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Pricing

2021
Flag → Flag
Exports $3.09kRnk 21 / 0
2021
Flag → Flag
Exports $9.35kRnk 31 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 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 $1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Benin-Costa Rica Trade: In 2021, Benin exported $3.09k to Costa Rica. The main products that Benin exported to Costa Rica were N/A. Over the past 6 years the exports of Benin to Costa Rica have decreased at an annualized rate of 2.45%, from $3.59k in 2015 to $3.09k in 2021.

In 2021, Benin did not export any services to Costa Rica.

Costa Rica-Benin Trade: In 2021, Costa Rica exported $9.35k to Benin. The main products that Costa Rica exported to Benin were N/A. Over the past 6 years the exports of Costa Rica to Benin have decreased at an annualized rate of 59%,  from $805k in 2015 to $9.35k in 2021.

In 2021, Costa Rica did not export any services to Benin.

Comparison: In 2022,  Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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 2021, Benin exported $3.09k to Costa Rica. There were not main exports from Benin to Costa Rica in 2021. During the last 6 years the exports of Benin to Costa Rica have decreased at an annualized rate of 2.45%, from $3.59k in 2015 to $3.09k in 2021.

In 2014, Costa Rica exported $9.35k to Benin. There were not main exports from Costa Rica to Benin in 2014. During the last 5 years the exports of Costa Rica to Benin have decreased at an annualized rate of 59%, from $805k in 2019 to $9.35k in 2014.

Exports from Benin (Flag) to Costa Rica (Flag) (2021)

Exports from Costa Rica (Flag) to Benin (Flag) (2021)

Latest Data

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

Benin Exports

Date

Market Competitiveness

Color
Benin
Top DestinationIndia$448M
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Benin than Costa Rica included India ($448M), Bangladesh ($406M), and United Arab Emirates ($382M).

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

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

Comparative Advantage Benin - Costa Rica

Flow
Scale

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

During 2021, Benin had a large net trade with Costa Rica in the exports of .

During 2014, Costa Rica had a large net trade with Benin in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Benin Costa Rica+$2.52kSoybeans
Top Product Potential Costa Rica Benin+$2.16kPalm Oil

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

Product Space of Benin (Flag) and Costa Rica (Flag) (2021)

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