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2023
Flag → Flag
Exports $319MRnk 17 / 172
2023
Flag → Flag
Top Product $57.4MInsulated Wire
2023
Flag → Flag
Exports $65.2MRnk 19 / 166
2023
Flag → Flag
Top Product $7.37MValves
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 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$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Costa Rica-Dominican Republic Trade: In 2023, Costa Rica exported $319M to Dominican Republic. The main products that Costa Rica exported to Dominican Republic were Insulated Wire ($57.4M), Other Edible Preparations ($49.2M), and Raw Iron Bars ($40.7M). Over the past 5 years the exports of Costa Rica to Dominican Republic have increased at an annualized rate of 4.14%, from $260M in 2018 to $319M in 2023.

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

Dominican Republic-Costa Rica Trade: In 2023, Dominican Republic exported $65.2M to Costa Rica. The main products that Dominican Republic exported to Costa Rica were Valves ($7.37M), Low-voltage Protection Equipment ($6.94M), and Plastic Lids ($6.83M). Over the past 5 years the exports of Dominican Republic to Costa Rica have increased at an annualized rate of 8.19%,  from $44M in 2018 to $65.2M in 2023.

In 2023, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $319M to Dominican Republic. The main products exported from Costa Rica to Dominican Republic were Insulated Wire ($57.4M), Other Edible Preparations ($49.2M), and Raw Iron Bars ($40.7M). During the last 5 years the exports of Costa Rica to Dominican Republic have increased at an annualized rate of 4.14%, from $260M in 2018 to $319M in 2023.

In 2018, Dominican Republic exported $65.2M to Costa Rica. The main products exported from Dominican Republic to Costa Rica were Valves ($7.37M), Low-voltage Protection Equipment ($6.94M), and Plastic Lids ($6.83M). During the last 5 years the exports of Dominican Republic to Costa Rica have increased at an annualized rate of 8.19%, from $44M in 2023 to $65.2M in 2018.

Exports from Costa Rica (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Costa Rica (Flag) (2023)

Latest Data

Trade between Costa Rica (Flag) and Dominican Republic (Flag)

Costa Rica Exports

Dominican Republic Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Costa Rica than Dominican Republic included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

In 2023, countries that imported more from Dominican Republic than Costa Rica included Haiti ($856M), Switzerland ($885M), and India ($444M).

Difference in imports from Dominican Republic (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Dominican Republic

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Dominican Republic in the exports of Foodstuffs ($84.7M), Machines ($67.6M), and Metals ($54.1M).

During 2018, Dominican Republic had a large net trade with Costa Rica in the exports of Machines ($18.6M), Plastics and Rubbers ($15.6M), and Metals ($10.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Dominican Republic+$6.8MMedical Instruments
Top Product Potential Dominican Republic Costa Rica+$3.19MMedical Instruments

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

Product Space of Costa Rica (Flag) and Dominican Republic (Flag) (2023)

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