Flag Costa Rica / Belgium Flag

2021
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Exports
: $729M, Rnk 3 / 169

2021
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Top Product
: $300M, Medical Instruments

2021
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Exports
: $90.2M, Rnk 106 / 221

2021
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Top Product
: $19.9M, Cars

2021
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Economic Complexity (ECI)
: ECI 0.24, Rnk 52 / 131

2021
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Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

2021
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GDP
: $64.3B, CURRENT US$
Rnk 77 / 182

2011-2021
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GDP GROWTH
: 50.3%, CURRENT US$
Rnk 50 / 182

2021
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 GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
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GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 182

2021
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GDP PC 
: $12,509, CURRENT US$
Rnk 59 / 182

2011-2021
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GDP PC GROWTH
: 35.5%, CURRENT US$
Rnk 49 / 182

2021
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GDP PC
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
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GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 182

Costa Rica-Belgium In 2021, Costa Rica exported $729M to Belgium. The main products that Costa Rica exported to Belgium are Medical Instruments ($300M), Orthopedic Appliances ($166M), and Tropical Fruits ($73.2M). During the last 22 years the exports of Costa Rica to Belgium have increased at an annualized rate of 10.3%, from $85M in 1999 to $729M in 2021.

In 2021, Costa Rica did not export any services to Belgium.

Belgium-Costa Rica In 2021, Belgium exported $90.2M to Costa Rica. The main products that Belgium exported to Costa Rica were Cars ($19.9M), Refined Petroleum ($12.6M), and Other Frozen Vegetables ($6.82M). During the last 22 years the exports of Belgium to Costa Rica have increased at an annualized rate of 3.99%, from $38.1M in 1999 to $90.2M in 2021.

In 2021, Belgium did not export any services to Costa Rica.

Comparison In 2021,  Costa Rica ranked 52 in the Economic Complexity Index (ECI 0.24), and 79 in total exports ($16.2B). That same year, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Costa Rica exported $729M to Belgium. The main products exported from Costa Rica to Belgium were Medical Instruments ($300M), Orthopedic Appliances ($166M), and Tropical Fruits ($73.2M). During the last 22 years the exports of Costa Rica to Belgium have increased at an annualized rate of 10.3%, from $85M in 1999 to $729M in 2021.

In 2021, Belgium exported $90.2M to Costa Rica. The main products exported from Belgium to Costa Rica were Cars ($19.9M), Refined Petroleum ($12.6M), and Other Frozen Vegetables ($6.82M). During the last 22 years the exports of Belgium to Costa Rica have increased at an annualized rate of 3.99%, from $38.1M in 1999 to $90.2M in 2021.

Costa Rica Exports

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Belgium Exports

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Market Competitiveness

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Color

Costa Rica
Top Destination
: United States, $6.31B

Belgium
Top Destination
: Germany, $62.7B

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

In 2021, countries that imported more from Costa Rica than Belgium were Nicaragua ($576M), Guatemala ($727M), and Panama ($585M).

In 2021, countries that imported more from Belgium than Costa Rica were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

Comparative Advantage Costa Rica - Belgium

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Flow
Scale

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

During 2021, Costa Rica had a large net trade with Belgium in the exports of Instruments ($467M), Vegetable Products ($231M), and Foodstuffs ($21.9M).

During 2021, Belgium had a large net trade with Costa Rica in the exports of Transportation ($20.9M), Chemical Products ($15.5M), and Mineral Products ($12.9M).

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 yellow.  This mean that the more blue a dot/product is, the more Costa Rica has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Costa Rica.