2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
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GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Ireland-Costa Rica Trade: In 2022, Ireland exported $107M to Costa Rica. The main products that Ireland exported to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($21.9M), Packaged Medicaments ($12M), and Aircraft Parts ($12M). Over the past 5 years the exports of Ireland to Costa Rica have increased at an annualized rate of 10.8%, from $64.4M in 2017 to $107M in 2022.

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

Costa Rica-Ireland Trade: In 2022, Costa Rica exported $97M to Ireland. The main products that Costa Rica exported to Ireland were Medical Instruments ($42.9M), Bananas ($21.4M), and Other Iron Products ($8.42M). Over the past 5 years the exports of Costa Rica to Ireland have increased at an annualized rate of 2.79%,  from $84.5M in 2017 to $97M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $107M to Costa Rica. The main products exported from Ireland to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($21.9M), Packaged Medicaments ($12M), and Aircraft Parts ($12M). During the last 5 years the exports of Ireland to Costa Rica have increased at an annualized rate of 10.8%, from $64.4M in 2017 to $107M in 2022.

In 2017, Costa Rica exported $97M to Ireland. The main products exported from Costa Rica to Ireland were Medical Instruments ($42.9M), Bananas ($21.4M), and Other Iron Products ($8.42M). During the last 5 years the exports of Costa Rica to Ireland have increased at an annualized rate of 2.79%, from $84.5M in 2022 to $97M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Costa Rica
Top Destination
United States$6.83B

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

In 2022, countries that imported more from Ireland than Costa Rica included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Costa Rica than Ireland included Guatemala ($821M), Nicaragua ($593M), and Panama ($564M).

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

Comparative Advantage Ireland - Costa Rica

Flow
Scale

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

During 2022, Ireland had a large net trade with Costa Rica in the exports of Chemical Products ($46.8M), Plastics and Rubbers ($12.6M), and Instruments ($12.2M).

During 2017, Costa Rica had a large net trade with Ireland in the exports of Instruments ($44.3M), Vegetable Products ($26.5M), and Metals ($12.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Costa Rica+$10.3MVaccines, blood, antisera, toxins and cultures
Top Product Potential Costa Rica Ireland+$10.2MMedical Instruments

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

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

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