2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 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 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

Canada-Madagascar Trade: In 2022, Canada exported $21.6M to Madagascar. The main products that Canada exported to Madagascar were Animal Food ($8.1M), Valves ($4.91M), and Other Iron Products ($821k). Over the past 5 years the exports of Canada to Madagascar have increased at an annualized rate of 9.83%, from $13.5M in 2017 to $21.6M in 2022.

In 2022, Canada did not export any services to Madagascar.

Madagascar-Canada Trade: In 2022, Madagascar exported $126M to Canada. The main products that Madagascar exported to Canada were Titanium Ore ($58.4M), Vanilla ($57.2M), and Knit T-shirts ($3.21M). Over the past 5 years the exports of Madagascar to Canada have increased at an annualized rate of 10.8%,  from $75.5M in 2017 to $126M in 2022.

In 2022, Madagascar did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). 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 2022, Canada exported $21.6M to Madagascar. The main products exported from Canada to Madagascar were Animal Food ($8.1M), Valves ($4.91M), and Other Iron Products ($821k). During the last 5 years the exports of Canada to Madagascar have increased at an annualized rate of 9.83%, from $13.5M in 2017 to $21.6M in 2022.

In 2017, Madagascar exported $126M to Canada. The main products exported from Madagascar to Canada were Titanium Ore ($58.4M), Vanilla ($57.2M), and Knit T-shirts ($3.21M). During the last 5 years the exports of Madagascar to Canada have increased at an annualized rate of 10.8%, from $75.5M in 2022 to $126M in 2017.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Madagascar
Top Destination
United States$756M

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

In 2022, countries that imported more from Canada than Madagascar included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Madagascar than Canada included Mauritius ($44.7M), Comoros ($7.03M), and Malawi ($3.29M).

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

Comparative Advantage Canada - Madagascar

Flow
Scale

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

During 2022, Canada had a large net trade with Madagascar in the exports of Foodstuffs ($8.16M), Machines ($7.92M), and Metals ($1.68M).

During 2017, Madagascar had a large net trade with Canada in the exports of Vegetable Products ($58.6M), Mineral Products ($58.5M), and Textiles ($6.97M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Madagascar+$780kCars
Top Product Potential Madagascar Canada+$3.47MKnit T-shirts

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

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

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