2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH
2.87%CURRENT US$
Rnk 161 / 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
$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH
-3.9%CURRENT US$
Rnk 150 / 186

About

Costa Rica-Trinidad and Tobago Trade: In 2022, Costa Rica exported $60.1M to Trinidad and Tobago. The main products that Costa Rica exported to Trinidad and Tobago were Other Edible Preparations ($18.1M), Vaccines, blood, antisera, toxins and cultures ($7.39M), and Root Vegetables ($4.12M). Over the past 5 years the exports of Costa Rica to Trinidad and Tobago have increased at an annualized rate of 1.73%, from $55.2M in 2017 to $60.1M in 2022.

In 2022, Costa Rica did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Costa Rica Trade: In 2022, Trinidad and Tobago exported $7.98M to Costa Rica. The main products that Trinidad and Tobago exported to Costa Rica were Nitrogenous Fertilizers ($3.25M), Petroleum Gas ($1.73M), and Mattresses ($801k). Over the past 5 years the exports of Trinidad and Tobago to Costa Rica have decreased at an annualized rate of 4.3%,  from $9.94M in 2017 to $7.98M in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $60.1M to Trinidad and Tobago. The main products exported from Costa Rica to Trinidad and Tobago were Other Edible Preparations ($18.1M), Vaccines, blood, antisera, toxins and cultures ($7.39M), and Root Vegetables ($4.12M). During the last 5 years the exports of Costa Rica to Trinidad and Tobago have increased at an annualized rate of 1.73%, from $55.2M in 2017 to $60.1M in 2022.

In 2017, Trinidad and Tobago exported $7.98M to Costa Rica. The main products exported from Trinidad and Tobago to Costa Rica were Nitrogenous Fertilizers ($3.25M), Petroleum Gas ($1.73M), and Mattresses ($801k). During the last 5 years the exports of Trinidad and Tobago to Costa Rica have decreased at an annualized rate of 4.3%, from $9.94M in 2022 to $7.98M in 2017.

Exports from Costa Rica (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Costa Rica (Flag) (2022)

Latest Data

Trade between Costa Rica (Flag) and Trinidad and Tobago (Flag)

Costa Rica Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Trinidad and Tobago
Top Destination
United States$4.91B

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

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

In 2022, countries that imported more from Trinidad and Tobago than Costa Rica included Morocco ($740M), Brazil ($497M), and Jamaica ($430M).

Difference in imports from Trinidad and Tobago (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Trinidad and Tobago

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($25.6M), Chemical Products ($11.8M), and Paper Goods ($6.46M).

During 2017, Trinidad and Tobago had a large net trade with Costa Rica in the exports of Chemical Products ($3.8M), Mineral Products ($1.73M), and Miscellaneous ($812k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Trinidad and Tobago+$390kMedical Instruments
Top Product Potential Trinidad and Tobago Costa Rica+$1.88MPetroleum Gas

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

Product Space of Costa Rica (Flag) and Trinidad and Tobago (Flag) (2022)

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