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Pricing

2023
Flag → Flag
Exports $12.8kRnk 155 / 172
2023
Flag → Flag
Top Product $10.9kMill Machinery
2023
Flag → Flag
Exports $110kRnk 122 / 156
2023
Flag → Flag
Top Product $31.7kBasketwork
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $16,942CURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Costa Rica-Madagascar Trade: In 2023, Costa Rica exported $12.8k to Madagascar. The main products that Costa Rica exported to Madagascar were Mill Machinery ($10.9k), Pesticides ($1.58k), and Other Plastic Products ($261). Over the past 7 years the exports of Costa Rica to Madagascar have decreased at an annualized rate of 28.4%, from $133k in 2016 to $12.8k in 2023.

In 2023, Costa Rica did not export any services to Madagascar.

Madagascar-Costa Rica Trade: In 2023, Madagascar exported $110k to Costa Rica. The main products that Madagascar exported to Costa Rica were Basketwork ($31.7k), Non-Knit Men's Shirts ($27.5k), and Knit Sweaters ($15.7k). Over the past 7 years the exports of Madagascar to Costa Rica have decreased at an annualized rate of 1.89%,  from $136k in 2016 to $110k in 2023.

In 2023, Madagascar did not export any services to Costa Rica.

Comparison: In 2023,  Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Costa Rica exported $12.8k to Madagascar. The main products exported from Costa Rica to Madagascar were Mill Machinery ($10.9k), Pesticides ($1.58k), and Other Plastic Products ($261). During the last 7 years the exports of Costa Rica to Madagascar have decreased at an annualized rate of 28.4%, from $133k in 2016 to $12.8k in 2023.

In 2018, Madagascar exported $110k to Costa Rica. The main products exported from Madagascar to Costa Rica were Basketwork ($31.7k), Non-Knit Men's Shirts ($27.5k), and Knit Sweaters ($15.7k). During the last 5 years the exports of Madagascar to Costa Rica have decreased at an annualized rate of 1.89%, from $136k in 2023 to $110k in 2018.

Exports from Costa Rica (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to Costa Rica (Flag) (2023)

Latest Data

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

Madagascar Exports

Market Competitiveness

Color
Costa Rica
Top DestinationUnited States$9.5B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Costa Rica than Madagascar included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

In 2023, countries that imported more from Madagascar than Costa Rica included France ($641M), South Korea ($271M), and Indonesia ($165M).

Difference in imports from Madagascar (Flag) and Costa Rica (Flag) (2023)

Comparative Advantage Costa Rica - Madagascar

Flow
Scale

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

During 2023, Costa Rica had a large net trade with Madagascar in the exports of Machines ($10.9k), Chemical Products ($1.58k), and Plastics and Rubbers ($261).

During 2018, Madagascar had a large net trade with Costa Rica in the exports of Textiles ($75.1k), Wood Products ($31.7k), and Footwear and Headwear ($2.88k).

Potential Exports

Potential Exports

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

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

Product Space of Costa Rica (Flag) and Madagascar (Flag) (2023)

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