Costa Rica-Jamaica Bilateral Trade Analysis 2023
Complete trade statistics: $14.59M total volume •Costa Rica deficit: $14.59M
Costa Rica → Jamaica
$0
Exports (2023)
Jamaica → Costa Rica
$14.59M
Imports (2023)
Trade Balance
$14.59M
Deficit for Costa Rica
Total Trade
$14.59M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Costa Rica and Jamaica. Green line shows exports from Costa Rica, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Costa Rica-Jamaica commercial relationship and competitive positioning in global markets.
Costa Rica → Jamaica Exports
Export Market Intelligence
🎯 Strategic Export Focus
Costa Rica's export portfolio to Jamaica demonstrates strategic specialization, with glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods representing a key competitive advantage in this bilateral market.
Jamaica → Costa Rica Imports
Import Dependency Profile
📦 Import Strategy Analysis
Costa Rica's import pattern from Jamaica reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Costa Rica demonstrates competitive strength in exportingglass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods to Jamaica, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $14.59M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Costa Rica-Jamaica Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $14.59 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Costa Rica maintains a deficit of $14.59 million
- Export Focus: Costa Rica's primary exports include glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods, food preparations: n.e.c. in item no. 2106.10, fruit, nuts and other edible parts of plants: prepared or preserved, whether or not containing added sugar, other sweetening matter or spirit, n.e.c. in heading no. 2008
- Import Dependencies: Key imports from Jamaica include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, glass: articles n.e.c. in chapter 70, waste and scrap of primary cells, primary batteries and electric accumulators: spent primary cells, spent primary batteries and spent electric accumulators
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $14.59M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Costa Rica leveraging its comparative advantages in glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Costa Rica's specialization in glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goodscomplements Jamaica's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $14.59M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $14.59M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $14.59 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Costa Rica's trade deficit of $14.59 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Costa Rica and Jamaica represents a total trade volume of $14.59 million in 2023. This partnership demonstrates an unfavorable trade balance for Costa Rica, with imports exceeding exportsby $14.59 million.
Export Strengths
Costa Rica's exports to Jamaica total $0.00, with competitive advantages in glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods, representing $14.28M orInfinity% of bilateral exports.
Import Dependencies
Imports from Jamaica amount to $14.59 million, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising91.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Costa Rica's strategic sourcing from Jamaica. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Costa Rica and Jamaica in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023