Costa Rica (CRI) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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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.

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 13.9%, from $1.69M in 2017 to $4.22M in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $1.52M in 2022.

In 2017, 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 13.9%, from $1.69M in 2022 to $4.22M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Bolivia ()

Costa Rica Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Bolivia
Top DestinationIndia$2.27B

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

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

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

Comparative Advantage Costa Rica - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Bolivia in the exports of Plastics and Rubbers ($542k), Machines ($279k), and Foodstuffs ($160k).

During 2017, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Bolivia ()

Costa Rica Exports

Bolivia Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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