2022
Flag  
GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC 
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

In N/A, Bermuda did not export any services to Madagascar.

Madagascar-Bermuda Trade: In N/A, Madagascar exported $6.09k to Bermuda. The main products that Madagascar exported to Bermuda were Knit Men's Suits ($3.7k), Knit Sweaters ($2.32k), and Non-Knit Active Wear ($39). Over the past N/A years the exports of Madagascar to Bermuda have decreased at an annualized rate of 30.9%,  from $38.7k in N/A to $6.09k in N/A.

In N/A, Madagascar did not export any services to Bermuda.

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. 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

Bermuda does not register exports to Madagascar.

In 2017, Madagascar exported $6.09k to Bermuda. The main products exported from Madagascar to Bermuda were Knit Men's Suits ($3.7k), Knit Sweaters ($2.32k), and Non-Knit Active Wear ($39). During the last 5 years the exports of Madagascar to Bermuda have decreased at an annualized rate of 30.9%, from $38.7k in 2022 to $6.09k in 2017.

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

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

Market Competitiveness

Color
Bermuda
Top Destination
Zambia$17.5M
Madagascar
Top Destination
United States$756M

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

In 2022, countries that imported more from Bermuda than Madagascar included Zambia ($17.5M), Angola ($7.13M), and Cyprus ($2.39M).

In 2022, countries that imported more from Madagascar than Bermuda included United States ($756M), France ($634M), and China ($538M).

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

Comparative Advantage Bermuda - Madagascar

Flow
Scale

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

During 2017, Madagascar had a large net trade with Bermuda in the exports of Textiles ($6.09k).

Economic Complexity

Competitive Landscape

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

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

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