Fastest-Growing Central American Export Countries

Costa Rica panorama

Costa Rica panorama

After analyzing 2014 export data, we found that only one Central American country that more than doubled the value of its exports from 2010 to 2014.

Exports from Central America increased in value by an average 44.4% over the 5-year time frame. This is actually a faster clip than the 23.5% grand-total pace for all world exports.

Fastest-Growing Central American Export Countries

Listed below in descending order are the fastest-growing Central American export countries. Shown within parentheses is the percentage increase in a country’s global exports from 2010 to 2014.

  1. Nicaragua: $4,767,933,000 (up 158.1% since 2010)
  2. Panama: $18,070,000,000 (up 64.5%)
  3. Honduras: $4,533,348,000 (up 46.1%)
  4. Belize: $394,756,000 (up 40%)
  5. Guatemala: $10,890,691,000 (up 28.7%)
  6. Costa Rica: $11,251,853,000 (up 24.4%)
  7. El Salvador: $5,272,670,000 (up 17.2%)


 
Nicaragua is an established producer of coffee, beef, gold, sugar, peanuts, shrimp and lobster. Its economy is focused primarily on agricultural products, although Nicaraguan clothing exports have accelerated in recent years. With a population of 5.849 million, Nicaragua continues to lead all other Central American countries in the value of exported products.

See also Top Central American Export Countries

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on June 22, 2015

The World Factbook, Field Listing: Exports, Central Intelligence Agency. Accessed on June 22, 2015

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on June 22, 2015