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2023
Flag → Flag
Exports $1.85MRnk 101 / 172
2023
Flag → Flag
Top Product $768kOther Rubber Products
2023
Flag → Flag
Exports $3.51MRnk 52 / 136
2023
Flag → Flag
Top Product $1.63MDried Legumes
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Costa Rica-Bolivia Trade: In 2023, Costa Rica exported $1.85M to Bolivia. The main products that Costa Rica exported to Bolivia were Other Rubber Products ($768k), Chemical Analysis Instruments ($300k), and Other Iron Products ($153k). Over the past 5 years the exports of Costa Rica to Bolivia have increased at an annualized rate of 3.22%, from $1.58M in 2018 to $1.85M in 2023.

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

Bolivia-Costa Rica Trade: In 2023, Bolivia exported $3.51M to Costa Rica. The main products that Bolivia exported to Costa Rica were Dried Legumes ($1.63M), Borax ($723k), and Soybean Oil ($464k). Over the past 5 years the exports of Bolivia to Costa Rica have decreased at an annualized rate of 0.24%,  from $3.55M in 2018 to $3.51M in 2023.

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

Comparison: In 2023,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $1.85M to Bolivia. The main products exported from Costa Rica to Bolivia were Other Rubber Products ($768k), Chemical Analysis Instruments ($300k), and Other Iron Products ($153k). During the last 5 years the exports of Costa Rica to Bolivia have increased at an annualized rate of 3.22%, from $1.58M in 2018 to $1.85M in 2023.

In 2018, Bolivia exported $3.51M to Costa Rica. The main products exported from Bolivia to Costa Rica were Dried Legumes ($1.63M), Borax ($723k), and Soybean Oil ($464k). During the last 5 years the exports of Bolivia to Costa Rica have decreased at an annualized rate of 0.24%, from $3.55M in 2023 to $3.51M in 2018.

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

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

Latest Data

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

Costa Rica Exports

Bolivia Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Costa Rica than Bolivia included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

In 2023, countries that imported more from Bolivia than Costa Rica included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

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

Comparative Advantage Costa Rica - Bolivia

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Bolivia in the exports of Plastics and Rubbers ($838k), Instruments ($426k), and Metals ($154k).

During 2018, Bolivia had a large net trade with Costa Rica in the exports of Vegetable Products ($1.77M), Mineral Products ($723k), and Animal and Vegetable Bi-Products ($506k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Bolivia+$332kMedical Instruments
Top Product Potential Bolivia Costa Rica+$122kSoybean Oil

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 Costa Rica and Bolivia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Costa Rica.

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

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