2022
Flag  
GDP
$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH
44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
 GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
GDP PC 
$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH
32.4%CURRENT US$
Rnk 60 / 186
2022
Flag
GDP PC
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186

About

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
Value

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 (Flag) to Brazil (Flag) (2022)

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

Latest Data

Trade between Costa Rica (Flag) and Brazil (Flag)

Costa Rica Exports

Brazil Exports

Market Competitiveness

Color
Costa Rica
Top Destination
United States$6.83B
Brazil
Top Destination
China$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 (Flag) and Costa Rica (Flag) (2022)

Comparative Advantage Costa Rica - Brazil

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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