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 / 196
2013-2023
Flag
GDP PC GROWTH
56.8%CURRENT US$
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About

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.

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.

Comparison In 2023,  British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $187k in 2023.

In 2018, 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 2023 to $424k in 2018.

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

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

Latest Data

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

Costa Rica Exports

Date

Market Competitiveness

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

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

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

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).

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

Comparative Advantage British Virgin Islands - Costa Rica

Flow
Scale

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

During 2023, British Virgin Islands had a large net trade with Costa Rica in the exports of Machines ($134k), Instruments ($46k), and Chemical Products ($4.41k).

During 2018, Costa Rica had a large net trade with British Virgin Islands in the exports of Transportation ($228k), Foodstuffs ($97.5k), and Miscellaneous ($89.8k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of British Virgin Islands and Costa Rica. This means that a dot/product with the flag of British Virgin Islands 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 British Virgin Islands.

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

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