Flag Honduras / Costa Rica Flag

Exports FlagFlag  (2018): $108M, Rnk 12 / 111

Top Product FlagFlag (2018): $33.1M, Paper Containers

Exports FlagFlag (2018): $394M, Rnk 8 / 161

Top Product FlagFlag (2018): $66M, Other Edible Preparations

Economic Complexity of Flag (2018): ECI -0.65, Rnk 96 / 137

Economic Complexity of Flag (2018): ECI 0.27, Rnk 53 / 137

GDP Flag (2018): $24B, CURRENT US$
Rnk 111 / 196

GDP GROWTH Flag (2008-2018): 73.8%, CURRENT US$
Rnk 50 / 196

GDP Flag (2018): $60.1B, CURRENT US$
Rnk 77 / 196

GDP GROWTH Flag (2008-2018): 96.4%, CURRENT US$
Rnk 32 / 196

GDP PC Flag (2018): $2,500, CURRENT US$
Rnk 144 / 196

GDP PC GROWTH Flag (2008-2018): 44.7%, CURRENT US$
Rnk 51 / 196

GDP PC Flag (2018): $12,027, CURRENT US$
Rnk 65 / 196

GDP PC GROWTH Flag (2008-2018): 75.3%, CURRENT US$
Rnk 28 / 196

Honduras-Costa Rica: In 2018, Honduras exported $108M to Costa Rica. The main products exported from Honduras to Costa Rica were Paper Containers ($33.1M), Coffee ($9.85M), and Baked Goods ($7.9M). During the last 23 years the exports of Honduras to Costa Rica have increased at an annualized rate of 6.84%, from $23.6M in 1995 to $108M in 2018.

Costa Rica-Honduras: In 2018, Costa Rica exported $394M to Honduras. The main products exported from Costa Rica to Honduras were Other Edible Preparations ($66M), Packaged Medicaments ($34M), and Insulated Wire ($27.7M). During the last 23 years the exports of Costa Rica to Honduras have increased at an annualized rate of 9.39%, from $50M in 1995 to $394M in 2018.

Comparison: In 2018, Honduras ranked 96 in the Economic Complexity Index (ECI -0.65), and 93 in total exports ($8.62B). That same year, Costa Rica ranked 53 in the Economic Complexity Index (ECI 0.27), and 80 in total exports ($12.9B). In terms of GDP Per Capita, Honduras was ranked 144 with a GDP Per Capita of $2,500, and Costa Rica was ranked 65 with a GDP Per Capita of $12,027.

Bilateral Trade by Products

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Depth
Value

In 2018, Honduras exported $108M to Costa Rica. The main products exported from Honduras to Costa Rica were Paper Containers ($33.1M), Coffee ($9.85M), and Baked Goods ($7.9M). During the last 23 years the exports of Honduras to Costa Rica have increased at an annualized rate of 6.84%, from $23.6M in 1995 to $108M in 2018.

In 2018, Costa Rica exported $394M to Honduras. The main products exported from Costa Rica to Honduras were Other Edible Preparations ($66M), Packaged Medicaments ($34M), and Insulated Wire ($27.7M). During the last 23 years the exports of Costa Rica to Honduras have increased at an annualized rate of 9.39%, from $50M in 1995 to $394M in 2018.

Market Competitiveness

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Measure

Honduras
Top Destination
: United States, $4.79B

Costa Rica
Top Destination
: United States, $4.7B

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

In 2018, countries that imported more from Honduras than Costa Rica were El Salvador ($749M), Germany ($365M), and Canada ($239M).

In 2018, countries that imported more from Costa Rica than Honduras were Panama ($581M), Guatemala ($571M), and Belgium-Luxembourg ($698M).

Comparative Advantage Honduras - Costa Rica

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Depth

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

During 2018, Honduras had a large net trade with Costa Rica in the exports of Paper Goods ($40.2M), Foodstuffs ($17.8M), and Vegetable Products ($12M).

During 2018, Costa Rica had a large net trade with Honduras in the exports of Foodstuffs ($119M), Chemical Products ($99M), and Machines ($49.8M).

Tariff Section

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This sections shows import tariffs for products traded between Honduras and Costa Rica (using the HS6 product classification and the last year reported).

In 2018, the products from Honduras that paid the highest import tariffs to enter Costa Rica were Coffee, roasted, not decaffeinated (15%) and Coffee, not roasted, decaffeinated (2%).

In 2018, the products from Costa Rica that paid the highest import tariffs to enter Honduras were Milk powder < 1.5% fat (56.1%) and Milk not concentrated nor sweetened 1-6% fat (54.7%).

Explore Tariff Data

*The tariffs present between Honduras and Costa Rica are:
136: Most Favoured Nation duty rate treatement
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado Común Centroamericano MCCA) Central American Integration System SICA
386: United States - Dominican Republic - Central America Free Trade Agreement (DR-CAFTA; incl. Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic; 2005)

Trade Forecasts

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This section shows a forecast for total trade between Honduras and Costa Rica. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more Honduras has comparative advantage over Costa Rica. Similarly, the more red a dot/product is, the more Costa Rica has comparative advantage over Honduras.