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 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Costa Rica-Cayman Islands Trade: In 2022, Costa Rica exported $1.44M to Cayman Islands. The main products that Costa Rica exported to Cayman Islands were Plastic Pipes ($583k), Other Steel Bars ($324k), and Vaccines, blood, antisera, toxins and cultures ($322k). Over the past 5 years the exports of Costa Rica to Cayman Islands have increased at an annualized rate of 55.7%, from $157k in 2017 to $1.44M in 2022.

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

Cayman Islands-Costa Rica Trade: In 2022, Cayman Islands exported $33.9k to Costa Rica. The main products that Cayman Islands exported to Costa Rica were Leather Footwear ($20k), Liquid Dispersing Machines ($8.82k), and Glass Bottles ($3.12k). Over the past 5 years the exports of Cayman Islands to Costa Rica have increased at an annualized rate of 57.2%,  from $3.54k in 2017 to $33.9k in 2022.

In 2022, Cayman Islands 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, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $1.44M to Cayman Islands. The main products exported from Costa Rica to Cayman Islands were Plastic Pipes ($583k), Other Steel Bars ($324k), and Vaccines, blood, antisera, toxins and cultures ($322k). During the last 5 years the exports of Costa Rica to Cayman Islands have increased at an annualized rate of 55.7%, from $157k in 2017 to $1.44M in 2022.

In 2017, Cayman Islands exported $33.9k to Costa Rica. The main products exported from Cayman Islands to Costa Rica were Leather Footwear ($20k), Liquid Dispersing Machines ($8.82k), and Glass Bottles ($3.12k). During the last 5 years the exports of Cayman Islands to Costa Rica have increased at an annualized rate of 57.2%, from $3.54k in 2022 to $33.9k in 2017.

Exports from Costa Rica (Flag) to Cayman Islands (Flag) (2022)

Exports from Cayman Islands (Flag) to Costa Rica (Flag) (2022)

Latest Data

Trade between Costa Rica (Flag) and Cayman Islands (Flag)

Costa Rica Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Cayman Islands
Top Destination
Malta$218M

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

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

In 2022, countries that imported more from Cayman Islands than Costa Rica included Malta ($218M), Seychelles ($121M), and Norway ($163M).

Difference in imports from Cayman Islands (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Cayman Islands

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Cayman Islands in the exports of Plastics and Rubbers ($606k), Metals ($376k), and Chemical Products ($348k).

During 2017, Cayman Islands had a large net trade with Costa Rica in the exports of Footwear and Headwear ($20k), Machines ($8.82k), and Stone And Glass ($3.12k).

Economic Complexity

Competitive Landscape

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

Product Space of Costa Rica (Flag) and Cayman Islands (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with