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2022
Flag → Flag
Exports $20.5MRnk 53 / 178
2022
Flag → Flag
Top Product $5.1MOther Edible Preparations
2022
Flag → Flag
Exports $612kRnk 47 / 128
2022
Flag → Flag
Top Product $175kMicro-Organism Culture Preparations
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 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$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186

About

Costa Rica-Belize Trade: In 2022, Costa Rica exported $20.5M to Belize. The main products that Costa Rica exported to Belize were Other Edible Preparations ($5.1M), Orthopedic Appliances ($3.67M), and Pesticides ($3.18M). Over the past 5 years the exports of Costa Rica to Belize have increased at an annualized rate of 11.2%, from $12.1M in 2017 to $20.5M in 2022.

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

Belize-Costa Rica Trade: In 2022, Belize exported $612k to Costa Rica. The main products that Belize exported to Costa Rica were Micro-Organism Culture Preparations ($175k), Soybean Oil ($161k), and Paper Labels ($50.5k). Over the past 5 years the exports of Belize to Costa Rica have increased at an annualized rate of 26.3%,  from $190k in 2017 to $612k in 2022.

In 2022, Belize 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, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $20.5M to Belize. The main products exported from Costa Rica to Belize were Other Edible Preparations ($5.1M), Orthopedic Appliances ($3.67M), and Pesticides ($3.18M). During the last 5 years the exports of Costa Rica to Belize have increased at an annualized rate of 11.2%, from $12.1M in 2017 to $20.5M in 2022.

In 2017, Belize exported $612k to Costa Rica. The main products exported from Belize to Costa Rica were Micro-Organism Culture Preparations ($175k), Soybean Oil ($161k), and Paper Labels ($50.5k). During the last 5 years the exports of Belize to Costa Rica have increased at an annualized rate of 26.3%, from $190k in 2022 to $612k in 2017.

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

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

Latest Data

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

Costa Rica Exports

Belize Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$6.83B
Belize
Top DestinationUnited States$86.5M

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

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

In 2022, countries that imported more from Belize than Costa Rica included Cote d'Ivoire ($10.4M), Bulgaria ($2.96M), and Dominica ($1.29M).

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

Comparative Advantage Costa Rica - Belize

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Belize in the exports of Foodstuffs ($7.01M), Instruments ($5.72M), and Chemical Products ($3.72M).

During 2017, Belize had a large net trade with Costa Rica in the exports of Chemical Products ($178k), Animal and Vegetable Bi-Products ($161k), and Machines ($114k).

Economic Complexity

Competitive Landscape

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

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

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