceland (ISL) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

About

Iceland-Costa Rica Trade: In 2022, Iceland exported $956k to Costa Rica. The main products that Iceland exported to Costa Rica were Other Cloth Articles ($411k), Orthopedic Appliances ($397k), and Beauty Products ($43.2k). Over the past 5 years the exports of Iceland to Costa Rica have decreased at an annualized rate of 18.5%, from $2.65M in 2017 to $956k in 2022.

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

Costa Rica-Iceland In N/A, Costa Rica did not export any products to Iceland.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $956k to Costa Rica. The main products exported from Iceland to Costa Rica were Other Cloth Articles ($411k), Orthopedic Appliances ($397k), and Beauty Products ($43.2k). During the last 5 years the exports of Iceland to Costa Rica have decreased at an annualized rate of 18.5%, from $2.65M in 2017 to $956k in 2022.

Costa Rica does not register exports to Iceland. The main products exported from Costa Rica to Iceland were Bananas ($666k), Tropical Fruits ($537k), and Melons ($474k).

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

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

Latest Data

Trade between Iceland () and Costa Rica ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Iceland than Costa Rica included Netherlands ($1.97B), Norway ($459M), and France ($459M).

In 2022, countries that imported more from Costa Rica than Iceland included United States ($6.83B), Guatemala ($821M), and Belgium ($775M).

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

Comparative Advantage Iceland - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Costa Rica in the exports of Instruments ($414k), Textiles ($411k), and Plastics and Rubbers ($50.3k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Iceland and Costa Rica. This means that a dot/product with the flag of Iceland 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 Iceland.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Costa Rica ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Costa Rica

Economic Complexity

Competitive Landscape

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

Keep Exploring