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2023
Flag → Flag
Exports $19MRnk 102 / 211
2023
Flag → Flag
Top Product $1.96MPackaged Medicaments
2023
Flag → Flag
Exports $72.1MRnk 37 / 172
2023
Flag → Flag
Top Product $38.6MTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Portugal-Costa Rica Trade: In 2023, Portugal exported $19M to Costa Rica. The main products that Portugal exported to Costa Rica were Packaged Medicaments ($1.96M), Uncoated Paper ($1.57M), and Apples and Pears ($1.1M). Over the past 5 years the exports of Portugal to Costa Rica have decreased at an annualized rate of 0.046%, from $19.1M in 2018 to $19M in 2023.

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

Costa Rica-Portugal Trade: In 2023, Costa Rica exported $72.1M to Portugal. The main products that Costa Rica exported to Portugal were Tropical Fruits ($38.6M), Bananas ($31.8M), and Other Vegetables ($914k). Over the past 5 years the exports of Costa Rica to Portugal have decreased at an annualized rate of 1.32%,  from $80.2M in 2018 to $72.1M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €1.35M and imported €6.42M from Costa Rica, resulting in a negative trade balance of €5.07M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-109k (-7.46%) from €1.46M to €1.35M, while imports increased by €2.36M (58.3%) from €4.05M to €6.42M.

Trade In November 2024, the top exports of Portugal to Costa Rica were Pharmaceutical products (€259k), Paper articles (€229k), Iron/Steel Articles (€120k), Edible fruits, nuts & fruit peels (€63.3k), and Electrical machinery and electronics (€61.4k). In November 2024 the top imports of Portugal from Costa Rica were Edible fruits, nuts & fruit peels (€6.7M), Edible vegetables, roots, & tubers (€155k), Optical, photo, & film equipment; medical... (€8.1k), Non-knitted clothing accesories (€4.57k), and Machinery, mechanical appliances, & parts (€579).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Costa Rica was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-154k or -75.6%), Misc. manufactures (€-41.7k or -99.7%), and Furniture, bedding, lamps, & prefab buildings (€-20.8k or -100%). In November 2024, the increase in Portugal's year-by-year imports  from Costa Rica was explained primarily by an increase in product imports  in Edible fruits, nuts & fruit peels (€1.55M or 30%), Edible vegetables, roots, & tubers (€22.3k or 16.9%), and Non-knitted clothing accesories (€4.48k or 5.27k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-109k(-7.46%)
IMPORT GROWTH (November 2023 - November 2024)€2.36M(58.3%)

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

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

For full datasets download visit Bulk Download page.

Explore Costa Rica and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $19M to Costa Rica. The main products exported from Portugal to Costa Rica were Packaged Medicaments ($1.96M), Uncoated Paper ($1.57M), and Apples and Pears ($1.1M). During the last 5 years the exports of Portugal to Costa Rica have decreased at an annualized rate of 0.046%, from $19.1M in 2018 to $19M in 2023.

In 2018, Costa Rica exported $72.1M to Portugal. The main products exported from Costa Rica to Portugal were Tropical Fruits ($38.6M), Bananas ($31.8M), and Other Vegetables ($914k). During the last 5 years the exports of Costa Rica to Portugal have decreased at an annualized rate of 1.32%, from $80.2M in 2023 to $72.1M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Portugal than Costa Rica included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Costa Rica than Portugal included United States ($9.5B), Guatemala ($846M), and Nicaragua ($661M).

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

Comparative Advantage Portugal - Costa Rica

Flow
Scale

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

During 2023, Portugal had a large net trade with Costa Rica in the exports of Paper Goods ($3.57M), Textiles ($2.94M), and Chemical Products ($2.44M).

During 2018, Costa Rica had a large net trade with Portugal in the exports of Vegetable Products ($71.6M), Foodstuffs ($324k), and Instruments ($29.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Costa Rica+$1.46MPackaged Medicaments
Top Product Potential Costa Rica Portugal+$351kOther Vegetables

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 Portugal and Costa Rica. This means that a dot/product with the flag of Portugal 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 Portugal.

Product Space of Portugal (Flag) and Costa Rica (Flag) (2023)

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