Flag Brazil / Costa Rica Flag

Exports FlagFlag  (2018): $487M, Rnk 57 / 216

Top Product FlagFlag (2018): $112M, Planes, Helicopters, and/or Spacecraft

Exports FlagFlag (2018): $50.9M, Rnk 30 / 161

Top Product FlagFlag (2018): $25.9M, Orthopedic Appliances

Economic Complexity of Flag (2018): ECI 0.62, Rnk 39 / 137

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

GDP Flag (2018): $1.87T, CURRENT US$
Rnk 9 / 196

GDP GROWTH Flag (2008-2018): 10.2%, CURRENT US$
Rnk 143 / 196

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): $8,921, CURRENT US$
Rnk 82 / 196

GDP PC GROWTH Flag (2008-2018): 1.02%, CURRENT US$
Rnk 141 / 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

Brazil-Costa Rica: In 2018, Brazil exported $487M to Costa Rica. The main products exported from Brazil to Costa Rica were Planes, Helicopters, and/or Spacecraft ($112M), Gas Turbines ($49.5M), and Copper Wire ($25.9M). During the last 23 years the exports of Brazil to Costa Rica have increased at an annualized rate of 6.91%, from $105M in 1995 to $487M in 2018.

Costa Rica-Brazil: In 2018, Costa Rica exported $50.9M to Brazil. The main products exported from Costa Rica to Brazil were Orthopedic Appliances ($25.9M), Other Rubber Products ($5.86M), and Medical Instruments ($5.51M). During the last 23 years the exports of Costa Rica to Brazil have increased at an annualized rate of 8.08%, from $8.51M in 1995 to $50.9M in 2018.

Comparison: In 2018, Brazil ranked 39 in the Economic Complexity Index (ECI 0.62), and 25 in total exports ($242B). 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, Brazil was ranked 82 with a GDP Per Capita of $8,921, and Costa Rica was ranked 65 with a GDP Per Capita of $12,027.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Brazil exported $487M to Costa Rica. The main products exported from Brazil to Costa Rica were Planes, Helicopters, and/or Spacecraft ($112M), Gas Turbines ($49.5M), and Copper Wire ($25.9M). During the last 23 years the exports of Brazil to Costa Rica have increased at an annualized rate of 6.91%, from $105M in 1995 to $487M in 2018.

In 2018, Costa Rica exported $50.9M to Brazil. The main products exported from Costa Rica to Brazil were Orthopedic Appliances ($25.9M), Other Rubber Products ($5.86M), and Medical Instruments ($5.51M). During the last 23 years the exports of Costa Rica to Brazil have increased at an annualized rate of 8.08%, from $8.51M in 1995 to $50.9M in 2018.

Market Competitiveness

#permalink to section
Measure

Brazil
Top Destination
: China, $64.3B

Costa Rica
Top Destination
: United States, $4.7B

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

In 2018, countries that imported more from Brazil than Costa Rica were China ($64.3B), United States ($29.3B), and Argentina ($15B).

In 2018, countries that imported more from Costa Rica than Brazil were Nicaragua ($480M), Guatemala ($571M), and Honduras ($394M).

Comparative Advantage Brazil - Costa Rica

#permalink to section
Depth

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

During 2018, Brazil had a large net trade with Costa Rica in the exports of Transportation ($157M), Machines ($106M), and Metals ($60.4M).

During 2018, Costa Rica had a large net trade with Brazil in the exports of Instruments ($32.4M), Plastics and Rubbers ($7.2M), and Machines ($4.13M).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between Brazil and Costa Rica (using the HS6 product classification and the last year reported).

In 2018, the products from Brazil that paid the highest import tariffs to enter Costa Rica were Nuts, edible: coconuts, desiccated (55%) and Peaches, otherwise prepared or preserved (35%).

In 2018, the products from Costa Rica that paid the highest import tariffs to enter Brazil were Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, fresh or chilled (80.9%) and Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen (80.9%).

Explore Tariff Data

*The tariffs present between Brazil and Costa Rica are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Brazil 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

#permalink to section

Competitive Landscape

#permalink to section

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 Brazil has comparative advantage over Costa Rica. Similarly, the more red a dot/product is, the more Costa Rica has comparative advantage over Brazil.