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

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.

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 44.6%,  from $157k in 2017 to $1.44M in 2022.

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

Comparison In 2022,  Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $33.9k in 2022.

In 2017, 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 44.6%, from $157k in 2022 to $1.44M in 2017.

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

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

Latest Data

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

Costa Rica Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Cayman Islands - Costa Rica

Flow
Scale

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

During 2022, 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).

During 2017, Costa Rica had a large net trade with Cayman Islands in the exports of Plastics and Rubbers ($606k), Metals ($376k), and Chemical Products ($348k).

Economic Complexity

Competitive Landscape

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

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

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