Unlocking Central America's Export Potential : Export Performance

Unlocking Central America's Export Potential : Export Performance

The Central America region is a small market. The region contains around 43 million inhabitants (0.6 percent of total world population) who generate around 0.25 percent of the world's Gross Domestic Product (GDP). While the region has successf...

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Bibliographic Details
Main Author:	World Bank
Format:	Working Paper
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	AGGREGATE EXPORTS AGRICULTURAL PRODUCTS APPAREL APPAREL EXPORTS APPAREL INDUSTRY APPAREL SECTOR AVERAGE TARIFF BARRIERS TO TRADE BENCHMARK BENCHMARKING BENCHMARKS BILATERAL RELATIONSHIPS BILATERAL TRADE CAPACITY OF FIRMS COMMON MARKET COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMERS CUSTOMS CUSTOMS TERRITORY DEVELOPING COUNTRIES DOMESTIC INDUSTRIES DOMESTIC MARKET DOMESTIC PRODUCERS DOMESTIC SUPPLIERS ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION ECONOMIC SECTORS EMERGING ECONOMIES EMERGING MARKETS EQUIPMENT EXCHANGE RATES EXPORT BASKET EXPORT BASKETS EXPORT CAPACITY EXPORT COMPETITIVENESS EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT ORIENTATION EXPORT PATTERNS EXPORT PERFORMANCE EXPORT SECTOR EXPORT SECTORS EXPORT SHARE EXPORT SHARES EXPORT VALUE EXPORT VOLUMES EXPORTER EXPORTERS EXPORTS EXTERNAL TARIFFS FINANCIAL CRISIS FINANCIAL SUPPORT FINISHED PRODUCTS FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN MARKET FOREIGN MARKETS FOREIGN SUPPLIERS FOREIGN TRADE FREE ACCESS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FREE TRADE ZONE FREE ZONE FREE ZONES GDP GDP PER CAPITA GLOBAL COMPETITION GLOBAL ECONOMY GLOBAL MARKET GLOBALIZATION GRAVITY MODEL GROSS EXPORTS GROWTH RATE HOST COUNTRY HUMAN CAPITAL IMPORT DATA IMPORT LICENSING IMPORT SHARE IMPORTS INCOME INCOME LEVELS INFORMATION SYSTEM INPUT PRICES INSTRUMENT INSURANCE INTELLECTUAL PROPERTY INTERMEDIATE GOODS INTERNATIONAL MARKETS INTERNATIONAL PRODUCTION INTERNATIONAL TRADE INTRAREGIONAL TRADE INVESTMENT BANK INVESTMENT PROJECTS KNOWLEDGE SPILLOVERS LABOR MARKET LOCAL BUSINESS LOCAL ECONOMY LOCAL MARKET LOW TARIFFS MARGINAL COSTS MARKET ACCESS MARKET DIVERSIFICATION MARKET FAILURES MARKET INFORMATION MARKET SHARE MARKET SHARES MIDDLE INCOME COUNTRIES MISSING MARKETS MULTINATIONAL CORPORATIONS NEGATIVE SHOCKS NET EXPORTS OPENNESS OUTSOURCING PER CAPITA INCOME PREFERENTIAL MARKET ACCESS PREFERENTIAL RULES PREFERENTIAL TARIFFS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PREFERENTIAL TREATMENT PRELIMINARY ASSESSMENT PRICE CONTROLS PROTECTIONIST PROTECTIONIST MEASURES QUOTA SYSTEM REGIONAL INTEGRATION REGIONAL TRADE REGIONAL TRADE AGREEMENTS REMITTANCE REMITTANCES SALES SPECIALIZATION STATISTICAL ANALYSIS SUPPLIER SUPPLY CHAIN TARIFF PREFERENCE LEVEL TARIFF REDUCTION TARIFF REDUCTIONS TECHNICAL BARRIERS TERMS OF TRADE TRADE AGREEMENT TRADE BALANCE TRADE BALANCES TRADE CENTER TRADE COSTS TRADE DATA TRADE DEFICIT TRADE DEFICITS TRADE FACILITATION TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE MORE TRADE OPENNESS TRADE PARTNER TRADE PATTERNS TRADE PERFORMANCE TRADE RELATIONSHIP TRADE RELATIONSHIPS TRADE RESTRICTIONS TRADE SURPLUS TRADE-RELATED INVESTMENT TRADING TREATY TRUST FUND TURNOVER VALUE ADDED VOLATILITY WELFARE GAINS WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/829471468231846578/Export-performance http://hdl.handle.net/10986/27215

Description
Summary:	The Central America region is a small market. The region contains around 43 million inhabitants (0.6 percent of total world population) who generate around 0.25 percent of the world's Gross Domestic Product (GDP). While the region has successfully embarked on a regional integration agenda and has strong commercial links with the US, extra-regional trade-mainly with large fast-growing emerging economies-remains a challenge. Export performance is analyzed along three dimensions that, together, give a fairly comprehensive picture of competitiveness: 1) the composition, orientation and growth of the export basket; 2) the degree of export diversification across products and markets; and 3) the level of sophistication and quality of their main exports. This analysis allows exports dynamics at the different margins of trade (intensive, extensive, and quality) to be evaluated and individual countries' to be benchmarked with peers in the Central American region. The results of this report allow policy makers to identify key areas to explore in the overall discussion of export competitiveness in the Central American region. This paper relates to the literature on challenges and opportunities that trade liberalization can bring to the Central American region. Much of the recent literature focuses on the role of the free trade agreement negotiated by Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua, with the US.

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