2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186

About

Costa Rica-Bolivia Trade: In 2022, Costa Rica exported $1.52M to Bolivia. The main products that Costa Rica exported to Bolivia were Other Rubber Products ($461k), Twine and Rope ($146k), and Pasta ($89.4k). Over the past 5 years the exports of Costa Rica to Bolivia have decreased at an annualized rate of 0.44%, from $1.55M in 2017 to $1.52M in 2022.

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

Bolivia-Costa Rica Trade: In 2022, Bolivia exported $4.22M to Costa Rica. The main products that Bolivia exported to Costa Rica were Seed Oils ($1.71M), Dried Legumes ($1.54M), and Borax ($311k). Over the past 5 years the exports of Bolivia to Costa Rica have increased at an annualized rate of 20%,  from $1.69M in 2017 to $4.22M in 2022.

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

Comparison: In 2022,  Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $1.52M to Bolivia. The main products exported from Costa Rica to Bolivia were Other Rubber Products ($461k), Twine and Rope ($146k), and Pasta ($89.4k). During the last 5 years the exports of Costa Rica to Bolivia have decreased at an annualized rate of 0.44%, from $1.55M in 2017 to $1.52M in 2022.

In 2017, Bolivia exported $4.22M to Costa Rica. The main products exported from Bolivia to Costa Rica were Seed Oils ($1.71M), Dried Legumes ($1.54M), and Borax ($311k). During the last 5 years the exports of Bolivia to Costa Rica have increased at an annualized rate of 20%, from $1.69M in 2022 to $4.22M in 2017.

Exports from Costa Rica (Flag) to Bolivia (Flag) (2022)

Exports from Bolivia (Flag) to Costa Rica (Flag) (2022)

Latest Data

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

Costa Rica Exports

Bolivia Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Bolivia
Top Destination
India$2.27B

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

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

In 2022, countries that imported more from Bolivia than Costa Rica included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

Difference in imports from Bolivia (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Bolivia

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Bolivia in the exports of Plastics and Rubbers ($542k), Machines ($279k), and Foodstuffs ($160k).

During 2017, Bolivia had a large net trade with Costa Rica in the exports of Animal and Vegetable Bi-Products ($1.75M), Vegetable Products ($1.67M), and Mineral Products ($311k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Bolivia+$332kMedical Instruments
Top Product Potential Bolivia Costa Rica+$122kSoybean Oil

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 Costa Rica and Bolivia. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Costa Rica.

Product Space of Costa Rica (Flag) and Bolivia (Flag) (2022)

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