2022
Exports
$130MWorld Rnk 42 / 162
Flag Rnk 17 / 1045
2022
PRODUCT COMPLEXITY IN Raw Iron Bars
-1.3Rnk 911 / 1025
2022
Imports
$35.9MWorld Rnk 103 / 217
Flag Rnk 120 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $130M in Raw Iron Bars, making it the 42nd largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 17th most exported product in Costa Rica. The main destination of Raw Iron Bars exports from Costa Rica are: Dominican Republic ($61.9M), Nicaragua ($28.1M), Honduras ($19M), Guatemala ($12.2M), and El Salvador ($6.05M).

The fastest growing export markets for Raw Iron Bars of Costa Rica between 2021 and 2022 were Dominican Republic ($17M), Honduras ($7.77M), and Guatemala ($3.88M).

Imports In 2022, Costa Rica imported $35.9M in Raw Iron Bars, becoming the 103rd largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 120th most imported product in Costa Rica. Costa Rica imports Raw Iron Bars primarily from: Turkey ($31.2M), Nicaragua ($2.78M), Dominican Republic ($817k), China ($451k), and United States ($217k).

The fastest growing import markets in Raw Iron Bars for Costa Rica between 2021 and 2022 were Turkey ($21.7M), China ($400k), and Costa Rica ($146k).

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 Raw Iron Bars. 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)$130M
IMPORTS (2022)$35.9M
NET TRADE (2022)$93.8M

In 2022, Costa Rica exported $130M in Raw Iron Bars. The main destinations of Costa Rica exports on Raw Iron Bars were Dominican Republic ($61.9M), Nicaragua ($28.1M), Honduras ($19M), Guatemala ($12.2M), and El Salvador ($6.05M).

In 2022, Costa Rica imported $35.9M in Raw Iron Bars, mainly from Turkey ($31.2M), Nicaragua ($2.78M), Dominican Republic ($817k), China ($451k), and United States ($217k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Honduras$7.77M (69.1%)
Guatemala$3.88M (46.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Costa Rica WERE (2021 - 2022):
Nicaragua-$16.8M (-37.4%)
Luxembourg-$10.1M (-100%)
Colombia-$7.11M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Italy $1.71B
In 2022, Costa Rica's main importing competitors in Raw Iron Bars were:

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPanama+ $1.35M
TOP IMPORT POTENTIALChina+ $624k

Raw Iron Bars’s highest export potential is Panama. With an export gap of $1.35M.   Raw Iron Bars’s highest import potential is China with an import gap of $624k.

See methodology.

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