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2022
Flag → Flag
Exports $821MRnk 3 / 178
2022
Flag → Flag
Top Product $159MOther Edible Preparations
2022
Flag → Flag
Exports $641MRnk 7 / 162
2022
Flag → Flag
Top Product $44.9MPlastic Lids
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC $13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Costa Rica-Guatemala Trade: In 2022, Costa Rica exported $821M to Guatemala. The main products that Costa Rica exported to Guatemala were Other Edible Preparations ($159M), Sauces and Seasonings ($52.5M), and Non-Retail Mixed Cotton Yarn ($39.6M). Over the past 5 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 7.25%, from $578M in 2017 to $821M in 2022.

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

Guatemala-Costa Rica Trade: In 2022, Guatemala exported $641M to Costa Rica. The main products that Guatemala exported to Costa Rica were Plastic Lids ($44.9M), Packaged Medicaments ($37.5M), and Pesticides ($37.3M). Over the past 5 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 8.46%,  from $427M in 2017 to $641M in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $821M to Guatemala. The main products exported from Costa Rica to Guatemala were Other Edible Preparations ($159M), Sauces and Seasonings ($52.5M), and Non-Retail Mixed Cotton Yarn ($39.6M). During the last 5 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 7.25%, from $578M in 2017 to $821M in 2022.

In 2017, Guatemala exported $641M to Costa Rica. The main products exported from Guatemala to Costa Rica were Plastic Lids ($44.9M), Packaged Medicaments ($37.5M), and Pesticides ($37.3M). During the last 5 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 8.46%, from $427M in 2022 to $641M in 2017.

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

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

Latest Data

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

Costa Rica Exports

Guatemala Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Costa Rica than Guatemala included United States ($6.83B), Belgium ($775M), and Netherlands ($1.22B).

In 2022, countries that imported more from Guatemala than Costa Rica included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

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

Comparative Advantage Costa Rica - Guatemala

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Guatemala in the exports of Foodstuffs ($283M), Paper Goods ($94.3M), and Chemical Products ($88.4M).

During 2017, Guatemala had a large net trade with Costa Rica in the exports of Chemical Products ($180M), Plastics and Rubbers ($116M), and Foodstuffs ($93.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Guatemala+$3.16MMedical Instruments
Top Product Potential Guatemala Costa Rica+$1.64MRefined Petroleum

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

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

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