Flag Belgium-Luxembourg / Costa Rica Flag

Exports FlagFlag  (2018): $78.1M, Rnk 112 / 213

Top Product FlagFlag (2018): $10.9M, Semi-Finished Iron

Exports FlagFlag (2018): $698M, Rnk 3 / 161

Top Product FlagFlag (2018): $222M, Medical Instruments

Economic Complexity of Flag (2018): ECI 0.27, Rnk 53 / 137

GDP Flag (2018): $60.1B, CURRENT US$
Rnk 77 / 196

GDP GROWTH Flag (2008-2018): 96.4%, CURRENT US$
Rnk 32 / 196

GDP PC Flag (2018): $12,027, CURRENT US$
Rnk 65 / 196

GDP PC GROWTH Flag (2008-2018): 75.3%, CURRENT US$
Rnk 28 / 196

Belgium-Luxembourg-Costa Rica: In 2018, Belgium-Luxembourg exported $78.1M to Costa Rica. The main products exported from Belgium-Luxembourg to Costa Rica were Semi-Finished Iron ($10.9M), Other Frozen Vegetables ($4.37M), and Packaged Medicaments ($4M). During the last 23 years the exports of Belgium-Luxembourg to Costa Rica have increased at an annualized rate of 4.36%, from $29.2M in 1995 to $78.1M in 2018.

Costa Rica-Belgium-Luxembourg: In 2018, Costa Rica exported $698M to Belgium-Luxembourg. The main products exported from Costa Rica to Belgium-Luxembourg were Medical Instruments ($222M), Bananas ($144M), and Orthopedic Appliances ($133M). During the last 23 years the exports of Costa Rica to Belgium-Luxembourg have increased at an annualized rate of 12%, from $51.1M in 1995 to $698M in 2018.

Comparison: In 2018, Belgium-Luxembourg ranked 10 in total exports ($442B), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 53 in the Economic Complexity Index (ECI 0.27), and 80 in total exports ($12.9B). In terms of GDP Per Capita, Costa Rica was ranked 65 with a GDP Per Capita of $12,027, while Belgium-Luxembourg has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, Belgium-Luxembourg exported $78.1M to Costa Rica. The main products exported from Belgium-Luxembourg to Costa Rica were Semi-Finished Iron ($10.9M), Other Frozen Vegetables ($4.37M), and Packaged Medicaments ($4M). During the last 23 years the exports of Belgium-Luxembourg to Costa Rica have increased at an annualized rate of 4.36%, from $29.2M in 1995 to $78.1M in 2018.

In 2018, Costa Rica exported $698M to Belgium-Luxembourg. The main products exported from Costa Rica to Belgium-Luxembourg were Medical Instruments ($222M), Bananas ($144M), and Orthopedic Appliances ($133M). During the last 23 years the exports of Costa Rica to Belgium-Luxembourg have increased at an annualized rate of 12%, from $51.1M in 1995 to $698M in 2018.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

Costa Rica
Top Destination
: United States, $4.7B

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

In 2018, countries that imported more from Belgium-Luxembourg than Costa Rica were Germany ($77.4B), France ($62.3B), and Netherlands ($57.5B).

In 2018, countries that imported more from Costa Rica than Belgium-Luxembourg were Guatemala ($571M), Nicaragua ($480M), and Panama ($581M).

Comparative Advantage Belgium-Luxembourg - Costa Rica

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Depth

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

During 2018, Belgium-Luxembourg had a large net trade with Costa Rica in the exports of Chemical Products ($19.5M), Metals ($17.2M), and Machines ($9.47M).

During 2018, Costa Rica had a large net trade with Belgium-Luxembourg in the exports of Instruments ($356M), Vegetable Products ($295M), and Foodstuffs ($24.6M).

Trade Forecasts

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This section shows a forecast for total trade between Belgium-Luxembourg and Costa Rica. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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