2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$20.4BCURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP GROWTH
46.3%CURRENT US$
Rnk 73 / 186
2022
Flag
GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC
$7,738CURRENT US$
Rnk 86 / 186
2012-2022
Flag
GDP PC GROWTH
21%CURRENT US$
Rnk 82 / 186

About

Costa Rica-Botswana Trade: In 2022, Costa Rica exported $268 to Botswana. The main products that Costa Rica exported to Botswana were Medical Instruments ($242) and Orthopedic Appliances ($26). Over the past 5 years the exports of Costa Rica to Botswana have decreased at an annualized rate of 66.1%, from $59.7k in 2017 to $268 in 2022.

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

Botswana-Costa Rica Trade: In 2022, Botswana exported $583 to Costa Rica. The main products that Botswana exported to Costa Rica were Interior Decorative Glassware ($440), Engine Parts ($77), and Brochures ($55). Over the past 5 years the exports of Botswana to Costa Rica have decreased at an annualized rate of 41.1%,  from $8.22k in 2017 to $583 in 2022.

In 2022, Botswana 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, Botswana ranked 91 in the Economic Complexity Index (ECI -0.59), and 107 in total exports ($8.65B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $268 to Botswana. The main products exported from Costa Rica to Botswana were Medical Instruments ($242) and Orthopedic Appliances ($26). During the last 5 years the exports of Costa Rica to Botswana have decreased at an annualized rate of 66.1%, from $59.7k in 2017 to $268 in 2022.

In 2017, Botswana exported $583 to Costa Rica. The main products exported from Botswana to Costa Rica were Interior Decorative Glassware ($440), Engine Parts ($77), and Brochures ($55). During the last 5 years the exports of Botswana to Costa Rica have decreased at an annualized rate of 41.1%, from $8.22k in 2022 to $583 in 2017.

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

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

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Botswana
Top Destination
United Arab Emirates$2.31B

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

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

In 2022, countries that imported more from Botswana than Costa Rica included United Arab Emirates ($2.31B), India ($1.28B), and South Africa ($836M).

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

Comparative Advantage Costa Rica - Botswana

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Botswana in the exports of Instruments ($268).

During 2017, Botswana had a large net trade with Costa Rica in the exports of Stone And Glass ($440), Machines ($77), and Paper Goods ($55).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Botswana+$5.13kMedical Instruments
Top Product Potential Botswana Costa Rica+$2.12kInsulated Wire

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 Botswana. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Botswana. Similarly, a dot/product with the flag of Botswana indicates it has a comparative advantage over Costa Rica.

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

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