2023
Flag  
GDP
$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP
$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH
69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC 
$125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC
$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH
56.8%CURRENT US$
Rnk 34 / 195

About

Bermuda-Costa Rica Trade: In 2023, Bermuda exported $1.43k to Costa Rica. The main products that Bermuda exported to Costa Rica were Non-Knit Women's Suits ($1.09k) and Other Carpets ($346). Over the past 5 years the exports of Bermuda to Costa Rica have increased at an annualized rate of 6.44%, from $1.05k in 2018 to $1.43k in 2023.

In 2023, Bermuda did not export any services to Costa Rica.

Costa Rica-Bermuda Trade: In 2023, Costa Rica exported $424k to Bermuda. The main products that Costa Rica exported to Bermuda were Vaccines, blood, antisera, toxins and cultures ($324k), Special Pharmaceuticals ($35.4k), and Bananas ($26k). Over the past 5 years the exports of Costa Rica to Bermuda have decreased at an annualized rate of 3.71%,  from $512k in 2018 to $424k in 2023.

In 2023, Costa Rica did not export any services to Bermuda.

Comparison In 2023,  Bermuda ranked 179 in total exports ($254M), 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, Bermuda exported $1.43k to Costa Rica. The main products exported from Bermuda to Costa Rica were Non-Knit Women's Suits ($1.09k) and Other Carpets ($346). During the last 5 years the exports of Bermuda to Costa Rica have increased at an annualized rate of 6.44%, from $1.05k in 2018 to $1.43k in 2023.

In 2018, Costa Rica exported $424k to Bermuda. The main products exported from Costa Rica to Bermuda were Vaccines, blood, antisera, toxins and cultures ($324k), Special Pharmaceuticals ($35.4k), and Bananas ($26k). During the last 5 years the exports of Costa Rica to Bermuda have decreased at an annualized rate of 3.71%, from $512k in 2023 to $424k in 2018.

Exports from Bermuda (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Bermuda (Flag) (2023)

Latest Data

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

Costa Rica Exports

Market Competitiveness

Color
Bermuda
Top Destination
Germany$101M
Costa Rica
Top Destination
United States$9.5B

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

In 2023, countries that imported more from Bermuda than Costa Rica included South Africa ($96.3M), Angola ($4.49M), and Zambia ($1.45M).

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

Difference in imports from Costa Rica (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - Costa Rica

Flow
Scale

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

During 2023, Bermuda had a large net trade with Costa Rica in the exports of Textiles ($1.43k).

During 2018, Costa Rica had a large net trade with Bermuda in the exports of Chemical Products ($359k), Vegetable Products ($42.5k), and Foodstuffs ($7.85k).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and Costa Rica (Flag) (2023)

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