2022
Flag  
GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
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GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 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 
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

Chile-Madagascar Trade: In 2021, Chile exported $333 to Madagascar. The main products that Chile exported to Madagascar were N/A. Over the past 5 years the exports of Chile to Madagascar have decreased at an annualized rate of 66.4%, from $77.4k in 2016 to $333 in 2021.

In 2021, Chile did not export any services to Madagascar.

Madagascar-Chile Trade: In 2021, Madagascar exported $850k to Chile. The main products that Madagascar exported to Chile were Liquid Pumps ($166k), Non-Knit Active Wear ($98.9k), and Non-Knit Women's Suits ($83.8k). Over the past 5 years the exports of Madagascar to Chile have increased at an annualized rate of 22%,  from $314k in 2016 to $850k in 2021.

In 2021, Madagascar did not export any services to Chile.

Comparison: In 2022,  Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B). 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 2021, Chile exported $333 to Madagascar. There were not main exports from Chile to Madagascar in 2021. During the last 5 years the exports of Chile to Madagascar have decreased at an annualized rate of 66.4%, from $77.4k in 2016 to $333 in 2021.

In 2017, Madagascar exported $850k to Chile. The main products exported from Madagascar to Chile were Liquid Pumps ($166k), Non-Knit Active Wear ($98.9k), and Non-Knit Women's Suits ($83.8k). During the last 5 years the exports of Madagascar to Chile have increased at an annualized rate of 22%, from $314k in 2022 to $850k in 2017.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.5B
Madagascar
Top Destination
United States$756M

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

In 2022, countries that imported more from Chile than Madagascar included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

In 2022, countries that imported more from Madagascar than Chile included Mauritius ($44.7M), Ethiopia ($12.2M), and Kenya ($16.4M).

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

Comparative Advantage Chile - Madagascar

Flow
Scale

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

During 2021, Chile had a large net trade with Madagascar in the exports of .

During 2017, Madagascar had a large net trade with Chile in the exports of Textiles ($295k), Machines ($172k), and Vegetable Products ($101k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Madagascar+$3.34kRefined Petroleum
Top Product Potential Madagascar Chile+$263kNon-Knit Women's Suits

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

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

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