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2022
Flag → Flag
Exports $17.1MRnk 15 / 157
2022
Flag → Flag
Top Product $15MRefined Petroleum
2022
Flag → Flag
Exports $83.9MRnk 26 / 178
2022
Flag → Flag
Top Product $15.5MGlass Bottles
2022
Flag
Economic Complexity (ECI) ECI -0.17Rnk 72 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH12.7%CURRENT US$
Rnk 105 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Jamaica-Costa Rica Trade: In 2022, Jamaica exported $17.1M to Costa Rica. The main products that Jamaica exported to Costa Rica were Refined Petroleum ($15M), Industrial Fatty Acids, Oils and Alcohols ($506k), and Electrical Parts ($427k). Over the past 5 years the exports of Jamaica to Costa Rica have increased at an annualized rate of 41.4%, from $3.01M in 2017 to $17.1M in 2022.

In 2022, Jamaica did not export any services to Costa Rica.

Costa Rica-Jamaica Trade: In 2022, Costa Rica exported $83.9M to Jamaica. The main products that Costa Rica exported to Jamaica were Glass Bottles ($15.5M), Other Processed Fruits and Nuts ($9.15M), and Paper Containers ($9.12M). Over the past 5 years the exports of Costa Rica to Jamaica have decreased at an annualized rate of 1.02%,  from $88.4M in 2017 to $83.9M in 2022.

In 2022, Costa Rica did not export any services to Jamaica.

Comparison: In 2022,  Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Jamaica exported $17.1M to Costa Rica. The main products exported from Jamaica to Costa Rica were Refined Petroleum ($15M), Industrial Fatty Acids, Oils and Alcohols ($506k), and Electrical Parts ($427k). During the last 5 years the exports of Jamaica to Costa Rica have increased at an annualized rate of 41.4%, from $3.01M in 2017 to $17.1M in 2022.

In 2017, Costa Rica exported $83.9M to Jamaica. The main products exported from Costa Rica to Jamaica were Glass Bottles ($15.5M), Other Processed Fruits and Nuts ($9.15M), and Paper Containers ($9.12M). During the last 5 years the exports of Costa Rica to Jamaica have decreased at an annualized rate of 1.02%, from $88.4M in 2022 to $83.9M in 2017.

Exports from Jamaica (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Jamaica (Flag) (2022)

Latest Data

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

Costa Rica Exports

Market Competitiveness

Color
Jamaica
Top DestinationUnited States$1.11B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Jamaica than Costa Rica included Russia ($99.7M), Iceland ($39.5M), and Latvia ($33.3M).

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

Difference in imports from Costa Rica (Flag) and Jamaica (Flag) (2022)

Comparative Advantage Jamaica - Costa Rica

Flow
Scale

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

During 2022, Jamaica had a large net trade with Costa Rica in the exports of Mineral Products ($15M), Stone And Glass ($658k), and Chemical Products ($522k).

During 2017, Costa Rica had a large net trade with Jamaica in the exports of Foodstuffs ($27.5M), Stone And Glass ($16.6M), and Paper Goods ($9.93M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Jamaica Costa Rica+$3MRefined Petroleum
Top Product Potential Costa Rica Jamaica+$333kPackaged Medicaments

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 Jamaica and Costa Rica. This means that a dot/product with the flag of Jamaica 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 Jamaica.

Product Space of Jamaica (Flag) and Costa Rica (Flag) (2022)

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