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Pricing

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

About

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.

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.

Comparison: In 2023,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). 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, 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 2018 to $626M in 2023.

In 2018, 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 2023 to $846M in 2018.

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

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

Latest Data

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

Guatemala Exports

Costa Rica Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Guatemala - Costa Rica

Flow
Scale

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

During 2023, 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).

During 2018, Costa Rica had a large net trade with Guatemala in the exports of Foodstuffs ($342M), Metals ($86M), and Chemical Products ($71.4M).

Potential Exports

Potential Exports

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

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 Guatemala and Costa Rica. This means that a dot/product with the flag of Guatemala 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 Guatemala.

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

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