NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $60.8MRnk 41 / 172
2023
Flag → Flag
Top Product $20.6MOther Edible Preparations
2023
Flag → Flag
Exports $2.54MRnk 53 / 123
2023
Flag → Flag
Top Product $714kMattresses
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 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$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Costa Rica-Trinidad and Tobago Trade: In 2023, Costa Rica exported $60.8M to Trinidad and Tobago. The main products that Costa Rica exported to Trinidad and Tobago were Other Edible Preparations ($20.6M), Vaccines, blood, antisera, toxins and cultures ($6.5M), and Root Vegetables ($4.44M). Over the past 5 years the exports of Costa Rica to Trinidad and Tobago have increased at an annualized rate of 1.7%, from $55.9M in 2018 to $60.8M in 2023.

In 2023, Costa Rica did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Costa Rica Trade: In 2023, Trinidad and Tobago exported $2.54M to Costa Rica. The main products that Trinidad and Tobago exported to Costa Rica were Mattresses ($714k), Prepared Cereals ($462k), and Other Processed Fruits and Nuts ($284k). Over the past 5 years the exports of Trinidad and Tobago to Costa Rica have decreased at an annualized rate of 31.8%,  from $17.2M in 2018 to $2.54M in 2023.

In 2023, Trinidad and Tobago 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, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $60.8M to Trinidad and Tobago. The main products exported from Costa Rica to Trinidad and Tobago were Other Edible Preparations ($20.6M), Vaccines, blood, antisera, toxins and cultures ($6.5M), and Root Vegetables ($4.44M). During the last 5 years the exports of Costa Rica to Trinidad and Tobago have increased at an annualized rate of 1.7%, from $55.9M in 2018 to $60.8M in 2023.

In 2018, Trinidad and Tobago exported $2.54M to Costa Rica. The main products exported from Trinidad and Tobago to Costa Rica were Mattresses ($714k), Prepared Cereals ($462k), and Other Processed Fruits and Nuts ($284k). During the last 5 years the exports of Trinidad and Tobago to Costa Rica have decreased at an annualized rate of 31.8%, from $17.2M in 2023 to $2.54M in 2018.

Exports from Costa Rica (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and Trinidad and Tobago (Flag)

Costa Rica Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

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

In 2023, countries that imported more from Trinidad and Tobago than Costa Rica included Guyana ($625M), Chile ($605M), and Barbados ($460M).

Difference in imports from Trinidad and Tobago (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Trinidad and Tobago

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($27.6M), Chemical Products ($11.1M), and Paper Goods ($6.81M).

During 2018, Trinidad and Tobago had a large net trade with Costa Rica in the exports of Foodstuffs ($909k), Miscellaneous ($757k), and Chemical Products ($468k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Trinidad and Tobago+$390kMedical Instruments
Top Product Potential Trinidad and Tobago Costa Rica+$1.88MPetroleum Gas

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Trinidad and Tobago. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and Trinidad and Tobago (Flag) (2023)

Keep Exploring

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