2023
Exports
$130MWorld Rnk 56 / 208
Flag Rnk 21 / 1040
2023
PRODUCT COMPLEXITY IN Baked Goods
-0.25Rnk 632 / 1025
2023
Imports
$114MWorld Rnk 65 / 226
Flag Rnk 36 / 1163
2023
ECONOMIC COMPLEXITY of Costa Rica
0.34Rnk 48 / 132

About

Exports In 2023, Costa Rica exported $130M in Baked Goods, making it the 56th largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 21st most exported product in Costa Rica. The main destination of Baked Goods exports from Costa Rica are: Guatemala ($38.6M), Panama ($21.2M), Nicaragua ($18.1M), Honduras ($17.1M), and El Salvador ($16.4M).

The fastest growing export markets for Baked Goods of Costa Rica between 2022 and 2023 were Guatemala ($9.2M), Nicaragua ($2.81M), and Honduras ($2.56M).

Imports In 2023, Costa Rica imported $114M in Baked Goods, becoming the 65th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 36th most imported product in Costa Rica. Costa Rica imports Baked Goods primarily from: Guatemala ($28.9M), United States ($24.5M), Honduras ($14.2M), Mexico ($10.2M), and Peru ($7.23M).

The fastest growing import markets in Baked Goods for Costa Rica between 2022 and 2023 were Honduras ($4.64M), Guatemala ($3.78M), and United States ($3.59M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Baked Goods. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$130M
IMPORTS (2023)$114M
NET TRADE (2023)$16.3M

In 2023, Costa Rica exported $130M in Baked Goods. The main destinations of Costa Rica exports on Baked Goods were Guatemala ($38.6M), Panama ($21.2M), Nicaragua ($18.1M), Honduras ($17.1M), and El Salvador ($16.4M).

In 2023, Costa Rica imported $114M in Baked Goods, mainly from Guatemala ($28.9M), United States ($24.5M), Honduras ($14.2M), Mexico ($10.2M), and Peru ($7.23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Costa Rica WERE (2022 - 2023):
Guatemala$9.2M (31.3%)
Nicaragua$2.81M (18.4%)
Honduras$2.56M (17.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Costa Rica WERE (2022 - 2023):
United States-$5.56M (-33.4%)
Dominican Republic-$1.87M (-35.6%)
Colombia-$1.11M (-54.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Costa Rica's main exporting competitors in Baked Goods were:
Germany $5.89B
Canada $5.28B
Italy $4.02B
In 2023, Costa Rica's main importing competitors in Baked Goods were:

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.6M
TOP IMPORT POTENTIALMexico+ $3.85M

Baked Goods’s highest export potential is United States. With an export gap of $12.6M.   Baked Goods’s highest import potential is Mexico with an import gap of $3.85M.

See methodology.

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