2021
Flag  
GDP
$594BCURRENT US$
Rnk 23 / 204
2011-2021
Flag
GDP GROWTH
13.6%CURRENT US$
Rnk 131 / 204
2021
Flag
 GDP
$64.6BCURRENT US$
Rnk 82 / 204
2011-2021
Flag
GDP GROWTH
51.1%CURRENT US$
Rnk 50 / 204
2021
Flag
GDP PC 
$51,268CURRENT US$
Rnk 25 / 204
2011-2021
Flag
GDP PC GROWTH
8.14%CURRENT US$
Rnk 122 / 204
2021
Flag
GDP PC
$12,537CURRENT US$
Rnk 77 / 204
2011-2021
Flag
GDP PC GROWTH
37.2%CURRENT US$
Rnk 52 / 204

About

Belgium-Costa Rica In 2021, Belgium exported $90.2M to Costa Rica. The main products that Belgium exported to Costa Rica are Cars ($19.9M), Refined Petroleum ($12.6M), and Other Frozen Vegetables ($6.82M). During the last 22 years the exports of Belgium to Costa Rica have increased at an annualized rate of 3.99%, from $38.1M in 1999 to $90.2M in 2021.

In 2021, Belgium did not export any services to Costa Rica.

Costa Rica-Belgium In 2021, Costa Rica exported $729M to Belgium. The main products that Costa Rica exported to Belgium were Medical Instruments ($300M), Orthopedic Appliances ($166M), and Tropical Fruits ($73.2M). During the last 22 years the exports of Costa Rica to Belgium have increased at an annualized rate of 10.3%, from $85M in 1999 to $729M in 2021.

In 2021, Costa Rica did not export any services to Belgium.

Comparison In 2021,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B). That same year, Costa Rica ranked 52 in the Economic Complexity Index (ECI 0.24), and 79 in total exports ($16.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Belgium exported $90.2M to Costa Rica. The main products exported from Belgium to Costa Rica were Cars ($19.9M), Refined Petroleum ($12.6M), and Other Frozen Vegetables ($6.82M). During the last 22 years the exports of Belgium to Costa Rica have increased at an annualized rate of 3.99%, from $38.1M in 1999 to $90.2M in 2021.

In 2021, Costa Rica exported $729M to Belgium. The main products exported from Costa Rica to Belgium were Medical Instruments ($300M), Orthopedic Appliances ($166M), and Tropical Fruits ($73.2M). During the last 22 years the exports of Costa Rica to Belgium have increased at an annualized rate of 10.3%, from $85M in 1999 to $729M in 2021.

Exports from Belgium (Flag) to Costa Rica (Flag) (2021)

Exports from Costa Rica (Flag) to Belgium (Flag) (2021)

Market Competitiveness

Color
Belgium
Top Destination
Germany$62.7B
Costa Rica
Top Destination
United States$6.31B

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 2021, countries that imported more from Belgium than Costa Rica were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

In 2021, countries that imported more from Costa Rica than Belgium were Nicaragua ($576M), Guatemala ($727M), and Panama ($585M).

Difference in imports from Costa Rica (Flag) and Belgium (Flag) (2021)

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 2021, Belgium had a large net trade with Costa Rica in the exports of Transportation ($20.9M), Chemical Products ($15.5M), and Mineral Products ($12.9M).

During 2021, Costa Rica had a large net trade with Belgium in the exports of Instruments ($467M), Vegetable Products ($231M), and Foodstuffs ($21.9M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over Belgium.

Product Space of Belgium (Flag) and Costa Rica (Flag) (2021)

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