2022
Flag  
GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 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 
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Bermuda-Costa Rica Trade: In 2022, Bermuda exported $478 to Costa Rica. The main products that Bermuda exported to Costa Rica were Seats ($390), Other Electrical Machinery ($45), and Integrated Circuits ($43). Over the past 5 years the exports of Bermuda to Costa Rica have decreased at an annualized rate of 41.1%, from $6.72k in 2017 to $478 in 2022.

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

Costa Rica-Bermuda Trade: In 2022, Costa Rica exported $613k to Bermuda. The main products that Costa Rica exported to Bermuda were Plastic Pipes ($264k), Vaccines, blood, antisera, toxins and cultures ($141k), and Packaged Medicaments ($76.6k). Over the past 5 years the exports of Costa Rica to Bermuda have decreased at an annualized rate of 1.79%,  from $709k in 2017 to $613k in 2022.

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

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. 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, Bermuda exported $478 to Costa Rica. The main products exported from Bermuda to Costa Rica were Seats ($390), Other Electrical Machinery ($45), and Integrated Circuits ($43). During the last 5 years the exports of Bermuda to Costa Rica have decreased at an annualized rate of 41.1%, from $6.72k in 2017 to $478 in 2022.

In 2017, Costa Rica exported $613k to Bermuda. The main products exported from Costa Rica to Bermuda were Plastic Pipes ($264k), Vaccines, blood, antisera, toxins and cultures ($141k), and Packaged Medicaments ($76.6k). During the last 5 years the exports of Costa Rica to Bermuda have decreased at an annualized rate of 1.79%, from $709k in 2022 to $613k in 2017.

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

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

Latest Data

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

Costa Rica Exports

Market Competitiveness

Color
Bermuda
Top Destination
Zambia$17.5M
Costa Rica
Top Destination
United States$6.83B

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

In 2022, countries that imported more from Bermuda than Costa Rica included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

In 2022, countries that imported more from Costa Rica than Bermuda included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

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

Comparative Advantage Bermuda - Costa Rica

Flow
Scale

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

During 2022, Bermuda had a large net trade with Costa Rica in the exports of Miscellaneous ($390) and Machines ($88).

During 2017, Costa Rica had a large net trade with Bermuda in the exports of Plastics and Rubbers ($265k), Chemical Products ($217k), and Paper Goods ($47k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bermuda and Costa Rica. This means that a dot/product with the flag of Bermuda 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 Bermuda.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with