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2022
Flag → Flag
Exports $252kRnk 143 / 182
2022
Flag → Flag
Top Product $98.3kAluminium Foil
2022
Flag → Flag
Exports $53kRnk 127 / 157
2022
Flag → Flag
Top Product $43.1kVegetable Plaiting Materials
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Croatia-Madagascar Trade: In 2022, Croatia exported $252k to Madagascar. The main products that Croatia exported to Madagascar were Aluminium Foil ($98.3k), Lifting Machinery ($72.1k), and Olive Oil ($29.7k). Over the past 5 years the exports of Croatia to Madagascar have increased at an annualized rate of 8.1%, from $171k in 2017 to $252k in 2022.

In 2022, Croatia did not export any services to Madagascar.

Madagascar-Croatia Trade: In 2022, Madagascar exported $53k to Croatia. The main products that Madagascar exported to Croatia were Vegetable Plaiting Materials ($43.1k), Trunks and Cases ($2.84k), and Other Pure Vegetable Oils ($2.37k). Over the past 5 years the exports of Madagascar to Croatia have increased at an annualized rate of 18.7%,  from $15.9k in 2017 to $53k in 2022.

In 2022, Madagascar did not export any services to Croatia.

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $252k to Madagascar. The main products exported from Croatia to Madagascar were Aluminium Foil ($98.3k), Lifting Machinery ($72.1k), and Olive Oil ($29.7k). During the last 5 years the exports of Croatia to Madagascar have increased at an annualized rate of 8.1%, from $171k in 2017 to $252k in 2022.

In 2017, Madagascar exported $53k to Croatia. The main products exported from Madagascar to Croatia were Vegetable Plaiting Materials ($43.1k), Trunks and Cases ($2.84k), and Other Pure Vegetable Oils ($2.37k). During the last 5 years the exports of Madagascar to Croatia have increased at an annualized rate of 18.7%, from $15.9k in 2022 to $53k in 2017.

Exports from Croatia (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to Croatia (Flag) (2022)

Latest Data

Trade between Croatia (Flag) and Madagascar (Flag)

Croatia Exports

Madagascar Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Croatia than Madagascar included Italy ($3.44B), Slovenia ($2.87B), and Germany ($2.82B).

In 2022, countries that imported more from Madagascar than Croatia included China ($538M), Japan ($448M), and Indonesia ($147M).

Difference in imports from Madagascar (Flag) and Croatia (Flag) (2022)

Comparative Advantage Croatia - Madagascar

Flow
Scale

This chart compares trade between Croatia and Madagascar by product, considering products traded by both, Croatia and Madagascar.

During 2022, Croatia had a large net trade with Madagascar in the exports of Metals ($98.3k), Machines ($75.3k), and Animal and Vegetable Bi-Products ($29.7k).

During 2017, Madagascar had a large net trade with Croatia in the exports of Vegetable Products ($45.2k), Animal Hides ($2.84k), and Animal and Vegetable Bi-Products ($2.37k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Madagascar+$38.3kAluminium Foil
Top Product Potential Madagascar Croatia+$14.6kTrunks and Cases

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 Croatia and Madagascar. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Croatia.

Product Space of Croatia (Flag) and Madagascar (Flag) (2022)

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