2018
Exports
$112MWorld Rnk 55 / 210
Flag Rnk 25 / 1045
2022
PRODUCT COMPLEXITY IN Baked Goods
-0.32Rnk 655 / 1025
2018
Imports
$87.4MWorld Rnk 74 / 226
Flag Rnk 46 / 1169
2022
ECONOMIC COMPLEXITY of Costa Rica
0.32Rnk 51 / 133

About

Exports In 2018, Costa Rica exported $112M in Baked Goods, making it the 55th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 25th most exported product in Costa Rica. The main destination of Baked Goods exports from Costa Rica are: Guatemala ($29.1M), Panama ($20.6M), Nicaragua ($15.1M), Honduras ($14.5M), and El Salvador ($13.9M).

The fastest growing export markets for Baked Goods of Costa Rica between 2021 and 2022 were Nicaragua ($3.49M), Panama ($2.97M), and El Salvador ($2.21M).

Imports In 2022, Costa Rica imported $87.4M in Baked Goods, becoming the 74th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 46th most imported product in Costa Rica. Costa Rica imports Baked Goods primarily from: Guatemala ($25.7M), United States ($19.9M), Honduras ($9.26M), Mexico ($7.69M), and El Salvador ($4.83M).

The fastest growing import markets in Baked Goods for Costa Rica between 2021 and 2022 were Guatemala ($7.34M), United States ($1.92M), and Mexico ($1.81M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Baked Goods. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$112M
IMPORTS (2022)$87.4M
NET TRADE (2022)$24.7M

In 2022, Costa Rica exported $112M in Baked Goods. The main destinations of Costa Rica exports on Baked Goods were Guatemala ($29.1M), Panama ($20.6M), Nicaragua ($15.1M), Honduras ($14.5M), and El Salvador ($13.9M).

In 2022, Costa Rica imported $87.4M in Baked Goods, mainly from Guatemala ($25.7M), United States ($19.9M), Honduras ($9.26M), Mexico ($7.69M), and El Salvador ($4.83M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Costa Rica WERE (2021 - 2022):
Nicaragua$3.49M (30%)
Panama$2.97M (16.8%)
El Salvador$2.21M (19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Costa Rica WERE (2021 - 2022):
Guatemala-$372k (-1.26%)
Guyana-$101k (-26.4%)
Jamaica-$81.3k (-20.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Costa Rica's main exporting competitors in Baked Goods were:
Germany $4.92B
Canada $4.75B
Italy $3.5B
In 2022, Costa Rica's main importing competitors in Baked Goods were:

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.6M
TOP IMPORT POTENTIALMexico+ $3.85M

Baked Goods’s highest export potential is United States. With an export gap of $12.6M.   Baked Goods’s highest import potential is Mexico with an import gap of $3.85M.

See methodology.

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