2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186

About

Brazil-Costa Rica Trade: In 2022, Brazil exported $558M to Costa Rica. The main products that Brazil exported to Costa Rica were Corn ($90.7M), Planes, Helicopters, and/or Spacecraft ($68.7M), and Semi-Finished Iron ($61.4M). Over the past 5 years the exports of Brazil to Costa Rica have increased at an annualized rate of 13.3%, from $298M in 2017 to $558M in 2022.

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

Costa Rica-Brazil Trade: In 2022, Costa Rica exported $84.5M to Brazil. The main products that Costa Rica exported to Brazil were Glass Bottles ($32.3M), Orthopedic Appliances ($11.8M), and Therapeutic Appliances ($6.59M). Over the past 5 years the exports of Costa Rica to Brazil have increased at an annualized rate of 9.94%,  from $52.6M in 2017 to $84.5M in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $558M to Costa Rica. The main products exported from Brazil to Costa Rica were Corn ($90.7M), Planes, Helicopters, and/or Spacecraft ($68.7M), and Semi-Finished Iron ($61.4M). During the last 5 years the exports of Brazil to Costa Rica have increased at an annualized rate of 13.3%, from $298M in 2017 to $558M in 2022.

In 2017, Costa Rica exported $84.5M to Brazil. The main products exported from Costa Rica to Brazil were Glass Bottles ($32.3M), Orthopedic Appliances ($11.8M), and Therapeutic Appliances ($6.59M). During the last 5 years the exports of Costa Rica to Brazil have increased at an annualized rate of 9.94%, from $52.6M in 2022 to $84.5M in 2017.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Costa Rica
Top Destination
United States$6.83B

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

In 2022, countries that imported more from Brazil than Costa Rica included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Costa Rica than Brazil included Nicaragua ($593M), Honduras ($517M), and Guatemala ($821M).

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

Comparative Advantage Brazil - Costa Rica

Flow
Scale

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

During 2022, Brazil had a large net trade with Costa Rica in the exports of Vegetable Products ($145M), Transportation ($127M), and Metals ($77.1M).

During 2017, Costa Rica had a large net trade with Brazil in the exports of Stone And Glass ($32.5M), Instruments ($24.2M), and Plastics and Rubbers ($9.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Costa Rica+$10.4MCars
Top Product Potential Costa Rica Brazil+$13.1MMedical Instruments

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

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

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

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