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2022
Flag → Flag
Exports $245MRnk 11 / 178
2022
Flag → Flag
Top Product $61.9MRaw Iron Bars
2022
Flag → Flag
Exports $68.3MRnk 19 / 163
2022
Flag → Flag
Top Product $7.5MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Costa Rica-Dominican Republic Trade: In 2022, Costa Rica exported $245M to Dominican Republic. The main products that Costa Rica exported to Dominican Republic were Raw Iron Bars ($61.9M), Insulated Wire ($57.2M), and Other Edible Preparations ($43.6M). Over the past 5 years the exports of Costa Rica to Dominican Republic have increased at an annualized rate of 81.9%, from $12.3M in 2017 to $245M in 2022.

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

Dominican Republic-Costa Rica Trade: In 2022, Dominican Republic exported $68.3M to Costa Rica. The main products that Dominican Republic exported to Costa Rica were Packaged Medicaments ($7.5M), Plastic Lids ($7.13M), and Iron Blocks ($6.62M). Over the past 5 years the exports of Dominican Republic to Costa Rica have increased at an annualized rate of 84.6%,  from $3.18M in 2017 to $68.3M in 2022.

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $245M to Dominican Republic. The main products exported from Costa Rica to Dominican Republic were Raw Iron Bars ($61.9M), Insulated Wire ($57.2M), and Other Edible Preparations ($43.6M). During the last 5 years the exports of Costa Rica to Dominican Republic have increased at an annualized rate of 81.9%, from $12.3M in 2017 to $245M in 2022.

In 2017, Dominican Republic exported $68.3M to Costa Rica. The main products exported from Dominican Republic to Costa Rica were Packaged Medicaments ($7.5M), Plastic Lids ($7.13M), and Iron Blocks ($6.62M). During the last 22 years the exports of Dominican Republic to Costa Rica have increased at an annualized rate of 84.6%, from $3.18M in 1995 to $68.3M in 2017.

Exports from Costa Rica (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Costa Rica (Flag) (2022)

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$6.83B
Dominican Republic
Top DestinationUnited States$6.85B

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 2022, countries that imported more from Costa Rica than Dominican Republic included Netherlands ($1.22B), Guatemala ($821M), and Belgium ($775M).

In 2022, countries that imported more from Dominican Republic than Costa Rica included Switzerland ($1.08B), Haiti ($1.02B), and India ($390M).

Difference in imports from Dominican Republic (Flag) and Costa Rica (Flag) (2022)

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 2022, Costa Rica had a large net trade with Dominican Republic in the exports of Metals ($77.7M), Foodstuffs ($72.6M), and Machines ($69.8M).

During 2017, Dominican Republic had a large net trade with Costa Rica in the exports of Plastics and Rubbers ($17.9M), Metals ($15.2M), and Machines ($13.1M).

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) (2022)

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