Austria (AUT) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Austria-Madagascar Trade: In 2022, Austria exported $3.15M to Madagascar. The main products that Austria exported to Madagascar were Kaolin Coated Paper ($1.23M), Motorcycles and cycles ($482k), and Synthetic Filament Yarn Woven Fabric ($471k). Over the past 5 years the exports of Austria to Madagascar have increased at an annualized rate of 2.9%, from $2.73M in 2017 to $3.15M in 2022.

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

Madagascar-Austria Trade: In 2022, Madagascar exported $1.58M to Austria. The main products that Madagascar exported to Austria were Graphite ($547k), Knit Sweaters ($375k), and Coconut and Other Vegetable Fibers ($189k). Over the past 5 years the exports of Madagascar to Austria have decreased at an annualized rate of 35.2%, from $13.8M in 2017 to $1.58M in 2022.

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

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $3.15M to Madagascar. The main products exported from Austria to Madagascar were Kaolin Coated Paper ($1.23M), Motorcycles and cycles ($482k), and Synthetic Filament Yarn Woven Fabric ($471k). During the last 5 years the exports of Austria to Madagascar have increased at an annualized rate of 2.9%, from $2.73M in 2017 to $3.15M in 2022.

In 2017, Madagascar exported $1.58M to Austria. The main products exported from Madagascar to Austria were Graphite ($547k), Knit Sweaters ($375k), and Coconut and Other Vegetable Fibers ($189k). During the last 5 years the exports of Madagascar to Austria have decreased at an annualized rate of 35.2%, from $13.8M in 2022 to $1.58M in 2017.

Exports from Austria () to Madagascar () (2022)

Exports from Madagascar () to Austria () (2022)

Latest Data

Trade between Austria () and Madagascar ()

Austria Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Austria than Madagascar included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

In 2022, countries that imported more from Madagascar than Austria included Mauritius ($44.7M), Comoros ($7.03M), and Seychelles ($4.15M).

Difference in imports from Madagascar () and Austria () (2022)

Comparative Advantage Austria - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Madagascar in the exports of N/A.

During 2017, Madagascar had a large net trade with Austria in the exports of Textiles ($612k), Mineral Products ($547k), and Precious Metals ($303k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Madagascar+$346kMotorcycles and cycles

Top Product Potential Madagascar Austria+$1.06MKnit Sweaters

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

Year

This visualization shows the product space at the HS4 level with the flags of Austria and Madagascar. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Austria.

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Madagascar () (2022)

Exports from Madagascar () to Austria () (2022)

Latest Data

Trade between Austria () and Madagascar ()

Austria Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Austria () (2022)

Comparative Advantage Austria - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Madagascar () (2022)

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