Costa Rica (CRI) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Costa Rica-Guinea Trade: In 2022, Costa Rica exported $8.87k to Guinea. The main products that Costa Rica exported to Guinea were N/A. Over the past 14 years the exports of Costa Rica to Guinea have increased at an annualized rate of 10.6%, from $2.17k in 2008 to $8.87k in 2022.

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

Guinea-Costa Rica Trade: In 2022, Guinea exported $283 to Costa Rica. The main products that Guinea exported to Costa Rica were Industrial Fatty Acids, Oils and Alcohols ($217) and Rubber Pipes ($66). Over the past 14 years the exports of Guinea to Costa Rica have decreased at an annualized rate of 29.5%, from $1.62k in 2008 to $283 in 2022.

In 2022, Guinea 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, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $8.87k to Guinea. There were not main exports from Costa Rica to Guinea in 2022. During the last 14 years the exports of Costa Rica to Guinea have increased at an annualized rate of 10.6%, from $2.17k in 2008 to $8.87k in 2022.

In 2018, Guinea exported $283 to Costa Rica. The main products exported from Guinea to Costa Rica were Industrial Fatty Acids, Oils and Alcohols ($217) and Rubber Pipes ($66). During the last 5 years the exports of Guinea to Costa Rica have decreased at an annualized rate of 29.5%, from $1.62k in 2023 to $283 in 2018.

Exports from Costa Rica () to Guinea () (2023)

Exports from Guinea () to Costa Rica () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Guinea
Top DestinationUnited Arab Emirates$9.05B

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

In 2023, countries that imported more from Costa Rica than Guinea included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

In 2023, countries that imported more from Guinea than Costa Rica included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

Difference in imports from Guinea () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Guinea in the exports of .

During 2018, Guinea had a large net trade with Costa Rica in the exports of Chemical Products ($217) and Plastics and Rubbers ($66).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Guinea+$3.34kOther live plants, cuttings and slips; mushroom spawn

Top Product Potential Guinea Costa Rica+$2.75kGold

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Guinea () (2023)

Exports from Guinea () to Costa Rica () (2023)

Market Competitiveness

Difference in imports from Guinea () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Guinea () (2023)

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