Costa Rica (CRI) and Belgium (BEL) Trade | OEC - The Observatory of Economic Complexity

About

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

Bilateral Trade by Products

Depth

Value

Year

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.

Latest Data

Costa Rica Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

SectionYear

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

Flow

Scale

Year

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

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Latest Data

Costa Rica Exports

Belgium Exports

Market Competitiveness

Comparative Advantage Costa Rica - Belgium

Economic Complexity

Competitive Landscape

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