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Pricing

2022
Flag → Flag
Exports $21.6MRnk 131 / 215
2022
Flag → Flag
Top Product $8.1MAnimal Food
2022
Flag → Flag
Exports $126MRnk 10 / 157
2022
Flag → Flag
Top Product $58.4MTitanium Ore
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%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).

Latest Trends

September, 2024

About

Overview In September 2024, Canada exported C$112k and imported C$6.26M from Madagascar, resulting in a negative trade balance of C$6.15M. Between September 2023 and September 2024 the exports of Canada have decreased by C$-909k (-89%) from C$1.02M to C$112k, while imports increased by C$2.71M (76.5%) from C$3.55M to C$6.26M.

Trade In September 2024, the top exports of Canada to Madagascar were Valves (C$634k), Animal Food (C$290k), Computers (C$229k), Liquid Pumps (C$86.3k), and Other Rubber Products (C$85.9k). In September 2024 the top imports of Canada from Madagascar were Titanium Ore (C$10.3M), Vanilla (C$9.46M), Other Fruits (C$302k), Knit Sweaters (C$263k), and Dried Legumes (C$144k).

Origins In September 2024 the exports of Canada were mainly from Quebec (C$68.9k) and Ontario (C$43.2k), while imports destinations were mainly Quebec (C$4.13M), Ontario (C$1.94M), British Columbia (C$138k), Alberta (C$27.8k), and Manitoba (C$25.7k).

Growth In September 2024, the decrease in Canada's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Animal Food (C$-341k or -54%) and Used Clothing (C$-41.2k or -77.4%). In September 2024, the increase in Canada's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Knit Sweaters (C$153k or 140%), Non-Knit Men's Shirts (C$30.5k or 409%), and Knit Men's Shirts (C$20k or 43.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)C$-909k(-89%)
IMPORT GROWTH (September 2023 - September 2024)C$2.71M(76.5%)
MAIN EXPORTER (September 2024)QuebecC$68.9k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Madagascar and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and Canada Data

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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 DestinationUnited States$438B
Madagascar
Top DestinationUnited 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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