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Pricing

2022
Flag → Flag
Exports $15.4MRnk 105 / 208
2022
Flag → Flag
Top Product $2.44MUncoated Paper
2022
Flag → Flag
Exports $73.9MRnk 32 / 178
2022
Flag → Flag
Top Product $37.4MBananas
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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 $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

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.

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.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Portugal exported €1.16M and imported €5.53M from Costa Rica, resulting in a negative trade balance of €4.37M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-456k (-28.2%) from €1.62M to €1.16M, while imports increased by €654k (13.4%) from €4.88M to €5.53M.

Trade In August 2024, the top exports of Portugal to Costa Rica were Pharmaceutical products (€259k), Paper articles (€229k), Iron or steel articles (€120k), Edible fruits, nuts & fruit peels (€63.3k), and Electrical machinery and electronics (€61.4k). In August 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 August 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 August 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 (August 2023 - August 2024)€-456k(-28.2%)
IMPORT GROWTH (August 2023 - August 2024)€654k(13.4%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $15.4M in 2022.

In 2017, 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 2022 to $73.9M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Costa Rica
Top DestinationUnited States$6.83B

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

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

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

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 2022, Portugal had a large net trade with Costa Rica in the exports of Paper Goods ($4.17M), Textiles ($2.23M), and Metals ($2.18M).

During 2017, Costa Rica had a large net trade with Portugal in the exports of Vegetable Products ($73.4M), Machines ($289k), and Foodstuffs ($100k).

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) (2022)

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