Portugal (PRT) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Portugal-Costa Rica In 2022, Portugal exported $15.4M to Costa Rica. The main products that Portugal exported to Costa Rica are Uncoated Paper ($2.44M), Small Iron Containers ($1.23M), and Shaped Paper ($770k). During the last 27 years the exports of Portugal to Costa Rica have increased at an annualized rate of 7.23%, from $2.35M in 1995 to $15.4M in 2022.

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

Costa Rica-Portugal In 2022, Costa Rica exported $73.9M to Portugal. The main products that Costa Rica exported to Portugal were Bananas ($37.4M), Tropical Fruits ($34.7M), and Other Vegetables ($780k). During the last 27 years the exports of Costa Rica to Portugal have increased at an annualized rate of 6.49%, from $13.5M in 1995 to $73.9M in 2022.

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

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B).

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €698k and imported €5.27M from Costa Rica, resulting in a negative trade balance of €4.57M. Between January 2023 and January 2024 the exports of Portugal have decreased by €-300k (-30.1%) from €999k to €698k, while imports decreased by €-1.6M (-23.3%) from €6.87M to €5.27M.

Trade In January 2024, the top exports of Portugal to Costa Rica were Pharmaceutical products (€259k), Paper articles (€229k), Iron or steel articles (€120k), Edible fruits, nuts & fruit peels (€63.3k), and Electrical machinery and electronics (€61.4k). In January 2024 the top imports of Portugal from Costa Rica were Edible fruits, nuts & fruit peels (€6.7M), Edible vegetables, roots, & tubers (€155k), Optical, photo, & film equipment; medical... (€8.1k), Non-knitted clothing accesories (€4.57k), and Machinery, mechanical appliances, & parts (€579).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-154k or -75.6%), Misc. manufactures (€-41.7k or -99.7%), and Furniture, bedding, lamps, & prefab buildings (€-20.8k or -100%). In January 2024, the decrease in Portugal's year-by-year imports from Costa Rica was explained primarily by an decrease in product imports in Precious stones, metals, & pearls (€-395 or -100%), Electrical machinery and electronics (€-377 or -57.2%), and Perfumery & cosmetics (€-262 or -74.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-300k(-30.1%)

IMPORT GROWTH (January 2023 - January 2024)€-1.6M(-23.3%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Costa Rica and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $15.4M to Costa Rica. The main products exported from Portugal to Costa Rica were Uncoated Paper ($2.44M), Small Iron Containers ($1.23M), and Shaped Paper ($770k). During the last 27 years the exports of Portugal to Costa Rica have increased at an annualized rate of 7.23%, from $2.35M in 1995 to $15.4M in 2022.

In 2022, Costa Rica exported $73.9M to Portugal. The main products exported from Costa Rica to Portugal were Bananas ($37.4M), Tropical Fruits ($34.7M), and Other Vegetables ($780k). During the last 27 years the exports of Costa Rica to Portugal have increased at an annualized rate of 6.49%, from $13.5M in 1995 to $73.9M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Costa Rica
Top DestinationUnited States$6.83B

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

In 2021, countries that imported more from Portugal than Costa Rica were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Costa Rica than Portugal were United States ($6.83B), Guatemala ($821M), and Nicaragua ($593M).

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

Comparative Advantage Portugal - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Costa Rica in the exports of Paper Goods ($4.17M), Textiles ($2.23M), and Metals ($2.18M).

During 2022, Costa Rica had a large net trade with Portugal in the exports of Vegetable Products ($73.4M), Machines ($289k), and Foodstuffs ($100k).

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Portugal - Costa Rica

Economic Complexity

Competitive Landscape

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

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