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2023
Flag → Flag
Exports $642MRnk 57 / 221
2023
Flag → Flag
Top Product $132MCorn
2023
Flag → Flag
Exports $118MRnk 27 / 172
2023
Flag → Flag
Top Product $31.6MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Brazil-Costa Rica Trade: In 2023, Brazil exported $642M to Costa Rica. The main products that Brazil exported to Costa Rica were Corn ($132M), Rice ($107M), and Cars ($40.3M). Over the past 5 years the exports of Brazil to Costa Rica have increased at an annualized rate of 4.46%, from $516M in 2018 to $642M in 2023.

In 2023, Brazil did not export any services to Costa Rica.

Costa Rica-Brazil Trade: In 2023, Costa Rica exported $118M to Brazil. The main products that Costa Rica exported to Brazil were Integrated Circuits ($31.6M), Medical Instruments ($17M), and Orthopedic Appliances ($16.8M). Over the past 5 years the exports of Costa Rica to Brazil have increased at an annualized rate of 13.1%,  from $64M in 2018 to $118M in 2023.

In 2023, Costa Rica did not export any services to Brazil.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $38.9M and imported $14.9M from Costa Rica, resulting in a positive trade balance of $23.9M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-26.2M (-40.3%) from $65.1M to $38.9M, while imports increased by $3.26M (27.9%) from $11.7M to $14.9M.

Trade In December 2024, the top exports of Brazil to Costa Rica were Corn ($17.2M), Soybeans ($8.65M), Cars ($2.68M), Delivery Trucks ($903k), and Large Construction Vehicles ($696k). In December 2024 the top imports of Brazil from Costa Rica were Integrated Circuits ($4.1M), Medical Instruments ($2.25M), Special Pharmaceuticals ($509k), Orthopedic Appliances ($502k), and Other Oily Seeds ($378k).

Origins In December 2024 the exports of Brazil were mainly from Rio Grande do Sul ($15.3M), São Paulo ($8.46M), Mato Grosso ($5.18M), Rio de Janeiro ($2.88M), and Paraná ($2.75M), while imports destinations were mainly São Paulo ($11.9M), Santa Catarina ($1.61M), Pernambuco ($385k), Rio de Janeiro ($334k), and Minas Gerais ($210k).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Large Construction Vehicles ($-1.64M or -70.2%), Rubber Footwear ($-806k or -59.3%), and Buses ($-645k or -81.1%). In December 2024, the increase in Brazil's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Integrated Circuits ($1.17M or 40%), Therapeutic Appliances ($232k or 163%), and Scrap Aluminium ($181k or 1.08k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-26.2M(-40.3%)
IMPORT GROWTH (December 2023 - December 2024)$3.26M(27.9%)
MAIN EXPORTER (December 2024)Rio Grande do Sul$15.3M

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

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

For full datasets download visit Bulk Download page.

Explore Costa Rica and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $642M to Costa Rica. The main products exported from Brazil to Costa Rica were Corn ($132M), Rice ($107M), and Cars ($40.3M). During the last 5 years the exports of Brazil to Costa Rica have increased at an annualized rate of 4.46%, from $516M in 2018 to $642M in 2023.

In 2018, Costa Rica exported $118M to Brazil. The main products exported from Costa Rica to Brazil were Integrated Circuits ($31.6M), Medical Instruments ($17M), and Orthopedic Appliances ($16.8M). During the last 5 years the exports of Costa Rica to Brazil have increased at an annualized rate of 13.1%, from $64M in 2023 to $118M in 2018.

Exports from Brazil (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Costa Rica
Top DestinationUnited States$9.5B

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 2023, countries that imported more from Brazil than Costa Rica included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Costa Rica than Brazil included Nicaragua ($661M), Honduras ($575M), and Guatemala ($846M).

Difference in imports from Costa Rica (Flag) and Brazil (Flag) (2023)

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 2023, Brazil had a large net trade with Costa Rica in the exports of Vegetable Products ($263M), Transportation ($93.2M), and Machines ($71.2M).

During 2018, Costa Rica had a large net trade with Brazil in the exports of Instruments ($38.5M), Machines ($34.9M), and Plastics and Rubbers ($17.9M).

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) (2023)

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