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Pricing

2020
Flag → Flag
Exports $6.82kRnk 46 / 0
2020
Flag → Flag
Exports $585kRnk 87 / 157
2020
Flag → Flag
Top Product $236kCloves
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Azerbaijan-Madagascar Trade: In 2020, Azerbaijan exported $6.82k to Madagascar. The main products that Azerbaijan exported to Madagascar were N/A. Over the past 13 years the exports of Azerbaijan to Madagascar have decreased at an annualized rate of 5.64%, from $14.5k in 2007 to $6.82k in 2020.

In 2020, Azerbaijan did not export any services to Madagascar.

Madagascar-Azerbaijan Trade: In 2020, Madagascar exported $585k to Azerbaijan. The main products that Madagascar exported to Azerbaijan were Cloves ($236k), Non-Knit Women's Suits ($73k), and Dried Legumes ($63.5k). Over the past 13 years the exports of Madagascar to Azerbaijan have increased at an annualized rate of 1.15%,  from $553k in 2007 to $585k in 2020.

In 2020, Madagascar did not export any services to Azerbaijan.

Comparison: In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). 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 2020, Azerbaijan exported $6.82k to Madagascar. There were not main exports from Azerbaijan to Madagascar in 2020. During the last 13 years the exports of Azerbaijan to Madagascar have decreased at an annualized rate of 5.64%, from $14.5k in 2007 to $6.82k in 2020.

In 2017, Madagascar exported $585k to Azerbaijan. The main products exported from Madagascar to Azerbaijan were Cloves ($236k), Non-Knit Women's Suits ($73k), and Dried Legumes ($63.5k). During the last 5 years the exports of Madagascar to Azerbaijan have increased at an annualized rate of 1.15%, from $553k in 2022 to $585k in 2017.

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

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

Latest Data

Trade between Azerbaijan (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Azerbaijan than Madagascar included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

In 2022, countries that imported more from Madagascar than Azerbaijan included United States ($756M), France ($634M), and Japan ($448M).

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

Comparative Advantage Azerbaijan - Madagascar

Flow
Scale

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

During 2020, Azerbaijan had a large net trade with Madagascar in the exports of .

During 2017, Madagascar had a large net trade with Azerbaijan in the exports of Vegetable Products ($300k), Textiles ($274k), and Animal Hides ($3.63k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Madagascar+$3.19kRefined Petroleum
Top Product Potential Madagascar Azerbaijan+$155kNon-Knit Women'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 Azerbaijan and Madagascar. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Azerbaijan.

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

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