2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 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 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 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

Israel-Costa Rica Trade: In 2023, Israel exported $36.4M to Costa Rica. The main products that Israel exported to Costa Rica were Pesticides ($10.8M), Raw Plastic Sheeting ($2.3M), and Other Plastic Sheetings ($1.68M). Over the past 5 years the exports of Israel to Costa Rica have decreased at an annualized rate of 6.88%, from $52M in 2018 to $36.4M in 2023.

In 2007, Israel exported services to Costa Rica worth $2.92M, with Construction services ($2.92M) being the largest in terms of value.

Costa Rica-Israel Trade: In 2023, Costa Rica exported $31.1M to Israel. The main products that Costa Rica exported to Israel were Medical Instruments ($7.61M), Tropical Fruits ($5.59M), and Orthopedic Appliances ($4.67M). Over the past 5 years the exports of Costa Rica to Israel have increased at an annualized rate of 24.2%,  from $10.5M in 2018 to $31.1M in 2023.

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

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $36.4M to Costa Rica. The main products exported from Israel to Costa Rica were Pesticides ($10.8M), Raw Plastic Sheeting ($2.3M), and Other Plastic Sheetings ($1.68M). During the last 5 years the exports of Israel to Costa Rica have decreased at an annualized rate of 6.88%, from $52M in 2018 to $36.4M in 2023.

In 2018, Costa Rica exported $31.1M to Israel. The main products exported from Costa Rica to Israel were Medical Instruments ($7.61M), Tropical Fruits ($5.59M), and Orthopedic Appliances ($4.67M). During the last 5 years the exports of Costa Rica to Israel have increased at an annualized rate of 24.2%, from $10.5M in 2023 to $31.1M in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Costa Rica (Flag)

Israel Exports

Costa Rica Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Costa Rica
Top Destination
United States$9.5B

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

In 2023, countries that imported more from Israel than Costa Rica included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Costa Rica than Israel included Guatemala ($846M), Nicaragua ($661M), and Panama ($585M).

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

Comparative Advantage Israel - Costa Rica

Flow
Scale

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

During 2023, Israel had a large net trade with Costa Rica in the exports of Chemical Products ($15.2M), Instruments ($7.15M), and Machines ($6.35M).

During 2018, Costa Rica had a large net trade with Israel in the exports of Instruments ($13.2M), Vegetable Products ($8.29M), and Machines ($5.92M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Costa Rica+$1.97MMedical Instruments
Top Product Potential Costa Rica Israel+$1.62MIntegrated Circuits

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 Israel and Costa Rica. This means that a dot/product with the flag of Israel 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 Israel.

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

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