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2023
Flag → Flag
Exports $356kRnk 55 / 139
2023
Flag → Flag
Top Product $218kCleaning Products
2023
Flag → Flag
Exports $16MRnk 64 / 172
2023
Flag → Flag
Top Product $5.75MOther Edible Preparations
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Barbados-Costa Rica Trade: In 2023, Barbados exported $356k to Costa Rica. The main products that Barbados exported to Costa Rica were Cleaning Products ($218k), Industrial Printers ($26.7k), and Plastic Lids ($23.3k). Over the past 5 years the exports of Barbados to Costa Rica have increased at an annualized rate of 3.18%, from $304k in 2018 to $356k in 2023.

In 2023, Barbados did not export any services to Costa Rica.

Costa Rica-Barbados Trade: In 2023, Costa Rica exported $16M to Barbados. The main products that Costa Rica exported to Barbados were Other Edible Preparations ($5.75M), Glass Bottles ($3.49M), and Pasta ($1.3M). Over the past 5 years the exports of Costa Rica to Barbados have increased at an annualized rate of 5.38%,  from $12.3M in 2018 to $16M in 2023.

In 2023, Costa Rica did not export any services to Barbados.

Comparison In 2023,  Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $356k to Costa Rica. The main products exported from Barbados to Costa Rica were Cleaning Products ($218k), Industrial Printers ($26.7k), and Plastic Lids ($23.3k). During the last 5 years the exports of Barbados to Costa Rica have increased at an annualized rate of 3.18%, from $304k in 2018 to $356k in 2023.

In 2018, Costa Rica exported $16M to Barbados. The main products exported from Costa Rica to Barbados were Other Edible Preparations ($5.75M), Glass Bottles ($3.49M), and Pasta ($1.3M). During the last 5 years the exports of Costa Rica to Barbados have increased at an annualized rate of 5.38%, from $12.3M in 2023 to $16M in 2018.

Exports from Barbados (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Barbados (Flag) (2023)

Latest Data

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

Barbados Exports

Costa Rica Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Barbados than Costa Rica included Saint Lucia ($19.5M), Grenada ($13.4M), and Saint Vincent and the Grenadines ($10.9M).

In 2023, countries that imported more from Costa Rica than Barbados included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

Difference in imports from Costa Rica (Flag) and Barbados (Flag) (2023)

Comparative Advantage Barbados - Costa Rica

Flow
Scale

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

During 2023, Barbados had a large net trade with Costa Rica in the exports of Chemical Products ($243k), Foodstuffs ($42.8k), and Machines ($31.1k).

During 2018, Costa Rica had a large net trade with Barbados in the exports of Foodstuffs ($8.83M), Stone And Glass ($4.06M), and Chemical Products ($1.05M).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Costa Rica (Flag) (2023)

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