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2023
Flag → Flag
Exports $213MRnk 83 / 220
2023
Flag → Flag
Top Product $66.2MRefined Petroleum
2023
Flag → Flag
Exports $767MRnk 5 / 172
2023
Flag → Flag
Top Product $311MMedical Instruments
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
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GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Belgium-Costa Rica Trade: In 2023, Belgium exported $213M to Costa Rica. The main products that Belgium exported to Costa Rica were Refined Petroleum ($66.2M), Cars ($39.7M), and Other Frozen Vegetables ($20.8M). Over the past 5 years the exports of Belgium to Costa Rica have increased at an annualized rate of 25.7%, from $68M in 2018 to $213M in 2023.

In 2023, Belgium did not export any services to Costa Rica.

Costa Rica-Belgium Trade: In 2023, Costa Rica exported $767M to Belgium. The main products that Costa Rica exported to Belgium were Medical Instruments ($311M), Orthopedic Appliances ($232M), and Bananas ($110M). Over the past 5 years the exports of Costa Rica to Belgium have increased at an annualized rate of 9.18%,  from $494M in 2018 to $767M in 2023.

In 2023, Costa Rica did not export any services to Belgium.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €6.43M and imported €46.8M from Costa Rica, resulting in a negative trade balance of €40.4M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-37.3M (-85.3%) from €43.7M to €6.43M, while imports increased by €6.43M (15.9%) from €40.4M to €46.8M.

Trade In October 2024, the top exports of Belgium to Costa Rica were Cars, tractors, trucks & parts thereof. (€2.19M), Optical, photo, & film equipment; medical... (€1.15M), Preparations of vegetables, fruit, nuts or... (€851k), Inorganic chemicals (€415k), and Beverages, spirits, & vinegar (€302k). In October 2024 the top imports of Belgium from Costa Rica were Optical, photo, & film equipment; medical... (€53.5M), Edible fruits, nuts & fruit peels (€7.21M), Live trees, plants, bulbs, cut flowers,... (€273k), Machinery, mechanical appliances, & parts (€193k), and Coffee, tea, mate & spices (€167k).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Pharmaceutical products (€-2.44M or -98.2%), Machinery, mechanical appliances, & parts (€-532k or -82%), and Cars, tractors, trucks & parts thereof. (€-392k or -15.2%). In October 2024, the increase in Belgium's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Optical, photo, & film equipment; medical... (€18.1M or 51.3%), Edible fruits, nuts & fruit peels (€5.95M or 475%), and Live trees, plants, bulbs, cut flowers,... (€147k or 117%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-37.3M(-85.3%)
IMPORT GROWTH (October 2023 - October 2024)€6.43M(15.9%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Costa Rica and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Costa Rica and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $213M to Costa Rica. The main products exported from Belgium to Costa Rica were Refined Petroleum ($66.2M), Cars ($39.7M), and Other Frozen Vegetables ($20.8M). During the last 5 years the exports of Belgium to Costa Rica have increased at an annualized rate of 25.7%, from $68M in 2018 to $213M in 2023.

In 2018, Costa Rica exported $767M to Belgium. The main products exported from Costa Rica to Belgium were Medical Instruments ($311M), Orthopedic Appliances ($232M), and Bananas ($110M). During the last 5 years the exports of Costa Rica to Belgium have increased at an annualized rate of 9.18%, from $494M in 2023 to $767M in 2018.

Exports from Belgium (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Costa Rica
Top DestinationUnited States$9.5B

This map shows whether countries import more from Belgium or Costa Rica. Each country is colored based on the difference in imports they receive from Belgium and Costa Rica or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Costa Rica included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Costa Rica than Belgium included Guatemala ($846M), Nicaragua ($661M), and Honduras ($575M).

Difference in imports from Costa Rica (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Costa Rica

Flow
Scale

This chart compares trade between Belgium and Costa Rica by product, considering products traded by both, Belgium and Costa Rica.

During 2023, Belgium had a large net trade with Costa Rica in the exports of Mineral Products ($66.5M), Transportation ($42.7M), and Chemical Products ($39.3M).

During 2018, Costa Rica had a large net trade with Belgium in the exports of Instruments ($543M), Vegetable Products ($193M), and Foodstuffs ($16.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Costa Rica+$10.8MCars
Top Product Potential Costa Rica Belgium+$1.05MFruit Juice

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Costa Rica. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Costa Rica (Flag) (2023)

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