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2022
Flag → Flag
Exports $52.9MRnk 108 / 222
2022
Flag → Flag
Top Product $19.3MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $704MRnk 4 / 178
2022
Flag → Flag
Top Product $294MMedical Instruments
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
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GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Belgium-Costa Rica Trade: In 2022, Belgium exported $52.9M to Costa Rica. The main products that Belgium exported to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($19.3M), Cars ($19.3M), and Other Frozen Vegetables ($14.4M). Over the past 5 years the exports of Belgium to Costa Rica have increased at an annualized rate of 7.55%, from $36.8M in 2017 to $52.9M in 2022.

In 2022, Belgium did not export any services to Costa Rica.

Costa Rica-Belgium Trade: In 2022, Costa Rica exported $704M to Belgium. The main products that Costa Rica exported to Belgium were Medical Instruments ($294M), Orthopedic Appliances ($202M), and Bananas ($74.4M). Over the past 5 years the exports of Costa Rica to Belgium have increased at an annualized rate of 52.6%,  from $85.1M in 2017 to $704M in 2022.

In 2022, Costa Rica did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

March, 2024

About

Overview In March 2024, Belgium exported €7.82M and imported €48.3M from Costa Rica, resulting in a negative trade balance of €40.4M. Between March 2023 and March 2024 the exports of Belgium have decreased by €-566k (-6.75%) from €8.39M to €7.82M, while imports decreased by €-5.19M (-9.71%) from €53.5M to €48.3M.

Trade In March 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 March 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 March 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 March 2024, the decrease in Belgium's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in Edible vegetables, roots, & tubers (€-15.4k or -96.5%), Preparations of vegetables, fruit, nuts or... (€-11.9k or -20.9%), and Electrical machinery and electronics (€-9.12k or -20.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)€-566k(-6.75%)
IMPORT GROWTH (March 2023 - March 2024)€-5.19M(-9.71%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $52.9M to Costa Rica. The main products exported from Belgium to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($19.3M), Cars ($19.3M), and Other Frozen Vegetables ($14.4M). During the last 5 years the exports of Belgium to Costa Rica have increased at an annualized rate of 7.55%, from $36.8M in 2017 to $52.9M in 2022.

In 2017, Costa Rica exported $704M to Belgium. The main products exported from Costa Rica to Belgium were Medical Instruments ($294M), Orthopedic Appliances ($202M), and Bananas ($74.4M). During the last 18 years the exports of Costa Rica to Belgium have increased at an annualized rate of 52.6%, from $85.1M in 1999 to $704M in 2017.

Exports from Belgium (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Costa Rica
Top DestinationUnited States$6.83B

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 2022, countries that imported more from Belgium than Costa Rica included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Costa Rica than Belgium included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

Difference in imports from Costa Rica (Flag) and Belgium (Flag) (2022)

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 2022, Belgium had a large net trade with Costa Rica in the exports of Chemical Products ($42.7M), Transportation ($20.5M), and Foodstuffs ($19.7M).

During 2017, Costa Rica had a large net trade with Belgium in the exports of Instruments ($497M), Vegetable Products ($249M), and Foodstuffs ($23.3M).

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) (2022)

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