Guatemala (GTM) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Guatemala-Costa Rica Trade: In 2022, Guatemala exported $641M to Costa Rica. The main products that Guatemala exported to Costa Rica were Plastic Lids ($44.9M), Packaged Medicaments ($37.5M), and Pesticides ($37.3M). Over the past 5 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 8.46%, from $427M in 2017 to $641M in 2022.

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

Costa Rica-Guatemala Trade: In 2022, Costa Rica exported $821M to Guatemala. The main products that Costa Rica exported to Guatemala were Other Edible Preparations ($159M), Sauces and Seasonings ($52.5M), and Non-Retail Mixed Cotton Yarn ($39.6M). Over the past 5 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 7.25%, from $578M in 2017 to $821M in 2022.

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

Comparison: In 2022, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $641M to Costa Rica. The main products exported from Guatemala to Costa Rica were Plastic Lids ($44.9M), Packaged Medicaments ($37.5M), and Pesticides ($37.3M). During the last 5 years the exports of Guatemala to Costa Rica have increased at an annualized rate of 8.46%, from $427M in 2017 to $641M in 2022.

In 2017, Costa Rica exported $821M to Guatemala. The main products exported from Costa Rica to Guatemala were Other Edible Preparations ($159M), Sauces and Seasonings ($52.5M), and Non-Retail Mixed Cotton Yarn ($39.6M). During the last 5 years the exports of Costa Rica to Guatemala have increased at an annualized rate of 7.25%, from $578M in 2022 to $821M in 2017.

Exports from Guatemala () to Costa Rica () (2022)

Exports from Costa Rica () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Costa Rica ()

Guatemala Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Costa Rica
Top DestinationUnited States$6.83B

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 2022, countries that imported more from Guatemala than Costa Rica included El Salvador ($2.03B), Honduras ($1.58B), and Nicaragua ($1B).

In 2022, countries that imported more from Costa Rica than Guatemala included United States ($6.83B), Belgium ($775M), and Netherlands ($1.22B).

Difference in imports from Costa Rica () and Guatemala () (2022)

Comparative Advantage Guatemala - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Costa Rica in the exports of Chemical Products ($180M), Plastics and Rubbers ($116M), and Foodstuffs ($93.7M).

During 2017, Costa Rica had a large net trade with Guatemala in the exports of Foodstuffs ($283M), Paper Goods ($94.3M), and Chemical Products ($88.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Costa Rica () (2022)

Exports from Costa Rica () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Costa Rica ()

Guatemala Exports

Costa Rica Exports

Market Competitiveness

Difference in imports from Costa Rica () and Guatemala () (2022)

Comparative Advantage Guatemala - Costa Rica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Costa Rica () (2022)

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