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2022
Flag → Flag
Exports $13.4MRnk 63 / 178
2022
Flag → Flag
Top Product $5MOther Edible Preparations
2022
Flag → Flag
Exports $236kRnk 61 / 139
2022
Flag → Flag
Top Product $147kCleaning Products
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Costa Rica-Barbados In 2022, Costa Rica exported $13.4M to Barbados. The main products that Costa Rica exported to Barbados are Other Edible Preparations ($5M), Pasta ($1.36M), and Asbestos Cement Articles ($983k). During the last 27 years the exports of Costa Rica to Barbados have increased at an annualized rate of 11.2%, from $772k in 1995 to $13.4M in 2022.

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

Barbados-Costa Rica In 2022, Barbados exported $236k to Costa Rica. The main products that Barbados exported to Costa Rica were Cleaning Products ($147k), Shaving Products ($24.1k), and Industrial Fatty Acids, Oils and Alcohols ($19.4k). During the last 27 years the exports of Barbados to Costa Rica have increased at an annualized rate of 3.41%, from $95.4k in 1995 to $236k in 2022.

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

Comparison In 2022,  Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32),  and 82 in total exports ($17.2B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $13.4M to Barbados. The main products exported from Costa Rica to Barbados were Other Edible Preparations ($5M), Pasta ($1.36M), and Asbestos Cement Articles ($983k). During the last 27 years the exports of Costa Rica to Barbados have increased at an annualized rate of 11.2%, from $772k in 1995 to $13.4M in 2022.

In 2022, Barbados exported $236k to Costa Rica. The main products exported from Barbados to Costa Rica were Cleaning Products ($147k), Shaving Products ($24.1k), and Industrial Fatty Acids, Oils and Alcohols ($19.4k). During the last 27 years the exports of Barbados to Costa Rica have increased at an annualized rate of 3.41%, from $95.4k in 1995 to $236k in 2022.

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

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

Latest Data

Trade between Costa Rica (Flag) and Barbados (Flag)

Costa Rica Exports

Barbados Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Barbados
Top DestinationUnited States$88.6M

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

In 2021, countries that imported more from Costa Rica than Barbados were United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2021, countries that imported more from Barbados than Costa Rica were Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

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

Comparative Advantage Costa Rica - Barbados

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Barbados in the exports of Foodstuffs ($7.71M), Chemical Products ($1.57M), and Stone And Glass ($1.5M).

During 2022, Barbados had a large net trade with Costa Rica in the exports of Chemical Products ($196k), Foodstuffs ($18.8k), and Plastics and Rubbers ($9.57k).

Economic Complexity

Competitive Landscape

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 Costa Rica has comparative advantage over Barbados. Similarly, the more yellow a dot/product is, the more Barbados has comparative advantage over Costa Rica.

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

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