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

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Costa Rica-Portugal Trade: 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). Over the past 5 years the exports of Costa Rica to Portugal have increased at an annualized rate of 6.73%, from $53.4M in 2017 to $73.9M in 2022.

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

Portugal-Costa Rica Trade: In 2022, Portugal exported $15.4M to Costa Rica. The main products that Portugal exported to Costa Rica were Uncoated Paper ($2.44M), Small Iron Containers ($1.23M), and Shaped Paper ($770k). Over the past 5 years the exports of Portugal to Costa Rica have increased at an annualized rate of 5.58%, from $11.8M in 2017 to $15.4M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 5 years the exports of Costa Rica to Portugal have increased at an annualized rate of 6.73%, from $53.4M in 2017 to $73.9M in 2022.

In 2017, 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 5 years the exports of Portugal to Costa Rica have increased at an annualized rate of 5.58%, from $11.8M in 2022 to $15.4M in 2017.

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

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

Latest Data

Trade between Costa Rica () and Portugal ()

Costa Rica Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Costa Rica than Portugal included United States ($6.83B), Guatemala ($821M), and Nicaragua ($593M).

In 2022, countries that imported more from Portugal than Costa Rica included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Costa Rica - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, Portugal had a large net trade with Costa Rica in the exports of Paper Goods ($4.17M), Textiles ($2.23M), and Metals ($2.18M).

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 Portugal+$351kOther Vegetables

Top Product Potential Portugal Costa Rica+$1.46MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Costa Rica () and Portugal ()

Costa Rica Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Costa Rica - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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