Cote d'Ivoire (CIV) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

About

Cote d'Ivoire-Madagascar Trade: In 2023, Cote d'Ivoire exported $3.12M to Madagascar. The main products that Cote d'Ivoire exported to Madagascar were Large Construction Vehicles ($795k), Beauty Products ($574k), and Coffee ($389k). Over the past 5 years the exports of Cote d'Ivoire to Madagascar have increased at an annualized rate of 63.7%, from $266k in 2018 to $3.12M in 2023.

In 2023, Cote d'Ivoire did not export any services to Madagascar.

Madagascar-Cote d'Ivoire Trade: In 2023, Madagascar exported $1.4M to Cote d'Ivoire. The main products that Madagascar exported to Cote d'Ivoire were Non-fillet Frozen Fish ($843k), Sowing Seeds ($114k), and Coconut and Other Vegetable Fibers ($53.3k). Over the past 5 years the exports of Madagascar to Cote d'Ivoire have increased at an annualized rate of 44.3%, from $223k in 2018 to $1.4M in 2023.

In 2023, Madagascar did not export any services to Cote d'Ivoire.

Comparison: In 2023, Cote d'Ivoire ranked 114 in the Economic Complexity Index (ECI -1.08), and 76 in total exports ($22.3B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cote d'Ivoire exported $3.12M to Madagascar. The main products exported from Cote d'Ivoire to Madagascar were Large Construction Vehicles ($795k), Beauty Products ($574k), and Coffee ($389k). During the last 5 years the exports of Cote d'Ivoire to Madagascar have increased at an annualized rate of 63.7%, from $266k in 2018 to $3.12M in 2023.

In 2018, Madagascar exported $1.4M to Cote d'Ivoire. The main products exported from Madagascar to Cote d'Ivoire were Non-fillet Frozen Fish ($843k), Sowing Seeds ($114k), and Coconut and Other Vegetable Fibers ($53.3k). During the last 5 years the exports of Madagascar to Cote d'Ivoire have increased at an annualized rate of 44.3%, from $223k in 2023 to $1.4M in 2018.

Exports from Cote d'Ivoire () to Madagascar () (2023)

Exports from Madagascar () to Cote d'Ivoire () (2023)

Latest Data

Trade between Cote d'Ivoire () and Madagascar ()

Cote d'Ivoire Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cote d'Ivoire
Top DestinationSwitzerland$3.88B

Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Cote d'Ivoire than Madagascar included Switzerland ($3.88B), Netherlands ($1.99B), and Mali ($1.59B).

In 2023, countries that imported more from Madagascar than Cote d'Ivoire included Japan ($345M), South Korea ($271M), and Chinese Taipei ($99.8M).

Difference in imports from Madagascar () and Cote d'Ivoire () (2023)

Comparative Advantage Cote d'Ivoire - Madagascar

Flow

Section

HS2

HS4

Scale

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Linear

Year

This chart compares trade between Cote d'Ivoire and Madagascar by product, considering products traded by both, Cote d'Ivoire and Madagascar.

During 2023, Cote d'Ivoire had a large net trade with Madagascar in the exports of Machines ($931k), Chemical Products ($706k), and Transportation ($414k).

During 2018, Madagascar had a large net trade with Cote d'Ivoire in the exports of Animal Products ($845k), Vegetable Products ($122k), and Textiles ($95.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Cote d'Ivoire Madagascar+$30.1kSoap

Top Product Potential Madagascar Cote d'Ivoire+$22.5kCranes

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Cote d'Ivoire () to Madagascar () (2023)

Exports from Madagascar () to Cote d'Ivoire () (2023)

Latest Data

Trade between Cote d'Ivoire () and Madagascar ()

Cote d'Ivoire Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Cote d'Ivoire () (2023)

Comparative Advantage Cote d'Ivoire - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cote d'Ivoire () and Madagascar () (2023)

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