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2023
Flag → Flag
Exports $1.2MRnk 110 / 172
2023
Flag → Flag
Top Product $465kRough Wood
2023
Flag → Flag
Exports $25.1MRnk 70 / 138
2023
Flag → Flag
Top Product $4.85MNon-Knit Men's Suits
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Costa Rica-Bangladesh Trade: In 2023, Costa Rica exported $1.2M to Bangladesh. The main products that Costa Rica exported to Bangladesh were Rough Wood ($465k), Scrap Iron ($369k), and Other Synthetic Fabrics ($110k). Over the past 5 years the exports of Costa Rica to Bangladesh have increased at an annualized rate of 44.5%, from $190k in 2018 to $1.2M in 2023.

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

Bangladesh-Costa Rica Trade: In 2023, Bangladesh exported $25.1M to Costa Rica. The main products that Bangladesh exported to Costa Rica were Non-Knit Men's Suits ($4.85M), Knit T-shirts ($4.03M), and Non-Knit Women's Suits ($3.54M). Over the past 5 years the exports of Bangladesh to Costa Rica have increased at an annualized rate of 9.01%,  from $16.3M in 2018 to $25.1M in 2023.

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

Comparison: In 2023,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $1.2M to Bangladesh. The main products exported from Costa Rica to Bangladesh were Rough Wood ($465k), Scrap Iron ($369k), and Other Synthetic Fabrics ($110k). During the last 5 years the exports of Costa Rica to Bangladesh have increased at an annualized rate of 44.5%, from $190k in 2018 to $1.2M in 2023.

In 2018, Bangladesh exported $25.1M to Costa Rica. The main products exported from Bangladesh to Costa Rica were Non-Knit Men's Suits ($4.85M), Knit T-shirts ($4.03M), and Non-Knit Women's Suits ($3.54M). During the last 5 years the exports of Bangladesh to Costa Rica have increased at an annualized rate of 9.01%, from $16.3M in 2023 to $25.1M in 2018.

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

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

Latest Data

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

Costa Rica Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Bangladesh
Top DestinationUnited States$8.58B

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 2023, countries that imported more from Costa Rica than Bangladesh included United States ($9.5B), Guatemala ($846M), and Nicaragua ($661M).

In 2023, countries that imported more from Bangladesh than Costa Rica included Germany ($8.28B), United Kingdom ($4.25B), and Spain ($3.95B).

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

Comparative Advantage Costa Rica - Bangladesh

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Bangladesh in the exports of Wood Products ($465k), Metals ($369k), and Textiles ($212k).

During 2018, Bangladesh had a large net trade with Costa Rica in the exports of Textiles ($22.1M), Footwear and Headwear ($1.6M), and Chemical Products ($1.05M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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