2022
Flag  
GDP
$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH
12.7%CURRENT US$
Rnk 105 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Jamaica-Costa Rica Trade: In 2022, Jamaica exported $3.01M 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 decreased at an annualized rate of 16.9%, from $7.6M in 2017 to $3.01M in 2022.

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

Costa Rica-Jamaica Trade: In 2022, Costa Rica exported $88.4M 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 increased at an annualized rate of 57.8%,  from $9.04M in 2017 to $88.4M 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 $3.01M 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 decreased at an annualized rate of 16.9%, from $7.6M in 2017 to $3.01M in 2022.

In 2017, Costa Rica exported $88.4M 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 22 years the exports of Costa Rica to Jamaica have increased at an annualized rate of 57.8%, from $9.04M in 1995 to $88.4M 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 Destination
United States$1.11B
Costa Rica
Top Destination
United 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).

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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