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2023
Flag → Flag
Exports $14.6MRnk 18 / 150
2023
Flag → Flag
Top Product $13.4MRefined Petroleum
2023
Flag → Flag
Exports $88.1MRnk 34 / 172
2023
Flag → Flag
Top Product $14.9MGlass Bottles
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 70 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH36.2%CURRENT US$
Rnk 101 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $6,840CURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP PC GROWTH33.5%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Jamaica-Costa Rica Trade: In 2023, Jamaica exported $14.6M to Costa Rica. The main products that Jamaica exported to Costa Rica were Refined Petroleum ($13.4M), Other Glass Articles ($366k), and Industrial Fatty Acids, Oils and Alcohols ($243k). Over the past 5 years the exports of Jamaica to Costa Rica have increased at an annualized rate of 28.4%, from $4.17M in 2018 to $14.6M in 2023.

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

Costa Rica-Jamaica Trade: In 2023, Costa Rica exported $88.1M to Jamaica. The main products that Costa Rica exported to Jamaica were Glass Bottles ($14.9M), Other Processed Fruits and Nuts ($8.86M), and Frozen Bovine Meat ($7.45M). Over the past 5 years the exports of Costa Rica to Jamaica have increased at an annualized rate of 6.03%,  from $65.7M in 2018 to $88.1M in 2023.

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

Comparison: In 2023,  Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B). 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, Jamaica exported $14.6M to Costa Rica. The main products exported from Jamaica to Costa Rica were Refined Petroleum ($13.4M), Other Glass Articles ($366k), and Industrial Fatty Acids, Oils and Alcohols ($243k). During the last 5 years the exports of Jamaica to Costa Rica have increased at an annualized rate of 28.4%, from $4.17M in 2018 to $14.6M in 2023.

In 2018, Costa Rica exported $88.1M to Jamaica. The main products exported from Costa Rica to Jamaica were Glass Bottles ($14.9M), Other Processed Fruits and Nuts ($8.86M), and Frozen Bovine Meat ($7.45M). During the last 5 years the exports of Costa Rica to Jamaica have increased at an annualized rate of 6.03%, from $65.7M in 2023 to $88.1M in 2018.

Exports from Jamaica (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Jamaica (Flag) (2023)

Latest Data

Trade between Jamaica (Flag) and Costa Rica (Flag)

Costa Rica Exports

Market Competitiveness

Color
Jamaica
Top DestinationUnited States$709M
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Jamaica than Costa Rica included Latvia ($131M), Iceland ($127M), and Russia ($138M).

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

Difference in imports from Costa Rica (Flag) and Jamaica (Flag) (2023)

Comparative Advantage Jamaica - Costa Rica

Flow
Scale

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

During 2023, Jamaica had a large net trade with Costa Rica in the exports of Mineral Products ($13.4M), Stone And Glass ($580k), and Chemical Products ($251k).

During 2018, Costa Rica had a large net trade with Jamaica in the exports of Foodstuffs ($24.5M), Stone And Glass ($16.5M), and Chemical Products ($15.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Jamaica Costa Rica+$3MRefined Petroleum
Top Product Potential Costa Rica Jamaica+$333kPackaged Medicaments

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 Jamaica and Costa Rica. This means that a dot/product with the flag of Jamaica 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 Jamaica.

Product Space of Jamaica (Flag) and Costa Rica (Flag) (2023)

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