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

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Austria-Madagascar Trade: In 2023, Austria exported $3.37M to Madagascar. The main products that Austria exported to Madagascar were Synthetic Filament Yarn Woven Fabric ($1.4M), Kaolin Coated Paper ($648k), and Motorcycles and cycles ($402k). Over the past 5 years the exports of Austria to Madagascar have decreased at an annualized rate of 0.82%, from $3.51M in 2018 to $3.37M in 2023.

In 2023, Austria did not export any services to Madagascar.

Madagascar-Austria Trade: In 2023, Madagascar exported $14.7M to Austria. The main products that Madagascar exported to Austria were Vanilla ($2.39M), Knit Sweaters ($2.24M), and Raw Nickel ($1.85M). Over the past 5 years the exports of Madagascar to Austria have increased at an annualized rate of 4.17%, from $12M in 2018 to $14.7M in 2023.

In 2023, Madagascar did not export any services to Austria.

Comparison: In 2023, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Austria exported $3.37M to Madagascar. The main products exported from Austria to Madagascar were Synthetic Filament Yarn Woven Fabric ($1.4M), Kaolin Coated Paper ($648k), and Motorcycles and cycles ($402k). During the last 5 years the exports of Austria to Madagascar have decreased at an annualized rate of 0.82%, from $3.51M in 2018 to $3.37M in 2023.

In 2018, Madagascar exported $14.7M to Austria. The main products exported from Madagascar to Austria were Vanilla ($2.39M), Knit Sweaters ($2.24M), and Raw Nickel ($1.85M). During the last 5 years the exports of Madagascar to Austria have increased at an annualized rate of 4.17%, from $12M in 2023 to $14.7M in 2018.

Exports from Austria () to Madagascar () (2023)

Exports from Madagascar () to Austria () (2023)

Latest Data

Trade between Austria () and Madagascar ()

Austria Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$51B

Madagascar
Top DestinationUnited States$669M

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 2023, countries that imported more from Austria than Madagascar included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Madagascar than Austria included Mauritius ($46.5M), Comoros ($7.69M), and Malawi ($3.26M).

Difference in imports from Madagascar () and Austria () (2023)

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 2023, Austria had a large net trade with Madagascar in the exports of Textiles ($1.49M), Paper Goods ($648k), and Transportation ($445k).

During 2018, Madagascar had a large net trade with Austria in the exports of Textiles ($5.1M), Vegetable Products ($4.28M), and Metals ($3.14M).

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 () (2023)

Exports from Madagascar () to Austria () (2023)

Latest Data

Trade between Austria () and Madagascar ()

Austria Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Austria () (2023)

Comparative Advantage Austria - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Austria () and Madagascar () (2023)

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