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Pricing

2023
Flag → Flag
Exports $13.8MRnk 145 / 215
2023
Flag → Flag
Top Product $4.71MValves
2023
Flag → Flag
Exports $119MRnk 12 / 156
2023
Flag → Flag
Top Product $81.8MTitanium Ore
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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 $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Canada-Madagascar Trade: In 2023, Canada exported $13.8M to Madagascar. The main products that Canada exported to Madagascar were Valves ($4.71M), Cars ($1.06M), and Other Iron Products ($1.06M). Over the past 5 years the exports of Canada to Madagascar have increased at an annualized rate of 1.73%, from $12.7M in 2018 to $13.8M in 2023.

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

Madagascar-Canada Trade: In 2023, Madagascar exported $119M to Canada. The main products that Madagascar exported to Canada were Titanium Ore ($81.8M), Vanilla ($19.6M), and Knit T-shirts ($3.16M). Over the past 5 years the exports of Madagascar to Canada have increased at an annualized rate of 1.59%,  from $98.6M in 2018 to $119M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$171k and imported C$16.1M from Madagascar, resulting in a negative trade balance of C$15.9M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-248k (-59.2%) from C$419k to C$171k, while imports increased by C$2.49M (18.3%) from C$13.6M to C$16.1M.

Trade In November 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 November 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 November 2024 the exports of Canada were mainly from Quebec (C$167k) and Ontario (C$4.14k), while imports destinations were mainly Quebec (C$14.6M), Ontario (C$1.3M), British Columbia (C$111k), Manitoba (C$28.1k), and Saskatchewan (C$20k).

Growth In November 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 November 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 (November 2023 - November 2024)C$-248k(-59.2%)
IMPORT GROWTH (November 2023 - November 2024)C$2.49M(18.3%)
MAIN EXPORTER (November 2024)QuebecC$167k

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 2023, Canada exported $13.8M to Madagascar. The main products exported from Canada to Madagascar were Valves ($4.71M), Cars ($1.06M), and Other Iron Products ($1.06M). During the last 5 years the exports of Canada to Madagascar have increased at an annualized rate of 1.73%, from $12.7M in 2018 to $13.8M in 2023.

In 2018, Madagascar exported $119M to Canada. The main products exported from Madagascar to Canada were Titanium Ore ($81.8M), Vanilla ($19.6M), and Knit T-shirts ($3.16M). During the last 5 years the exports of Madagascar to Canada have increased at an annualized rate of 1.59%, from $98.6M in 2023 to $119M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Madagascar
Top DestinationUnited States$669M

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 2023, countries that imported more from Canada than Madagascar included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Madagascar than Canada included Mauritius ($46.5M), Comoros ($7.69M), and Seychelles ($2.59M).

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

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 2023, Canada had a large net trade with Madagascar in the exports of Machines ($7.7M), Metals ($1.61M), and Transportation ($1.6M).

During 2018, Madagascar had a large net trade with Canada in the exports of Mineral Products ($81.9M), Vegetable Products ($21.9M), and Textiles ($10.1M).

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) (2023)

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