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2022
Flag → Flag
Exports $558MRnk 60 / 223
2022
Flag → Flag
Top Product $90.7MCorn
2022
Flag → Flag
Exports $84.5MRnk 25 / 178
2022
Flag → Flag
Top Product $32.3MGlass Bottles
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%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 GROWTH32.4%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).

Latest Trends

October, 2024

About

Overview In October 2024, Brazil exported $46.4M and imported $13.1M from Costa Rica, resulting in a positive trade balance of $33.3M. Between October 2023 and October 2024 the exports of Brazil have decreased by $-12.7M (-21.5%) from $59.2M to $46.4M, while imports increased by $2.12M (19.2%) from $11M to $13.1M.

Trade In October 2024, the top exports of Brazil to Costa Rica were Corn ($8.57M), Cars ($2.6M), Large Construction Vehicles ($2.34M), Rubber Footwear ($1.36M), and Delivery Trucks ($1.19M). In October 2024 the top imports of Brazil from Costa Rica were Integrated Circuits ($2.93M), Glass Bottles ($2.34M), Orthopedic Appliances ($2.11M), Medical Instruments ($2.09M), and Special Pharmaceuticals ($769k).

Origins In October 2024 the exports of Brazil were mainly from Rio Grande do Sul ($23.2M), São Paulo ($12.1M), Mato Grosso ($2.97M), Rio de Janeiro ($1.59M), and Santa Catarina ($1.56M), while imports destinations were mainly São Paulo ($10.2M), Minas Gerais ($1.64M), Santa Catarina ($635k), Pará ($195k), and Pernambuco ($143k).

Growth In October 2024, the decrease in Brazil's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Paper Containers ($-831k or -91%), Cars ($-647k or -19.9%), and Electrical Control Boards ($-449k or -99.9%). In October 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 ($2.57M or 706%), Medical Instruments ($1.12M or 115%), and Special Pharmaceuticals ($616k or 401%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-12.7M(-21.5%)
IMPORT GROWTH (October 2023 - October 2024)$2.12M(19.2%)
MAIN EXPORTER (October 2024)Rio Grande do Sul$23.2M

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 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 DestinationChina$90.1B
Costa Rica
Top DestinationUnited 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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