India (IND) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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India-Costa Rica In 2022, India exported $245M to Costa Rica. The main products that India exported to Costa Rica are Semi-Finished Iron ($42.7M), Cars ($32.5M), and Pesticides ($28.4M). During the last 27 years the exports of India to Costa Rica have increased at an annualized rate of 19%, from $2.21M in 1995 to $245M in 2022.

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

Costa Rica-India In 2022, Costa Rica exported $35.2M to India. The main products that Costa Rica exported to India were Rough Wood ($18.8M), Other Oily Seeds ($2.26M), and Telephones ($2.19M). During the last 27 years the exports of Costa Rica to India have increased at an annualized rate of 16%, from $646k in 1995 to $35.2M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $13.5M and imported $4.89M from Costa Rica, resulting in a positive trade balance of $8.65M. Between January 2023 and January 2024 the exports of India have decreased by $-11.1M (-45.1%) from $24.7M to $13.5M, while imports increased by $222k (4.76%) from $4.66M to $4.89M.

Trade In January 2024, the top exports of India to Costa Rica were Iron And Steel ($11.1M), Motor Vehicle/Cars ($3.09M), Agro Chemicals ($2.56M), Drug Formulations, Biologicals ($2.21M), and Medical And Scientific Instrum ($752k). In January 2024 the top imports of India from Costa Rica were Computer Hardware, Peripherals ($2.01M), Other Wood And Wood Products ($1.63M), Iron And Steel ($246k), Other Commodities ($212k), and Surgicals ($145k).

Growth In January 2024, the decrease in India's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Plastic Raw Materials ($-424k or -79.6%), Spices ($-312k or -76.9%), and Ceramics And Allied Products ($-279k or -68.8%). In January 2024, the increase in India's year-by-year imports from Costa Rica was explained primarily by an increase in product imports in Other Wood And Wood Products ($615k or 60.7%) and Iron And Steel ($128k or 109%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-11.1M(-45.1%)

IMPORT GROWTH (January 2023 - January 2024)$222k(4.76%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $245M to Costa Rica. The main products exported from India to Costa Rica were Semi-Finished Iron ($42.7M), Cars ($32.5M), and Pesticides ($28.4M). During the last 27 years the exports of India to Costa Rica have increased at an annualized rate of 19%, from $2.21M in 1995 to $245M in 2022.

In 2022, Costa Rica exported $35.2M to India. The main products exported from Costa Rica to India were Rough Wood ($18.8M), Other Oily Seeds ($2.26M), and Telephones ($2.19M). During the last 27 years the exports of Costa Rica to India have increased at an annualized rate of 16%, from $646k in 1995 to $35.2M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Costa Rica
Top DestinationUnited States$6.83B

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

In 2021, countries that imported more from India than Costa Rica were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Costa Rica than India were Panama ($564M), Honduras ($517M), and Guatemala ($821M).

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

Comparative Advantage India - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Costa Rica in the exports of Chemical Products ($80.2M), Metals ($52.4M), and Transportation ($46.5M).

During 2022, Costa Rica had a large net trade with India in the exports of Wood Products ($19.5M), Machines ($6.04M), and Metals ($3.93M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage India - Costa Rica

Economic Complexity

Competitive Landscape

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

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