Costa Rica (CRI) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Costa Rica-Bangladesh Trade: In 2022, Costa Rica exported $1.38M to Bangladesh. The main products that Costa Rica exported to Bangladesh were Rough Wood ($528k), Scrap Aluminium ($344k), and Scrap Iron ($163k). Over the past 5 years the exports of Costa Rica to Bangladesh have increased at an annualized rate of 20.5%, from $540k in 2017 to $1.38M in 2022.

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

Bangladesh-Costa Rica Trade: In 2022, Bangladesh exported $24.3M to Costa Rica. The main products that Bangladesh exported to Costa Rica were Non-Knit Men's Suits ($4.13M), Knit T-shirts ($3.36M), and Non-Knit Women's Suits ($2.79M). Over the past 5 years the exports of Bangladesh to Costa Rica have increased at an annualized rate of 11.1%, from $14.3M in 2017 to $24.3M in 2022.

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

Comparison: In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $1.38M to Bangladesh. The main products exported from Costa Rica to Bangladesh were Rough Wood ($528k), Scrap Aluminium ($344k), and Scrap Iron ($163k). During the last 5 years the exports of Costa Rica to Bangladesh have increased at an annualized rate of 20.5%, from $540k in 2017 to $1.38M in 2022.

In 2017, Bangladesh exported $24.3M to Costa Rica. The main products exported from Bangladesh to Costa Rica were Non-Knit Men's Suits ($4.13M), Knit T-shirts ($3.36M), and Non-Knit Women's Suits ($2.79M). During the last 5 years the exports of Bangladesh to Costa Rica have increased at an annualized rate of 11.1%, from $14.3M in 2022 to $24.3M in 2017.

Exports from Costa Rica () to Bangladesh () (2022)

Exports from Bangladesh () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Bangladesh ()

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Costa Rica than Bangladesh included Guatemala ($821M), Nicaragua ($593M), and Panama ($564M).

In 2022, countries that imported more from Bangladesh than Costa Rica included Germany ($10.2B), United States ($11.7B), and United Kingdom ($4.86B).

Difference in imports from Bangladesh () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Bangladesh in the exports of Metals ($546k), Wood Products ($528k), and Instruments ($161k).

During 2017, Bangladesh had a large net trade with Costa Rica in the exports of Textiles ($20M), Footwear and Headwear ($1.85M), and Chemical Products ($1.77M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Bangladesh+$646kMedical Instruments

Top Product Potential Bangladesh Costa Rica+$3.27MNon-Knit Men's Suits

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

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Bangladesh. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Bangladesh () (2022)

Exports from Bangladesh () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Bangladesh ()

Costa Rica Exports

Market Competitiveness

Difference in imports from Bangladesh () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Bangladesh () (2022)

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