Costa Rica-Honduras Bilateral Trade Analysis 2023
Complete trade statistics: $786.31M total volume •Costa Rica surplus: $414.88M
Costa Rica → Honduras
$600.60M
Exports (2023)
Honduras → Costa Rica
$185.71M
Imports (2023)
Trade Balance
$414.88M
Surplus for Costa Rica
Total Trade
$786.31M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Costa Rica and Honduras. Green line shows exports from Costa Rica, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Costa Rica-Honduras commercial relationship and competitive positioning in global markets.
Costa Rica → Honduras Exports
Export Market Intelligence
🎯 Strategic Export Focus
Costa Rica's export portfolio to Honduras demonstrates strategic specialization, with food preparations: n.e.c. in item no. 2106.10 representing a key competitive advantage in this bilateral market.
Honduras → Costa Rica Imports
Import Dependency Profile
📦 Import Strategy Analysis
Costa Rica's import pattern from Honduras reveals significant dependencyin paper and paperboard: cartons, boxes and cases, of corrugated paper or paperboard, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Costa Rica demonstrates competitive strength in exportingfood preparations: n.e.c. in item no. 2106.10 to Honduras, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $786.31M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Costa Rica-Honduras Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $786.31 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Costa Rica maintains a surplus of $414.88 million
- Export Focus: Costa Rica's primary exports include food preparations: n.e.c. in item no. 2106.10, insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
- Import Dependencies: Key imports from Honduras include paper and paperboard: cartons, boxes and cases, of corrugated paper or paperboard, dog or cat food: put up for retail sale, used in animal feeding, food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $786.31M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Costa Rica leveraging its comparative advantages in food preparations: n.e.c. in item no. 2106.10.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Costa Rica's specialization in food preparations: n.e.c. in item no. 2106.10complements Honduras's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in paper and paperboard: cartons, boxes and cases, of corrugated paper or paperboard.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $786.31M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $786.31M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $786.31 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in food preparations: n.e.c. in item no. 2106.10 and paper and paperboard: cartons, boxes and cases, of corrugated paper or paperboard demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Costa Rica's trade surplus of $414.88 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Costa Rica and Honduras represents a total trade volume of $786.31 million in 2023. This partnership demonstrates a favorable trade balance for Costa Rica, with exports exceeding importsby $414.88 million.
Export Strengths
Costa Rica's exports to Honduras total $600.60 million, with competitive advantages in food preparations: n.e.c. in item no. 2106.10, representing $119.48M or19.9% of bilateral exports.
Import Dependencies
Imports from Honduras amount to $185.71 million, highlighting economic interdependence in paper and paperboard: cartons, boxes and cases, of corrugated paper or paperboard, with Paper and paperboard: cartons, boxes and cases, of corrugated paper or paperboard comprising14.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Costa Rica's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Costa Rica and Honduras in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023