Costa Rica (CRI) and Belarus (BLR) Trade | The Observatory of Economic Complexity

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Costa Rica-Belarus Trade: In 2021, Costa Rica exported $7.85M to Belarus. The main products that Costa Rica exported to Belarus were N/A. Over the past 5 years the exports of Costa Rica to Belarus have decreased at an annualized rate of 8.8%, from $12.4M in 2016 to $7.85M in 2021.

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

Belarus-Costa Rica Trade: In 2021, Belarus exported $3.31M to Costa Rica. The main products that Belarus exported to Costa Rica were Potassic Fertilizers ($2.66M), Nitrogenous Fertilizers ($577k), and Brochures ($30.2k). Over the past 5 years the exports of Belarus to Costa Rica have decreased at an annualized rate of 6.14%, from $5.15M in 2016 to $3.31M in 2021.

In 2014, Belarus exported services to Costa Rica worth $12.1k, with Royalties and license fees ($12.1k) being the largest in terms of value.

Comparison: In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Costa Rica exported $7.85M to Belarus. There were not main exports from Costa Rica to Belarus in 2021. During the last 5 years the exports of Costa Rica to Belarus have decreased at an annualized rate of 8.8%, from $12.4M in 2016 to $7.85M in 2021.

In 2017, Belarus exported $3.31M to Costa Rica. The main products exported from Belarus to Costa Rica were Potassic Fertilizers ($2.66M), Nitrogenous Fertilizers ($577k), and Brochures ($30.2k). During the last 5 years the exports of Belarus to Costa Rica have decreased at an annualized rate of 6.14%, from $5.15M in 2022 to $3.31M in 2017.

Exports from Costa Rica () to Belarus () (2022)

Exports from Belarus () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Belarus ()

Costa Rica Exports

Date

Mar 2020

Feb 2020

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Belarus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Belarus
Top DestinationChina$1.6B

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

In 2022, countries that imported more from Costa Rica than Belarus included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2022, countries that imported more from Belarus than Costa Rica included Ukraine ($1.29B), China ($1.6B), and Poland ($933M).

Difference in imports from Belarus () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Belarus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Costa Rica had a large net trade with Belarus in the exports of .

During 2017, Belarus had a large net trade with Costa Rica in the exports of Chemical Products ($3.24M), Paper Goods ($30.2k), and Machines ($29k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Belarus+$3.38kMedical Instruments

Top Product Potential Belarus Costa Rica+$967kPotassic Fertilizers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Belarus. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Belarus () (2022)

Exports from Belarus () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Belarus ()

Costa Rica Exports

Belarus Exports

Market Competitiveness

Difference in imports from Belarus () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Belarus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Belarus () (2022)

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