2022
Flag  
GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 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 
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 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

Barbados-Costa Rica In 2022, Barbados exported $236k to Costa Rica. The main products that Barbados exported to Costa Rica are Cleaning Products ($147k), Shaving Products ($24.1k), and Industrial Fatty Acids, Oils and Alcohols ($19.4k). During the last 27 years the exports of Barbados to Costa Rica have increased at an annualized rate of 3.41%, from $95.4k in 1995 to $236k in 2022.

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

Costa Rica-Barbados In 2022, Costa Rica exported $13.4M to Barbados. The main products that Costa Rica exported to Barbados were Other Edible Preparations ($5M), Pasta ($1.36M), and Asbestos Cement Articles ($983k). During the last 27 years the exports of Costa Rica to Barbados have increased at an annualized rate of 11.2%, from $772k in 1995 to $13.4M in 2022.

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

Comparison In 2022,  Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index. 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, Barbados exported $236k to Costa Rica. The main products exported from Barbados to Costa Rica were Cleaning Products ($147k), Shaving Products ($24.1k), and Industrial Fatty Acids, Oils and Alcohols ($19.4k). During the last 27 years the exports of Barbados to Costa Rica have increased at an annualized rate of 3.41%, from $95.4k in 1995 to $236k in 2022.

In 2022, Costa Rica exported $13.4M to Barbados. The main products exported from Costa Rica to Barbados were Other Edible Preparations ($5M), Pasta ($1.36M), and Asbestos Cement Articles ($983k). During the last 27 years the exports of Costa Rica to Barbados have increased at an annualized rate of 11.2%, from $772k in 1995 to $13.4M in 2022.

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

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

Latest Data

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

Barbados Exports

Costa Rica Exports

Market Competitiveness

Color
Barbados
Top Destination
United States$88.6M
Costa Rica
Top Destination
United States$6.83B

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

In 2021, countries that imported more from Barbados than Costa Rica were Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

In 2021, countries that imported more from Costa Rica than Barbados were United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

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

Comparative Advantage Barbados - Costa Rica

Flow
Scale

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

During 2022, Barbados had a large net trade with Costa Rica in the exports of Chemical Products ($196k), Foodstuffs ($18.8k), and Plastics and Rubbers ($9.57k).

During 2022, Costa Rica had a large net trade with Barbados in the exports of Foodstuffs ($7.71M), Chemical Products ($1.57M), and Stone And Glass ($1.5M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Barbados has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over Barbados.

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

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