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

About

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 29%, from $488k in 2018 to $1.75M in 2023.

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

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 29%, from $488k in 2018 to $1.75M in 2023.

In 2018, 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 2023 to $95.2M in 2018.

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

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

Latest Data

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

Belize Exports

Costa Rica Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Belize - Costa Rica

Flow
Scale

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

During 2023, 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).

During 2018, Costa Rica had a large net trade with Belize in the exports of Instruments ($79.7M), Foodstuffs ($7.41M), and Chemical Products ($3.47M).

Economic Complexity

Competitive Landscape

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

Product Space of Belize (Flag) and Costa Rica (Flag) (2023)

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