Guinea (GIN) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Guinea-Costa Rica Trade: In 2023, Guinea exported $283 to Costa Rica. The main products that Guinea exported to Costa Rica were Industrial Fatty Acids, Oils and Alcohols ($217) and Rubber Pipes ($66). Over the past 7 years the exports of Guinea to Costa Rica have increased at an annualized rate of 4.57%, from $207 in 2016 to $283 in 2023.

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

Costa Rica-Guinea In N/A, Costa Rica did not export any products to Guinea.

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

Comparison: In 2023, Guinea ranked 131 in the Economic Complexity Index (ECI -2.18), and 83 in total exports ($18B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Guinea exported $283 to Costa Rica. The main products exported from Guinea to Costa Rica were Industrial Fatty Acids, Oils and Alcohols ($217) and Rubber Pipes ($66). During the last 7 years the exports of Guinea to Costa Rica have increased at an annualized rate of 4.57%, from $207 in 2016 to $283 in 2023.

Costa Rica does not register exports to Guinea.

Exports from Guinea () to Costa Rica () (2023)

Exports from Costa Rica () to Guinea () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guinea
Top DestinationUnited Arab Emirates$9.05B

Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Guinea than Costa Rica included United Arab Emirates ($9.05B), China ($6.41B), and India ($1.45B).

In 2023, countries that imported more from Costa Rica than Guinea included United States ($9.5B), Netherlands ($1.52B), and Guatemala ($846M).

Difference in imports from Costa Rica () and Guinea () (2023)

Comparative Advantage Guinea - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guinea had a large net trade with Costa Rica in the exports of Chemical Products ($217) and Plastics and Rubbers ($66).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guinea Costa Rica+$2.75kGold

Top Product Potential Costa Rica Guinea+$3.34kOther live plants, cuttings and slips; mushroom spawn

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

Year

This visualization shows the product space at the HS4 level with the flags of Guinea and Costa Rica. This means that a dot/product with the flag of Guinea 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 Guinea.

About

Historical Data

Bilateral Trade by Products

Exports from Guinea () to Costa Rica () (2023)

Exports from Costa Rica () to Guinea () (2023)

Market Competitiveness

Difference in imports from Costa Rica () and Guinea () (2023)

Comparative Advantage Guinea - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guinea () and Costa Rica () (2023)

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