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2023
Flag → Flag
Exports $3.19MRnk 102 / 138
2023
Flag → Flag
Top Product $1.47MLight Rubberized Knitted Fabric
2023
Flag → Flag
Exports $3.49MRnk 48 / 156
2023
Flag → Flag
Top Product $2.54MAnimal Food
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 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 $2,551CURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Bangladesh-Madagascar Trade: In 2023, Bangladesh exported $3.19M to Madagascar. The main products that Bangladesh exported to Madagascar were Light Rubberized Knitted Fabric ($1.47M), Packing Bags ($872k), and Baked Goods ($435k). Over the past 5 years the exports of Bangladesh to Madagascar have increased at an annualized rate of 19.5%, from $1.31M in 2018 to $3.19M in 2023.

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

Madagascar-Bangladesh Trade: In 2023, Madagascar exported $3.49M to Bangladesh. The main products that Madagascar exported to Bangladesh were Animal Food ($2.54M), Cloves ($568k), and Packing Bags ($231k). Over the past 5 years the exports of Madagascar to Bangladesh have increased at an annualized rate of 11.3%,  from $1.65M in 2018 to $3.49M in 2023.

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

Comparison: In 2023,  Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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, Bangladesh exported $3.19M to Madagascar. The main products exported from Bangladesh to Madagascar were Light Rubberized Knitted Fabric ($1.47M), Packing Bags ($872k), and Baked Goods ($435k). During the last 5 years the exports of Bangladesh to Madagascar have increased at an annualized rate of 19.5%, from $1.31M in 2018 to $3.19M in 2023.

In 2018, Madagascar exported $3.49M to Bangladesh. The main products exported from Madagascar to Bangladesh were Animal Food ($2.54M), Cloves ($568k), and Packing Bags ($231k). During the last 5 years the exports of Madagascar to Bangladesh have increased at an annualized rate of 11.3%, from $1.65M in 2023 to $3.49M in 2018.

Exports from Bangladesh (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to Bangladesh (Flag) (2023)

Latest Data

Trade between Bangladesh (Flag) and Madagascar (Flag)

Madagascar Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Bangladesh than Madagascar included Germany ($8.28B), United States ($8.58B), and United Kingdom ($4.25B).

In 2023, countries that imported more from Madagascar than Bangladesh included South Korea ($271M), Indonesia ($165M), and South Africa ($161M).

Difference in imports from Madagascar (Flag) and Bangladesh (Flag) (2023)

Comparative Advantage Bangladesh - Madagascar

Flow
Scale

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

During 2023, Bangladesh had a large net trade with Madagascar in the exports of Textiles ($2.58M), Foodstuffs ($515k), and Chemical Products ($34.1k).

During 2018, Madagascar had a large net trade with Bangladesh in the exports of Foodstuffs ($2.54M), Vegetable Products ($624k), and Textiles ($231k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bangladesh Madagascar+$110kNon-Retail Pure Cotton Yarn
Top Product Potential Madagascar Bangladesh+$447kCloves

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

Product Space of Bangladesh (Flag) and Madagascar (Flag) (2023)

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