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Pricing

2022
Flag → Flag
Exports $261MRnk 98 / 221
2022
Flag → Flag
Top Product $55.3MPackaged Medicaments
2022
Flag → Flag
Exports $194MRnk 17 / 178
2022
Flag → Flag
Top Product $88.1MTropical Fruits
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Italy-Costa Rica Trade: In 2022, Italy exported $261M to Costa Rica. The main products that Italy exported to Costa Rica were Packaged Medicaments ($55.3M), Other Plastic Products ($7.6M), and Unglazed Ceramics ($6.91M). Over the past 5 years the exports of Italy to Costa Rica have increased at an annualized rate of 6.5%, from $190M in 2017 to $261M in 2022.

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

Costa Rica-Italy Trade: In 2022, Costa Rica exported $194M to Italy. The main products that Costa Rica exported to Italy were Tropical Fruits ($88.1M), Bananas ($82.1M), and Coffee ($8.05M). Over the past 5 years the exports of Costa Rica to Italy have increased at an annualized rate of 0.18%,  from $193M in 2017 to $194M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €4.52M and imported €15.7M from Costa Rica, resulting in a negative trade balance of €11.2M. Between July 2023 and July 2024 the exports of Italy have decreased by €-3.57M (-44.2%) from €8.09M to €4.52M, while imports decreased by €-2.36M (-13.1%) from €18M to €15.7M.

Growth In July 2024, the decrease in Italy's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in . In August 2024, the decrease in Italy's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-3.57M(-44.2%)
IMPORT GROWTH (August 2023 - August 2024)€-2.36M(-13.1%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Costa Rica and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Costa Rica and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $261M to Costa Rica. The main products exported from Italy to Costa Rica were Packaged Medicaments ($55.3M), Other Plastic Products ($7.6M), and Unglazed Ceramics ($6.91M). During the last 5 years the exports of Italy to Costa Rica have increased at an annualized rate of 6.5%, from $190M in 2017 to $261M in 2022.

In 2017, Costa Rica exported $194M to Italy. The main products exported from Costa Rica to Italy were Tropical Fruits ($88.1M), Bananas ($82.1M), and Coffee ($8.05M). During the last 5 years the exports of Costa Rica to Italy have increased at an annualized rate of 0.18%, from $193M in 2022 to $194M in 2017.

Exports from Italy (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Italy than Costa Rica included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Costa Rica than Italy included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

Difference in imports from Costa Rica (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Costa Rica

Flow
Scale

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

During 2022, Italy had a large net trade with Costa Rica in the exports of Chemical Products ($70.7M), Machines ($65.8M), and Plastics and Rubbers ($22.9M).

During 2017, Costa Rica had a large net trade with Italy in the exports of Vegetable Products ($180M), Foodstuffs ($5.15M), and Precious Metals ($1.85M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Costa Rica+$14MPackaged Medicaments
Top Product Potential Costa Rica Italy+$9.23MCoffee

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

Product Space of Italy (Flag) and Costa Rica (Flag) (2022)

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