Costa Rica (CRI) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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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.

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.

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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $84.5M in 2022.

In 2017, 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 2022 to $558M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Brazil ()

Costa Rica Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Brazil
Top DestinationChina$90.1B

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

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

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

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

Comparative Advantage Costa Rica - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, 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).

During 2017, Brazil had a large net trade with Costa Rica in the exports of Vegetable Products ($145M), Transportation ($127M), and Metals ($77.1M).

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 Brazil+$13.1MMedical Instruments

Top Product Potential Brazil Costa Rica+$10.4MCars

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 Brazil. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Costa Rica.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Brazil ()

Costa Rica Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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