2022
Exports
$10.4MWorld Rnk 65 / 177
Flag Rnk 128 / 1045
2022
PRODUCT COMPLEXITY IN Iron Blocks
-0.42Rnk 679 / 1025
2022
Imports
$37.9MWorld Rnk 84 / 219
Flag Rnk 111 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2022, Costa Rica exported $10.4M in Iron Blocks, making it the 65th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 128th most exported product in Costa Rica. The main destination of Iron Blocks exports from Costa Rica are: Nicaragua ($2.34M), El Salvador ($2.15M), Honduras ($2.14M), Guatemala ($1.91M), and United States ($690k).

The fastest growing export markets for Iron Blocks of Costa Rica between 2021 and 2022 were Honduras ($780k), United States ($375k), and Panama ($199k).

Imports In 2022, Costa Rica imported $37.9M in Iron Blocks, becoming the 84th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 111th most imported product in Costa Rica. Costa Rica imports Iron Blocks primarily from: China ($7.44M), Dominican Republic ($6.62M), Honduras ($4.25M), Mexico ($4.1M), and Turkey ($3.82M).

The fastest growing import markets in Iron Blocks for Costa Rica between 2021 and 2022 were Nicaragua ($2.37M), Dominican Republic ($1.56M), and Slovenia ($98.9k).

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 Iron Blocks. 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)$10.4M
IMPORTS (2022)$37.9M
NET TRADE (2022)-$27.5M

In 2022, Costa Rica exported $10.4M in Iron Blocks. The main destinations of Costa Rica exports on Iron Blocks were Nicaragua ($2.34M), El Salvador ($2.15M), Honduras ($2.14M), Guatemala ($1.91M), and United States ($690k).

In 2022, Costa Rica imported $37.9M in Iron Blocks, mainly from China ($7.44M), Dominican Republic ($6.62M), Honduras ($4.25M), Mexico ($4.1M), and Turkey ($3.82M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Honduras$780k (57.2%)
United States$375k (119%)
Panama$199k (172%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Costa Rica WERE (2021 - 2022):
El Salvador-$1.51M (-41.4%)
Dominican Republic-$737k (-87.5%)
Guatemala-$283k (-12.9%)

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 Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Costa Rica's main importing competitors in Iron Blocks were:

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $913k
TOP IMPORT POTENTIALChina+ $1.54M

Iron Blocks’s highest export potential is United States. With an export gap of $913k.   Iron Blocks’s highest import potential is China with an import gap of $1.54M.

See methodology.

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