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2022
Flag → Flag
Exports $190kRnk 47 / 128
2022
Flag → Flag
Top Product $175kMicro-Organism Culture Preparations
2022
Flag → Flag
Exports $12.1MRnk 53 / 178
2022
Flag → Flag
Top Product $5.1MOther Edible Preparations
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Belize-Costa Rica Trade: In 2022, Belize exported $190k to Costa Rica. The main products that Belize exported to Costa Rica were Micro-Organism Culture Preparations ($175k), Soybean Oil ($161k), and Paper Labels ($50.5k). Over the past 5 years the exports of Belize to Costa Rica have decreased at an annualized rate of 15.4%, from $439k in 2017 to $190k in 2022.

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

Costa Rica-Belize Trade: In 2022, Costa Rica exported $12.1M to Belize. The main products that Costa Rica exported to Belize were Other Edible Preparations ($5.1M), Orthopedic Appliances ($3.67M), and Pesticides ($3.18M). Over the past 5 years the exports of Costa Rica to Belize have decreased at an annualized rate of 3.98%,  from $14.8M in 2017 to $12.1M in 2022.

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

Comparison In 2022,  Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belize exported $190k to Costa Rica. The main products exported from Belize to Costa Rica were Micro-Organism Culture Preparations ($175k), Soybean Oil ($161k), and Paper Labels ($50.5k). During the last 5 years the exports of Belize to Costa Rica have decreased at an annualized rate of 15.4%, from $439k in 2017 to $190k in 2022.

In 2017, Costa Rica exported $12.1M to Belize. The main products exported from Costa Rica to Belize were Other Edible Preparations ($5.1M), Orthopedic Appliances ($3.67M), and Pesticides ($3.18M). During the last 22 years the exports of Costa Rica to Belize have decreased at an annualized rate of 3.98%, from $14.8M in 1995 to $12.1M in 2017.

Exports from Belize (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Belize (Flag) (2022)

Latest Data

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

Belize Exports

Costa Rica Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.5M
Costa Rica
Top DestinationUnited States$6.83B

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 2022, countries that imported more from Belize than Costa Rica included Cote d'Ivoire ($10.4M), Bulgaria ($2.96M), and Dominica ($1.29M).

In 2022, countries that imported more from Costa Rica than Belize included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

Difference in imports from Costa Rica (Flag) and Belize (Flag) (2022)

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 2022, Belize had a large net trade with Costa Rica in the exports of Chemical Products ($178k), Animal and Vegetable Bi-Products ($161k), and Machines ($114k).

During 2017, Costa Rica had a large net trade with Belize in the exports of Foodstuffs ($7.01M), Instruments ($5.72M), and Chemical Products ($3.72M).

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) (2022)

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