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Pricing

2022
Flag → Flag
Exports $4.22MRnk 43 / 146
2022
Flag → Flag
Top Product $1.71MSeed Oils
2022
Flag → Flag
Exports $1.52MRnk 102 / 178
2022
Flag → Flag
Top Product $461kOther Rubber Products
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Bolivia-Costa Rica Trade: In 2022, Bolivia exported $4.22M to Costa Rica. The main products that Bolivia exported to Costa Rica were Seed Oils ($1.71M), Dried Legumes ($1.54M), and Borax ($311k). Over the past 5 years the exports of Bolivia to Costa Rica have increased at an annualized rate of 20%, from $1.69M in 2017 to $4.22M in 2022.

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

Costa Rica-Bolivia Trade: In 2022, Costa Rica exported $1.52M to Bolivia. The main products that Costa Rica exported to Bolivia were Other Rubber Products ($461k), Twine and Rope ($146k), and Pasta ($89.4k). Over the past 5 years the exports of Costa Rica to Bolivia have decreased at an annualized rate of 0.44%,  from $1.55M in 2017 to $1.52M in 2022.

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

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

December, 2023

About

Overview In December 2023, Bolivia exported $325k and imported $32.8k from Costa Rica, resulting in a positive trade balance of $292k. Between December 2022 and December 2023 the exports of Bolivia have increased by $260k (400%) from $64.9k to $325k, while imports decreased by $-18.3k (-35.8%) from $51.1k to $32.8k.

Trade In December 2023, the top exports of Bolivia to Costa Rica were Manufactures of asbestos; friction materials ($34.1k). In December 2023 the top imports of Bolivia from Costa Rica were Hard rubber; articles of hardened rubber... ($60k), Manufactures of mineral materials, n.e.s. (other... ($28.1k), Instruments and appliances used in medical,... ($10.3k), Chemical products and preparations, n.e.s. ($3k), and Glass, n.e.s. ($1.58k).

Origins In December 2023 the exports of Bolivia were mainly from Santa Cruz ($304k), La Paz ($11.8k), and Potosí ($8.77k), while imports destinations were mainly La Paz ($19.6k), Santa Cruz ($12.4k), Potosí ($801), and Cochabamba ($24).

Growth In December 2023, the increase in Bolivia's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in . In December 2023, the decrease in Bolivia's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in Glass, n.e.s. ($-3.67k or -69.9%) and Electrical apparatus for switching or protecting... ($-458 or -47.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2022 - December 2023)$260k(400%)
IMPORT GROWTH (December 2022 - December 2023)$-18.3k(-35.8%)
MAIN EXPORTER (December 2023)Santa Cruz$304k

This section shows exports and imports data at subnational level for Bolivia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Bolivia over time.

To check Costa Rica and Bolivia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Costa Rica and Bolivia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $4.22M to Costa Rica. The main products exported from Bolivia to Costa Rica were Seed Oils ($1.71M), Dried Legumes ($1.54M), and Borax ($311k). During the last 5 years the exports of Bolivia to Costa Rica have increased at an annualized rate of 20%, from $1.69M in 2017 to $4.22M in 2022.

In 2017, Costa Rica exported $1.52M to Bolivia. The main products exported from Costa Rica to Bolivia were Other Rubber Products ($461k), Twine and Rope ($146k), and Pasta ($89.4k). During the last 5 years the exports of Costa Rica to Bolivia have decreased at an annualized rate of 0.44%, from $1.55M in 2022 to $1.52M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top DestinationIndia$2.27B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Bolivia than Costa Rica included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

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

Comparative Advantage Bolivia - Costa Rica

Flow
Scale

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

During 2022, Bolivia had a large net trade with Costa Rica in the exports of Animal and Vegetable Bi-Products ($1.75M), Vegetable Products ($1.67M), and Mineral Products ($311k).

During 2017, Costa Rica had a large net trade with Bolivia in the exports of Plastics and Rubbers ($542k), Machines ($279k), and Foodstuffs ($160k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Costa Rica+$122kSoybean Oil
Top Product Potential Costa Rica Bolivia+$332kMedical 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 Bolivia and Costa Rica. This means that a dot/product with the flag of Bolivia 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 Bolivia.

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

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