2022
Exports
$1.69MWorld Rnk 76 / 156
Flag Rnk 286 / 1045
2022
PRODUCT COMPLEXITY IN Iron Wire
-0.35Rnk 661 / 1025
2022
Imports
$20.7MWorld Rnk 81 / 216
Flag Rnk 191 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $1.69M in Iron Wire, making it the 76th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 286th most exported product in Costa Rica. The main destination of Iron Wire exports from Costa Rica are: Ireland ($725k), Barbados ($253k), Guatemala ($230k), United States ($112k), and Nicaragua ($87.1k).

The fastest growing export markets for Iron Wire of Costa Rica between 2021 and 2022 were Barbados ($163k), United States ($80.7k), and India ($67.1k).

Imports In 2022, Costa Rica imported $20.7M in Iron Wire, becoming the 81st largest importer of Iron Wire in the world. At the same year, Iron Wire was the 191st most imported product in Costa Rica. Costa Rica imports Iron Wire primarily from: United States ($3.46M), Turkey ($3.32M), South Korea ($2.6M), China ($1.8M), and Guatemala ($1.48M).

The fastest growing import markets in Iron Wire for Costa Rica between 2021 and 2022 were South Korea ($848k), United States ($812k), and Colombia ($600k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Iron Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.69M
IMPORTS (2022)$20.7M
NET TRADE (2022)-$19M

In 2022, Costa Rica exported $1.69M in Iron Wire. The main destinations of Costa Rica exports on Iron Wire were Ireland ($725k), Barbados ($253k), Guatemala ($230k), United States ($112k), and Nicaragua ($87.1k).

In 2022, Costa Rica imported $20.7M in Iron Wire, mainly from United States ($3.46M), Turkey ($3.32M), South Korea ($2.6M), China ($1.8M), and Guatemala ($1.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Barbados$163k (179%)
United States$80.7k (255%)
India$67.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Costa Rica WERE (2021 - 2022):
Ireland-$2.76M (-79.2%)
Panama-$104k (-80.5%)
Guatemala-$93.3k (-28.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Iron Wire were:
In 2022, Costa Rica's main importing competitors in Iron Wire were:

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $200k
TOP IMPORT POTENTIALChina+ $1.42M

Iron Wire’s highest export potential is United States. With an export gap of $200k.   Iron Wire’s highest import potential is China with an import gap of $1.42M.

See methodology.

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