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Pricing

2022
Flag → Flag
Exports $95.5kRnk 122 / 157
2022
Flag → Flag
Top Product $33.1kNon-Knit Men's Suits
2022
Flag → Flag
Exports $26.6kRnk 137 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 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 $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Madagascar-Costa Rica Trade: In 2022, Madagascar exported $95.5k to Costa Rica. The main products that Madagascar exported to Costa Rica were Non-Knit Men's Suits ($33.1k), Basketwork ($26.2k), and Non-Knit Men's Shirts ($20.4k). Over the past 5 years the exports of Madagascar to Costa Rica have decreased at an annualized rate of 9.62%, from $158k in 2017 to $95.5k in 2022.

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

Costa Rica-Madagascar Trade: In 2022, Costa Rica exported $26.6k to Madagascar. The main products that Costa Rica exported to Madagascar were N/A. Over the past 5 years the exports of Costa Rica to Madagascar have decreased at an annualized rate of 27.5%,  from $133k in 2017 to $26.6k in 2022.

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

Comparison: In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). That same year, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $95.5k to Costa Rica. The main products exported from Madagascar to Costa Rica were Non-Knit Men's Suits ($33.1k), Basketwork ($26.2k), and Non-Knit Men's Shirts ($20.4k). During the last 5 years the exports of Madagascar to Costa Rica have decreased at an annualized rate of 9.62%, from $158k in 2017 to $95.5k in 2022.

In 2016, Costa Rica exported $26.6k to Madagascar. There were not main exports from Costa Rica to Madagascar in 2016. During the last 5 years the exports of Costa Rica to Madagascar have decreased at an annualized rate of 27.5%, from $133k in 2021 to $26.6k in 2016.

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

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

Latest Data

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

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Madagascar than Costa Rica included France ($634M), Japan ($448M), and Indonesia ($147M).

In 2022, countries that imported more from Costa Rica than Madagascar included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

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

Comparative Advantage Madagascar - Costa Rica

Flow
Scale

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

During 2022, Madagascar had a large net trade with Costa Rica in the exports of Textiles ($63.6k), Wood Products ($26.2k), and Footwear and Headwear ($2.35k).

During 2016, Costa Rica had a large net trade with Madagascar in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Costa Rica+$86.4kNon-Knit Men's Suits
Top Product Potential Costa Rica Madagascar+$2.07kMedical Instruments

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

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

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