2023
Flag  
GDP
$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH
62%CURRENT US$
Rnk 50 / 195
2023
Flag
 GDP
$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH
69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC 
$97,750CURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 78 / 195
2023
Flag
GDP PC
$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH
56.8%CURRENT US$
Rnk 34 / 195

About

Cayman Islands-Costa Rica Trade: In 2023, Cayman Islands exported $18.9k to Costa Rica. The main products that Cayman Islands exported to Costa Rica were Building Stone ($4.36k), Light Fixtures ($2.53k), and Air Pumps ($2.1k). Over the past 5 years the exports of Cayman Islands to Costa Rica have decreased at an annualized rate of 46%, from $412k in 2018 to $18.9k in 2023.

In 2023, Cayman Islands did not export any services to Costa Rica.

Costa Rica-Cayman Islands Trade: In 2023, Costa Rica exported $912k to Cayman Islands. The main products that Costa Rica exported to Cayman Islands were Vaccines, blood, antisera, toxins and cultures ($294k), Other Steel Bars ($240k), and Plastic Pipes ($210k). Over the past 5 years the exports of Costa Rica to Cayman Islands have increased at an annualized rate of 18.2%,  from $396k in 2018 to $912k in 2023.

In 2023, Costa Rica did not export any services to Cayman Islands.

Comparison In 2023,  Cayman Islands ranked 165 in total exports ($818M), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $18.9k to Costa Rica. The main products exported from Cayman Islands to Costa Rica were Building Stone ($4.36k), Light Fixtures ($2.53k), and Air Pumps ($2.1k). During the last 5 years the exports of Cayman Islands to Costa Rica have decreased at an annualized rate of 46%, from $412k in 2018 to $18.9k in 2023.

In 2018, Costa Rica exported $912k to Cayman Islands. The main products exported from Costa Rica to Cayman Islands were Vaccines, blood, antisera, toxins and cultures ($294k), Other Steel Bars ($240k), and Plastic Pipes ($210k). During the last 5 years the exports of Costa Rica to Cayman Islands have increased at an annualized rate of 18.2%, from $396k in 2023 to $912k in 2018.

Exports from Cayman Islands (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Cayman Islands (Flag) (2023)

Latest Data

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

Costa Rica Exports

Market Competitiveness

Color
Cayman Islands
Top Destination
United Kingdom$326M
Costa Rica
Top Destination
United States$9.5B

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 2023, countries that imported more from Cayman Islands than Costa Rica included Cyprus ($172M), Grenada ($67.2M), and Malta ($38.9M).

In 2023, countries that imported more from Costa Rica than Cayman Islands included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

Difference in imports from Costa Rica (Flag) and Cayman Islands (Flag) (2023)

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 2023, Cayman Islands had a large net trade with Costa Rica in the exports of Machines ($6.04k), Stone And Glass ($5.47k), and Plastics and Rubbers ($2.9k).

During 2018, Costa Rica had a large net trade with Cayman Islands in the exports of Metals ($303k), Chemical Products ($303k), and Plastics and Rubbers ($222k).

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) (2023)

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