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

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.

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.

Comparison In 2022,  Trinidad and Tobago ranked 91 in total exports ($13.9B), 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, 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 2017 to $7.98M in 2022.

In 2017, 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 2022 to $60.1M in 2017.

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

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

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 Destination
United States$4.91B
Costa Rica
Top Destination
United States$6.83B

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

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

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

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 2022, 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).

During 2017, 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).

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.

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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) (2022)

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