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Central American Common Market

Exports (2023)$66.3B
Imports (2023)$97B
Main Exporter (2023)Costa Rica $23.7B
Main Importer (2023)Guatemala$30.5B
Internal Trade (2023)21.2%of total trade

About

Overview CACM (Central American Common Market) is a Trade Bloc composed by Costa Rica, Guatemala, Honduras, Nicaragua, and El Salvador. In 2023, CACM exported $66.3B (0.29% of global exports) and imported $97B (0.43% of global imports). Its largest exporter, Costa Rica exported $23.7B, which corresponds to 35.8% of the total exports. On the other hand, the largest importer, Guatemala, imported $30.5B, which is 31.4% of the total imports of Central American Common Market.

Trade In 2023, CACM's most exported products were Unroasted Coffee (Non-Decaffeinated) ($3.84B), Bananas & Plantains (Fresh/Dried) ($3.69B), Medical & Scientific Instruments (n.e.s.) ($2.85B), Digital Monolithic Integrated Circuits ($2.85B), and T-shirts, singlets and other vests, of cotton, knit ($2.8B). The same year, the most imported products were Bituminous Petroleum Distillates (Excl. Crude) ($11.7B), Medicaments in Dosage (n.e.s.) ($2.23B), Diesel Trucks < 5 tonnes ($1.53B), Radio/TV Transmit-Receive Apparatus ($1.52B), and Maize except seed corn ($1.45B).

Partners In 2023, CACM's exports went primarly to United States ($27.3B), El Salvador ($3.45B), Honduras ($3.33B), Mexico ($3.12B), and Nicaragua ($3.09B). The same year, CACM's imported primarily from United States ($31.1B), China ($15.3B), Mexico ($7.93B), Guatemala ($4.72B), and El Salvador ($3.01B).

Historical Data

Organization Composition

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Flow
Y-AXIS SCALE
Value

The following section shows the trade patterns over time for all the countries that comprise the organization, using historical dataset.

Yearly Exports of CACM

Internal Trade

Flow
Depth
Color

Internal Trade includes all trade between the countries that comprise this organization.

In 2023, the top internal exports of CACM were Knit T-shirts ($781M), Other Edible Preparations ($483M), Plastic Lids ($470M), Packaged Medicaments ($451M), and Baked Goods ($448M).

The same year, the principal destinations of internal exports were El Salvador ($3.45B), Honduras ($3.33B), Nicaragua ($3.09B), Guatemala ($2.8B), and Costa Rica ($1.37B).

Internal Exports (2021)
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Internal Destinations (2021)
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External Trade

Flow
Depth

External trade includes all world trade excluding the countries that comprise this organization.

In 2023, the top external exports of CACM were United States ($27.3B), Mexico ($3.12B), Netherlands ($2.41B), Canada ($1.91B), and China ($1.4B).

The same year, the principal destinations of external exports were Medical Instruments ($6.01B), Coffee ($3.89B), Bananas ($3.65B), Knit T-shirts ($3B), and Integrated Circuits ($2.86B).

External Exports (2021)
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External Destinations (2021)
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Total Trade

Flow
Color
Depth
Top Export (2023)Medical Instruments$6.02B
Top Destination (2023)United States$27.3B

In 2023, CACM exported a total of $66.3B. During the last five reported years the exports of CACM have changed by $18.1B from $48.2B in 2018 to $66.3B in 2023.

The most recent exports are led by Medical Instruments ($6.02B), Coffee ($3.94B), Knit T-shirts ($3.78B), Bananas ($3.69B), and Insulated Wire ($3B). The most common destination for the exports of CACM are United States ($27.3B), El Salvador ($3.45B), Honduras ($3.33B), Mexico ($3.12B), and Nicaragua ($3.09B).

Exports (2021)
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Destinations (2021)
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Largest Export by Country

Indicator

The following visualization shows the principal export per country, the product which has grown the most over the past 5 years or the product in which the country has a higher level of specialization, measured by the RCA Index.

Biggest export by country (2021)

Trade between organizations

Flow
Color
Depth

This visualization show trade between international organizations. The default selection shows the trade with the rest of the world.

Exports (2021)

Destinations (2021)

Economic Complexity

Complexity and Country Indicators

Indicator

This visualization compares the Economic Complexity Index (ECI) with different indicators about country development such as GDP per capita or Inflation. For more information about ECI, check the Methods page.

In 2023, the countries with higher complexity that belong to Central American Common Market were Costa Rica (0.39), El Salvador (-0.035), Guatemala (-0.23), Honduras (-0.54), and Nicaragua (-1.03).

On the other hand, the countries with higher GDP per capita were Costa Rica ($16.9k), Guatemala ($5.76k), El Salvador ($5.39k), Honduras ($3.23k), and Nicaragua ($2.61k).

Finally, the biggest exporters of CACM were Costa Rica ($23.7B), Guatemala ($15.4B), Honduras ($11.9B), Nicaragua ($8.51B), and El Salvador ($6.76B).

GDP per capita v/s ECI for countries that comprise Central American Common Market (2023)

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