Costa Rica (CRI) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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Costa Rica-Barbados Trade: In 2022, Costa Rica exported $13.4M to Barbados. The main products that Costa Rica exported to Barbados were Other Edible Preparations ($5M), Pasta ($1.36M), and Asbestos Cement Articles ($983k). Over the past 5 years the exports of Costa Rica to Barbados have increased at an annualized rate of 5.75%, from $10.2M in 2017 to $13.4M in 2022.

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

Barbados-Costa Rica Trade: In 2022, Barbados exported $236k to Costa Rica. The main products that Barbados exported to Costa Rica were Cleaning Products ($147k), Shaving Products ($24.1k), and Industrial Fatty Acids, Oils and Alcohols ($19.4k). Over the past 5 years the exports of Barbados to Costa Rica have increased at an annualized rate of 22.9%, from $84.1k in 2017 to $236k in 2022.

In 2022, Barbados 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, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $13.4M to Barbados. The main products exported from Costa Rica to Barbados were Other Edible Preparations ($5M), Pasta ($1.36M), and Asbestos Cement Articles ($983k). During the last 5 years the exports of Costa Rica to Barbados have increased at an annualized rate of 5.75%, from $10.2M in 2017 to $13.4M in 2022.

In 2017, Barbados exported $236k to Costa Rica. The main products exported from Barbados to Costa Rica were Cleaning Products ($147k), Shaving Products ($24.1k), and Industrial Fatty Acids, Oils and Alcohols ($19.4k). During the last 5 years the exports of Barbados to Costa Rica have increased at an annualized rate of 22.9%, from $84.1k in 2022 to $236k in 2017.

Exports from Costa Rica () to Barbados () (2022)

Exports from Barbados () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Barbados ()

Costa Rica Exports

Date

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Barbados
Top DestinationUnited States$88.6M

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

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

In 2022, countries that imported more from Barbados than Costa Rica included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

Difference in imports from Barbados () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Barbados in the exports of Foodstuffs ($7.71M), Chemical Products ($1.57M), and Stone And Glass ($1.5M).

During 2017, Barbados had a large net trade with Costa Rica in the exports of Chemical Products ($196k), Foodstuffs ($18.8k), and Plastics and Rubbers ($9.57k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Barbados. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Barbados. Similarly, a dot/product with the flag of Barbados indicates it has a comparative advantage over Costa Rica.

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Barbados () (2022)

Exports from Barbados () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Barbados ()

Costa Rica Exports

Barbados Exports

Market Competitiveness

Difference in imports from Barbados () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Barbados

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Barbados () (2022)

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