Flag Belgium / Costa Rica Flag

2020
FlagFlag
Exports
: $61.2M, Rnk 109 / 218

2020
FlagFlag
Top Product
: $9.89M, Cars

2020
FlagFlag
Exports
: $575M, Rnk 5 / 168

2020
FlagFlag
Top Product
: $231M, Medical Instruments

2020
Flag
Economic Complexity (ECI)
: ECI 1.33, Rnk 17 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 0.18, Rnk 50 / 127

2020
Flag  
GDP
: $522B, CURRENT US$
Rnk 23 / 195

2010-2020
Flag
GDP GROWTH
: 8.51%, CURRENT US$
Rnk 144 / 195

2020
Flag
 GDP
: $61.8B, CURRENT US$
Rnk 76 / 195

2010-2020
Flag
GDP GROWTH
: 64.2%, CURRENT US$
Rnk 37 / 195

2020
Flag
GDP PC 
: $45,159, CURRENT US$
Rnk 20 / 195

2010-2020
Flag
GDP PC GROWTH
: 2.3%, CURRENT US$
Rnk 128 / 195

2020
Flag
GDP PC
: $12,141, CURRENT US$
Rnk 65 / 195

2010-2020
Flag
GDP PC GROWTH
: 47.6%, CURRENT US$
Rnk 31 / 195

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).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

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

#permalink to section
Measure

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

#permalink to section
Flow

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

#permalink to section

Competitive Landscape

#permalink to section

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.