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2023
Flag → Flag
Exports $846MRnk 4 / 172
2023
Flag → Flag
Top Product $177MOther Edible Preparations
2023
Flag → Flag
Exports $626MRnk 6 / 170
2023
Flag → Flag
Top Product $47.2MToilet Paper
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Costa Rica-Guatemala Trade: In 2023, Costa Rica exported $846M to Guatemala. The main products that Costa Rica exported to Guatemala were Other Edible Preparations ($177M), Sauces and Seasonings ($66.4M), and Non-Retail Mixed Cotton Yarn ($39M). Over the past 5 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 5.28%, from $654M in 2018 to $846M in 2023.

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

Guatemala-Costa Rica Trade: In 2023, Guatemala exported $626M to Costa Rica. The main products that Guatemala exported to Costa Rica were Toilet Paper ($47.2M), Plastic Lids ($37.2M), and Cleaning Products ($36M). Over the past 5 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 7.54%,  from $435M in 2018 to $626M in 2023.

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

Comparison: In 2023,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $846M to Guatemala. The main products exported from Costa Rica to Guatemala were Other Edible Preparations ($177M), Sauces and Seasonings ($66.4M), and Non-Retail Mixed Cotton Yarn ($39M). During the last 5 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 5.28%, from $654M in 2018 to $846M in 2023.

In 2018, Guatemala exported $626M to Costa Rica. The main products exported from Guatemala to Costa Rica were Toilet Paper ($47.2M), Plastic Lids ($37.2M), and Cleaning Products ($36M). During the last 5 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 7.54%, from $435M in 2023 to $626M in 2018.

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

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

Latest Data

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

Costa Rica Exports

Guatemala Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Guatemala
Top DestinationUnited States$5.16B

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

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

In 2023, countries that imported more from Guatemala than Costa Rica included El Salvador ($1.73B), Honduras ($1.42B), and Nicaragua ($939M).

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

Comparative Advantage Costa Rica - Guatemala

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Guatemala in the exports of Foodstuffs ($342M), Metals ($86M), and Chemical Products ($71.4M).

During 2018, Guatemala had a large net trade with Costa Rica in the exports of Chemical Products ($176M), Plastics and Rubbers ($98.2M), and Foodstuffs ($93.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Costa Rica Guatemala+$3.16MMedical Instruments
Top Product Potential Guatemala Costa Rica+$1.64MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

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

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