2022
Flag  
GDP
$68.4BCURRENT US$
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2012-2022
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GDP GROWTH
44.8%CURRENT US$
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2022
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 GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
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2022
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GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Costa Rica-Belgium In 2022, Costa Rica exported $775M to Belgium. The main products that Costa Rica exported to Belgium are Medical Instruments ($294M), Orthopedic Appliances ($202M), and Bananas ($74.4M). During the last 23 years the exports of Costa Rica to Belgium have increased at an annualized rate of 10.1%, from $85.1M in 1999 to $775M in 2022.

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

Belgium-Costa Rica In 2022, Belgium exported $120M 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). During the last 23 years the exports of Belgium to Costa Rica have increased at an annualized rate of 5.29%, from $36.8M in 1999 to $120M in 2022.

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

Comparison In 2022,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Costa Rica exported $775M 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 23 years the exports of Costa Rica to Belgium have increased at an annualized rate of 10.1%, from $85.1M in 1999 to $775M in 2022.

In 2022, Belgium exported $120M 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 23 years the exports of Belgium to Costa Rica have increased at an annualized rate of 5.29%, from $36.8M in 1999 to $120M in 2022.

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

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

Latest Data

Trade between Costa Rica (Flag) and Belgium (Flag)

Costa Rica Exports

Belgium Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Belgium
Top Destination
Germany$91.9B

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 Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

In 2021, countries that imported more from Belgium than Costa Rica were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Costa Rica - Belgium

Flow
Scale

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

During 2022, Costa Rica had a large net trade with Belgium in the exports of Instruments ($497M), Vegetable Products ($249M), and Foodstuffs ($23.3M).

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).

Economic Complexity

Competitive Landscape

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.

Product Space of Costa Rica (Flag) and Belgium (Flag) (2022)

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