Belgium (BEL) and Costa Rica (CRI) Trade | OEC - The Observatory of Economic Complexity

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Belgium-Costa Rica In 2020, Belgium exported $61.2M to Costa Rica. The main products that Belgium exported to Costa Rica are Cars ($9.89M), Packaged Medicaments ($5.94M), and Other Frozen Vegetables ($5.11M). During the last 21 years the exports of Belgium to Costa Rica have increased at an annualized rate of 2.28%, from $38.1M in 1999 to $61.2M in 2020.

In 2020, Belgium did not export any services to Costa Rica.

Costa Rica-Belgium In 2020, Costa Rica exported $575M to Belgium. The main products that Costa Rica exported to Belgium were Medical Instruments ($231M), Orthopedic Appliances ($116M), and Bananas ($73.9M). During the last 21 years the exports of Costa Rica to Belgium have increased at an annualized rate of 9.43%, from $86.6M in 1999 to $575M in 2020.

In 2020, Costa Rica did not export any services to Belgium.

Comparison In 2020, Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B). That same year, Costa Rica ranked 50 in the Economic Complexity Index (ECI 0.18), and 76 in total exports ($14B).

Latest Trends

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November, 2022

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Overview In November 2022, Belgium exported €5.05M and imported €36.1M from Costa Rica, resulting in a negative trade balance of €31M. Between November 2021 and November 2022 the exports of Belgium have decreased by €-499k (-9%) from €5.55M to €5.05M, while imports decreased by €-10.3M (-22.2%) from €46.4M to €36.1M.

Trade In November 2022, the top exports of Belgium to Costa Rica were Cars, tractors, trucks & parts thereof. (€1.69M), Pharmaceutical products (€834k), Iron & steel (€327k), Preparations of vegetables, fruit, nuts or... (€268k), and Optical, photo, & film equipment; medical... (€255k). In November 2022 the top imports of Belgium from Costa Rica were Optical, photo, & film equipment; medical... (€20.5M), Edible fruits, nuts & fruit peels (€1.78M), Electrical machinery and electronics (€278k), Copper articles (€238k), and Live trees, plants, bulbs, cut flowers,... (€96.6k).

Growth In November 2022, the decrease in Belgium's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-184k or -86.2%), Optical, photo, & film equipment; medical... (€-154k or -37.6%), and Products of the milling industry (€-109k or -74.5%). In November 2022, the decrease in Belgium's year-by-year imports from Costa Rica was explained primarily by an decrease in product imports in Optical, photo, & film equipment; medical... (€-4.48M or -17.9%), Edible fruits, nuts & fruit peels (€-2.48M or -58.2%), and Electrical machinery and electronics (€-284k or -50.5%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (November 2021 - November 2022): €-499k, (-9%)

IMPORT GROWTH (November 2021 - November 2022): €-10.3M, (-22.2%)

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Belgium exported $61.2M to Costa Rica. The main products exported from Belgium to Costa Rica were Cars ($9.89M), Packaged Medicaments ($5.94M), and Other Frozen Vegetables ($5.11M). During the last 21 years the exports of Belgium to Costa Rica have increased at an annualized rate of 2.28%, from $38.1M in 1999 to $61.2M in 2020.

In 2020, Costa Rica exported $575M to Belgium. The main products exported from Costa Rica to Belgium were Medical Instruments ($231M), Orthopedic Appliances ($116M), and Bananas ($73.9M). During the last 21 years the exports of Costa Rica to Belgium have increased at an annualized rate of 9.43%, from $86.6M in 1999 to $575M in 2020.

Market Competitiveness

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Measure

SectionYear

Belgium
Top Destination: Germany, $45.7B

Costa Rica
Top Destination: United States, $5.19B

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 2019, countries that imported more from Belgium than Costa Rica were Germany ($45.7B), France ($44.4B), and Netherlands ($37.1B).

In 2019, countries that imported more from Costa Rica than Belgium were Guatemala ($633M), Nicaragua ($463M), and Honduras ($372M).

Comparative Advantage Belgium - Costa Rica

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Flow

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Year

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

During 2020, Belgium had a large net trade with Costa Rica in the exports of Chemical Products ($21.6M), Transportation ($10.8M), and Foodstuffs ($9.06M).

During 2020, Costa Rica had a large net trade with Belgium in the exports of Instruments ($347M), Vegetable Products ($200M), and Foodstuffs ($17.4M).

Economic Complexity

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Competitive Landscape

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Year

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.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Belgium - Costa Rica

Economic Complexity

Competitive Landscape

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