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Pricing

2022
Flag → Flag
Exports $120MRnk 108 / 222
2022
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Top Product $19.3MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $775MRnk 4 / 178
2022
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Top Product $294MMedical Instruments
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI 0.31Rnk 48 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
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GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
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GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Belgium-Costa Rica In 2022, Belgium exported $120M to Costa Rica. The main products that Belgium exported to Costa Rica are Vaccines, blood, antisera, toxins and cultures ($19.3M), Cars ($19.3M), and Other Frozen Vegetables ($14.4M). During the last 23 years the exports of Belgium to Costa Rica have increased at an annualized rate of 5.29%, from $36.8M in 1999 to $120M in 2022.

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

Costa Rica-Belgium In 2022, Costa Rica exported $775M to Belgium. The main products that Costa Rica exported to Belgium were Medical Instruments ($294M), Orthopedic Appliances ($202M), and Bananas ($74.4M). During the last 23 years the exports of Costa Rica to Belgium have increased at an annualized rate of 10.1%, from $85.1M in 1999 to $775M in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B). That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.31), and 82 in total exports ($17.2B).

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €9.55M and imported €34M from Costa Rica, resulting in a negative trade balance of €24.5M. Between December 2022 and December 2023 the exports of Belgium have increased by €4.57M (91.7%) from €4.98M to €9.55M, while imports decreased by €-31M (-47.7%) from €65.1M to €34M.

Trade In December 2023, the top exports of Belgium to Costa Rica were Cars, tractors, trucks & parts thereof. (€2.19M), Optical, photo, & film equipment; medical... (€1.15M), Preparations of vegetables, fruit, nuts or... (€851k), Inorganic chemicals (€415k), and Beverages, spirits, & vinegar (€302k). In December 2023 the top imports of Belgium from Costa Rica were Optical, photo, & film equipment; medical... (€53.5M), Edible fruits, nuts & fruit peels (€7.21M), Live trees, plants, bulbs, cut flowers,... (€273k), Machinery, mechanical appliances, & parts (€193k), and Coffee, tea, mate & spices (€167k).

Growth In December 2023, the increase in Belgium's year-by-year exports to Costa Rica was explained primarily by an increase in product exports in Optical, photo, & film equipment; medical... (€1.02M or 787%), Preparations of vegetables, fruit, nuts or... (€168k or 24.6%), and Inorganic chemicals (€166k or 66.5%). In December 2023, the decrease in Belgium's year-by-year imports  from Costa Rica was explained primarily by an decrease in product imports  in Edible vegetables, roots, & tubers (€-15.4k or -96.5%), Preparations of vegetables, fruit, nuts or... (€-11.9k or -20.9%), and Electrical machinery and electronics (€-9.12k or -20.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€4.57M(91.7%)
IMPORT GROWTH (December 2022 - December 2023)€-31M(-47.7%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $120M to Costa Rica. The main products exported from Belgium to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($19.3M), Cars ($19.3M), and Other Frozen Vegetables ($14.4M). During the last 23 years the exports of Belgium to Costa Rica have increased at an annualized rate of 5.29%, from $36.8M in 1999 to $120M in 2022.

In 2022, Costa Rica exported $775M to Belgium. The main products exported from Costa Rica to Belgium were Medical Instruments ($294M), Orthopedic Appliances ($202M), and Bananas ($74.4M). During the last 23 years the exports of Costa Rica to Belgium have increased at an annualized rate of 10.1%, from $85.1M in 1999 to $775M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2021, countries that imported more from Belgium than Costa Rica were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Costa Rica than Belgium were Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

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

Comparative Advantage Belgium - Costa Rica

Flow
Scale

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

During 2022, Belgium had a large net trade with Costa Rica in the exports of Chemical Products ($42.7M), Transportation ($20.5M), and Foodstuffs ($19.7M).

During 2022, Costa Rica had a large net trade with Belgium in the exports of Instruments ($497M), Vegetable Products ($249M), and Foodstuffs ($23.3M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Costa Rica. Similarly, the more yellow a dot/product is, the more Costa Rica has comparative advantage over Belgium.

Product Space of Belgium (Flag) and Costa Rica (Flag) (2022)

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