Flag Guatemala / Costa Rica Flag

2020
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Exports
: $445M, Rnk 6 / 164

2020
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Top Product
: $35.2M, Pesticides

2020
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Exports
: $633M, Rnk 3 / 168

2020
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Top Product
: $106M, Other Edible Preparations

2020
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Economic Complexity (ECI)
: ECI -0.4, Rnk 78 / 127

2020
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Economic Complexity (ECI)
: ECI 0.18, Rnk 50 / 127

2020
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GDP
: $77.6B, CURRENT US$
Rnk 69 / 195

2010-2020
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GDP GROWTH
: 90.8%, CURRENT US$
Rnk 20 / 195

2020
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 GDP
: $61.8B, CURRENT US$
Rnk 76 / 195

2010-2020
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GDP GROWTH
: 64.2%, CURRENT US$
Rnk 37 / 195

2020
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GDP PC 
: $4,603, CURRENT US$
Rnk 107 / 195

2010-2020
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GDP PC GROWTH
: 61.4%, CURRENT US$
Rnk 22 / 195

2020
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GDP PC
: $12,141, CURRENT US$
Rnk 65 / 195

2010-2020
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GDP PC GROWTH
: 47.6%, CURRENT US$
Rnk 31 / 195

Guatemala-Costa Rica In 2020, Guatemala exported $445M to Costa Rica. The main products that Guatemala exported to Costa Rica are Pesticides ($35.2M), Packaged Medicaments ($29.3M), and Toilet Paper ($28.7M). During the last 25 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 5.67%, from $112M in 1995 to $445M in 2020.

In 2020, Guatemala did not export any services to Costa Rica.

Costa Rica-Guatemala In 2020, Costa Rica exported $633M to Guatemala. The main products that Costa Rica exported to Guatemala were Other Edible Preparations ($106M), Sauces and Seasonings ($39M), and Toilet Paper ($29.6M). During the last 25 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 7.31%, from $108M in 1995 to $633M in 2020.

In 2020, Costa Rica did not export any services to Guatemala.

Comparison In 2020,  Guatemala ranked 78 in the Economic Complexity Index (ECI -0.4), and 81 in total exports ($12.2B). That same year, Costa Rica ranked 50 in the Economic Complexity Index (ECI 0.18), and 76 in total exports ($14B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Guatemala exported $445M to Costa Rica. The main products exported from Guatemala to Costa Rica were Pesticides ($35.2M), Packaged Medicaments ($29.3M), and Toilet Paper ($28.7M). During the last 25 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 5.67%, from $112M in 1995 to $445M in 2020.

In 2020, Costa Rica exported $633M to Guatemala. The main products exported from Costa Rica to Guatemala were Other Edible Preparations ($106M), Sauces and Seasonings ($39M), and Toilet Paper ($29.6M). During the last 25 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 7.31%, from $108M in 1995 to $633M in 2020.

Guatemala Exports

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Costa Rica Exports

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Market Competitiveness

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Measure

Guatemala
Top Destination
: United States, $3.87B

Costa Rica
Top Destination
: United States, $5.19B

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

In 2019, countries that imported more from Guatemala than Costa Rica were El Salvador ($1.32B), Honduras ($1.02B), and Saudi Arabia ($324M).

In 2019, countries that imported more from Costa Rica than Guatemala were United States ($5.19B), Netherlands ($1.33B), and Belgium ($575M).

Comparative Advantage Guatemala - Costa Rica

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Flow

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

During 2020, Guatemala had a large net trade with Costa Rica in the exports of Chemical Products ($134M), Plastics and Rubbers ($72.9M), and Foodstuffs ($72.9M).

During 2020, Costa Rica had a large net trade with Guatemala in the exports of Foodstuffs ($211M), Chemical Products ($98.2M), and Animal Products ($62.1M).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Guatemala has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over Guatemala.