2023
Flag  
GDP
$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH
69.8%CURRENT US$
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2023
Flag
GDP PC 
$16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH
56.8%CURRENT US$
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About

Costa Rica-British Virgin Islands Trade: In 2023, Costa Rica exported $424k to British Virgin Islands. The main products that Costa Rica exported to British Virgin Islands were Recreational Boats ($228k), Light Fixtures ($89.8k), and Other Processed Fruits and Nuts ($86.7k). Over the past 5 years the exports of Costa Rica to British Virgin Islands have increased at an annualized rate of 69%, from $30.8k in 2018 to $424k in 2023.

In 2023, Costa Rica did not export any services to British Virgin Islands.

British Virgin Islands-Costa Rica Trade: In 2023, British Virgin Islands exported $187k to Costa Rica. The main products that British Virgin Islands exported to Costa Rica were Office Machine Parts ($114k), Eyewear Frames ($46k), and Industrial Printers ($19.4k). Over the past 5 years the exports of British Virgin Islands to Costa Rica have decreased at an annualized rate of 56.8%,  from $12.4M in 2018 to $187k in 2023.

In 2023, British Virgin Islands 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, British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $424k to British Virgin Islands. The main products exported from Costa Rica to British Virgin Islands were Recreational Boats ($228k), Light Fixtures ($89.8k), and Other Processed Fruits and Nuts ($86.7k). During the last 5 years the exports of Costa Rica to British Virgin Islands have increased at an annualized rate of 69%, from $30.8k in 2018 to $424k in 2023.

In 2018, British Virgin Islands exported $187k to Costa Rica. The main products exported from British Virgin Islands to Costa Rica were Office Machine Parts ($114k), Eyewear Frames ($46k), and Industrial Printers ($19.4k). During the last 5 years the exports of British Virgin Islands to Costa Rica have decreased at an annualized rate of 56.8%, from $12.4M in 2023 to $187k in 2018.

Exports from Costa Rica (Flag) to British Virgin Islands (Flag) (2023)

Exports from British Virgin Islands (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and British Virgin Islands (Flag)

Costa Rica Exports

Date

Market Competitiveness

Color
Costa Rica
Top Destination
United States$9.5B
British Virgin Islands
Top Destination
Malta$93.7M

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

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

In 2023, countries that imported more from British Virgin Islands than Costa Rica included Malta ($93.7M), Guyana ($61.6M), and Greece ($30.3M).

Difference in imports from British Virgin Islands (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - British Virgin Islands

Flow
Scale

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

During 2023, Costa Rica had a large net trade with British Virgin Islands in the exports of Transportation ($228k), Foodstuffs ($97.5k), and Miscellaneous ($89.8k).

During 2018, British Virgin Islands had a large net trade with Costa Rica in the exports of Machines ($134k), Instruments ($46k), and Chemical Products ($4.41k).

Economic Complexity

Competitive Landscape

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

Product Space of Costa Rica (Flag) and British Virgin Islands (Flag) (2023)

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