NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.54MRnk 53 / 123
2023
Flag → Flag
Top Product $714kMattresses
2023
Flag → Flag
Exports $60.8MRnk 41 / 172
2023
Flag → Flag
Top Product $20.6MOther Edible Preparations
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 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 $20,016CURRENT US$
Rnk 64 / 195
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Trinidad and Tobago-Costa Rica Trade: In 2023, Trinidad and Tobago exported $2.54M to Costa Rica. The main products that Trinidad and Tobago exported to Costa Rica were Mattresses ($714k), Prepared Cereals ($462k), and Other Processed Fruits and Nuts ($284k). Over the past 5 years the exports of Trinidad and Tobago to Costa Rica have decreased at an annualized rate of 31.8%, from $17.2M in 2018 to $2.54M in 2023.

In 2023, Trinidad and Tobago did not export any services to Costa Rica.

Costa Rica-Trinidad and Tobago Trade: In 2023, Costa Rica exported $60.8M to Trinidad and Tobago. The main products that Costa Rica exported to Trinidad and Tobago were Other Edible Preparations ($20.6M), Vaccines, blood, antisera, toxins and cultures ($6.5M), and Root Vegetables ($4.44M). Over the past 5 years the exports of Costa Rica to Trinidad and Tobago have increased at an annualized rate of 0.84%,  from $55.9M in 2018 to $60.8M in 2023.

In 2023, Costa Rica did not export any services to Trinidad and Tobago.

Comparison In 2023,  Trinidad and Tobago ranked 98 in total exports ($11.7B), 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, Trinidad and Tobago exported $2.54M to Costa Rica. The main products exported from Trinidad and Tobago to Costa Rica were Mattresses ($714k), Prepared Cereals ($462k), and Other Processed Fruits and Nuts ($284k). During the last 5 years the exports of Trinidad and Tobago to Costa Rica have decreased at an annualized rate of 31.8%, from $17.2M in 2018 to $2.54M in 2023.

In 2018, Costa Rica exported $60.8M to Trinidad and Tobago. The main products exported from Costa Rica to Trinidad and Tobago were Other Edible Preparations ($20.6M), Vaccines, blood, antisera, toxins and cultures ($6.5M), and Root Vegetables ($4.44M). During the last 5 years the exports of Costa Rica to Trinidad and Tobago have increased at an annualized rate of 0.84%, from $55.9M in 2023 to $60.8M in 2018.

Exports from Trinidad and Tobago (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Trinidad and Tobago (Flag) (2023)

Latest Data

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

Trinidad and Tobago Exports

Date

Costa Rica Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Trinidad and Tobago than Costa Rica included Guyana ($625M), Chile ($605M), and Barbados ($460M).

In 2023, countries that imported more from Costa Rica than Trinidad and Tobago included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

Difference in imports from Costa Rica (Flag) and Trinidad and Tobago (Flag) (2023)

Comparative Advantage Trinidad and Tobago - Costa Rica

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Costa Rica in the exports of Foodstuffs ($909k), Miscellaneous ($757k), and Chemical Products ($468k).

During 2018, Costa Rica had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($27.6M), Chemical Products ($11.1M), and Paper Goods ($6.81M).

Potential Exports

Potential Exports

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Trinidad and Tobago and Costa Rica. This means that a dot/product with the flag of Trinidad and Tobago 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 Trinidad and Tobago.

Product Space of Trinidad and Tobago (Flag) and Costa Rica (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms