2022
Exports
$1.37MWorld Rnk 86 / 151
Flag Rnk 315 / 1045
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$71.3MWorld Rnk 81 / 214
Flag Rnk 57 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $1.37M in Hot-Rolled Iron, making it the 86th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 315th most exported product in Costa Rica. The main destination of Hot-Rolled Iron exports from Costa Rica are: Guatemala ($676k), Nicaragua ($518k), Panama ($100k), El Salvador ($38.1k), and Honduras ($25k).

The fastest growing export markets for Hot-Rolled Iron of Costa Rica between 2021 and 2022 were Guatemala ($591k), Nicaragua ($448k), and El Salvador ($27k).

Imports In 2022, Costa Rica imported $71.3M in Hot-Rolled Iron, becoming the 81st largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 57th most imported product in Costa Rica. Costa Rica imports Hot-Rolled Iron primarily from: Japan ($47.6M), China ($15.7M), Russia ($2.39M), El Salvador ($1.66M), and Mexico ($1.37M).

The fastest growing import markets in Hot-Rolled Iron for Costa Rica between 2021 and 2022 were China ($9.85M), Russia ($2.04M), and Mexico ($293k).

Latest Trends

Jul 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 Hot-Rolled Iron. 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)$1.37M
IMPORTS (2022)$71.3M
NET TRADE (2022)-$69.9M

In 2022, Costa Rica exported $1.37M in Hot-Rolled Iron. The main destinations of Costa Rica exports on Hot-Rolled Iron were Guatemala ($676k), Nicaragua ($518k), Panama ($100k), El Salvador ($38.1k), and Honduras ($25k).

In 2022, Costa Rica imported $71.3M in Hot-Rolled Iron, mainly from Japan ($47.6M), China ($15.7M), Russia ($2.39M), El Salvador ($1.66M), and Mexico ($1.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Guatemala$591k (694%)
Nicaragua$448k (635%)
El Salvador$27k (244%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Costa Rica WERE (2021 - 2022):
Panama-$236k (-70.2%)
Costa Rica-$153k (-98.6%)
Pakistan-$51.7k (-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 Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Costa Rica's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPanama+ $48.5k
TOP IMPORT POTENTIALChina+ $5.39M

Hot-Rolled Iron’s highest export potential is Panama. With an export gap of $48.5k.   Hot-Rolled Iron’s highest import potential is China with an import gap of $5.39M.

See methodology.

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