Belarus (BLR) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Belarus-Madagascar Trade: In 2023, Belarus exported $283k to Madagascar. The main products that Belarus exported to Madagascar were Tractors ($172k), Electric Batteries ($66.1k), and Soil Preparation Machinery ($45.3k). Over the past 5 years the exports of Belarus to Madagascar have decreased at an annualized rate of 10.8%, from $503k in 2018 to $283k in 2023.

In 2014, Belarus exported services to Madagascar worth $0, with being the largest in terms of value.

Madagascar-Belarus Trade: In 2023, Madagascar exported $74k to Belarus. The main products that Madagascar exported to Belarus were N/A. Over the past 5 years the exports of Madagascar to Belarus have decreased at an annualized rate of 48.2%, from $1.98M in 2018 to $74k in 2023.

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

Comparison: In 2023, Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). 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, Belarus exported $283k to Madagascar. The main products exported from Belarus to Madagascar were Tractors ($172k), Electric Batteries ($66.1k), and Soil Preparation Machinery ($45.3k). During the last 5 years the exports of Belarus to Madagascar have decreased at an annualized rate of 10.8%, from $503k in 2018 to $283k in 2023.

In 2016, Madagascar exported $74k to Belarus. There were not main exports from Madagascar to Belarus in 2016. During the last 5 years the exports of Madagascar to Belarus have decreased at an annualized rate of 48.2%, from $1.98M in 2021 to $74k in 2016.

Exports from Belarus () to Madagascar () (2023)

Exports from Madagascar () to Belarus () (2023)

Latest Data

Trade between Belarus () and Madagascar ()

Belarus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belarus
Top DestinationChina$2.6B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Belarus than Madagascar included China ($2.6B), Kazakhstan ($757M), and Uzbekistan ($509M).

In 2023, countries that imported more from Madagascar than Belarus included France ($641M), United States ($669M), and Japan ($345M).

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

Comparative Advantage Belarus - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Belarus had a large net trade with Madagascar in the exports of Transportation ($172k) and Machines ($111k).

During 2016, Madagascar had a large net trade with Belarus in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Belarus Madagascar+$89.4kTractors

Top Product Potential Madagascar Belarus+$1.83kKnit 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 Belarus and Madagascar. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Belarus.

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Historical Data

Bilateral Trade by Products

Exports from Belarus () to Madagascar () (2023)

Exports from Madagascar () to Belarus () (2023)

Latest Data

Trade between Belarus () and Madagascar ()

Belarus Exports

Market Competitiveness

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

Comparative Advantage Belarus - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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