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2023
Flag → Flag
Exports $95.2MRnk 32 / 172
2023
Flag → Flag
Top Product $75.8MOrthopedic Appliances
2023
Flag → Flag
Exports $1.75MRnk 26 / 127
2023
Flag → Flag
Top Product $1.01MSoybean Oil
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$7,460CURRENT US$
Rnk 101 / 196
2013-2023
Flag
GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195

About

Costa Rica-Belize Trade: In 2023, Costa Rica exported $95.2M to Belize. The main products that Costa Rica exported to Belize were Orthopedic Appliances ($75.8M), Other Edible Preparations ($5.88M), and Medical Instruments ($3.85M). Over the past 5 years the exports of Costa Rica to Belize have increased at an annualized rate of 56%, from $10.3M in 2018 to $95.2M in 2023.

In 2023, Costa Rica did not export any services to Belize.

Belize-Costa Rica Trade: In 2023, Belize exported $1.75M to Costa Rica. The main products that Belize exported to Costa Rica were Soybean Oil ($1.01M), Micro-Organism Culture Preparations ($397k), and Butter ($207k). Over the past 5 years the exports of Belize to Costa Rica have increased at an annualized rate of 13.6%,  from $488k in 2018 to $1.75M in 2023.

In 2023, Belize did not export any services to Costa Rica.

Comparison In 2023,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34),  and 73 in total exports ($23.7B). That same year, Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $95.2M to Belize. The main products exported from Costa Rica to Belize were Orthopedic Appliances ($75.8M), Other Edible Preparations ($5.88M), and Medical Instruments ($3.85M). During the last 5 years the exports of Costa Rica to Belize have increased at an annualized rate of 56%, from $10.3M in 2018 to $95.2M in 2023.

In 2018, Belize exported $1.75M to Costa Rica. The main products exported from Belize to Costa Rica were Soybean Oil ($1.01M), Micro-Organism Culture Preparations ($397k), and Butter ($207k). During the last 5 years the exports of Belize to Costa Rica have increased at an annualized rate of 13.6%, from $488k in 2023 to $1.75M in 2018.

Exports from Costa Rica (Flag) to Belize (Flag) (2023)

Exports from Belize (Flag) to Costa Rica (Flag) (2023)

Latest Data

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

Costa Rica Exports

Belize Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Belize
Top DestinationUnited States$86.2M

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 2023, countries that imported more from Costa Rica than Belize included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

In 2023, countries that imported more from Belize than Costa Rica included Cote d'Ivoire ($13.6M), Ghana ($2.43M), and Dominica ($1.66M).

Difference in imports from Belize (Flag) and Costa Rica (Flag) (2023)

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 2023, Costa Rica had a large net trade with Belize in the exports of Instruments ($79.7M), Foodstuffs ($7.41M), and Chemical Products ($3.47M).

During 2018, Belize had a large net trade with Costa Rica in the exports of Animal and Vegetable Bi-Products ($1.01M), Chemical Products ($404k), and Animal Products ($207k).

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) (2023)

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