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2022
Flag → Flag
Exports $345kRnk 153 / 187
2022
Flag → Flag
Top Product $171kConfectionery Sugar
2022
Flag → Flag
Exports $696kRnk 85 / 157
2022
Flag → Flag
Top Product $326kCloves
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Colombia-Madagascar Trade: In 2022, Colombia exported $345k to Madagascar. The main products that Colombia exported to Madagascar were Confectionery Sugar ($171k), Pastes and Waxes ($28.7k), and Acrylic Polymers ($27.5k). Over the past 5 years the exports of Colombia to Madagascar have increased at an annualized rate of 17%, from $157k in 2017 to $345k in 2022.

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

Madagascar-Colombia Trade: In 2022, Madagascar exported $696k to Colombia. The main products that Madagascar exported to Colombia were Cloves ($326k), Twine and Rope ($97.7k), and Non-Knit Men's Shirts ($53k). Over the past 5 years the exports of Madagascar to Colombia have increased at an annualized rate of 1.42%,  from $649k in 2017 to $696k in 2022.

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

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $345k to Madagascar. The main products exported from Colombia to Madagascar were Confectionery Sugar ($171k), Pastes and Waxes ($28.7k), and Acrylic Polymers ($27.5k). During the last 5 years the exports of Colombia to Madagascar have increased at an annualized rate of 17%, from $157k in 2017 to $345k in 2022.

In 2017, Madagascar exported $696k to Colombia. The main products exported from Madagascar to Colombia were Cloves ($326k), Twine and Rope ($97.7k), and Non-Knit Men's Shirts ($53k). During the last 5 years the exports of Madagascar to Colombia have increased at an annualized rate of 1.42%, from $649k in 2022 to $696k in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Madagascar (Flag)

Colombia Exports

Madagascar Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$15.6B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Colombia than Madagascar included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Madagascar than Colombia included France ($634M), South Africa ($152M), and Mauritius ($44.7M).

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

Comparative Advantage Colombia - Madagascar

Flow
Scale

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

During 2022, Colombia had a large net trade with Madagascar in the exports of Foodstuffs ($188k), Chemical Products ($71.3k), and Machines ($45.3k).

During 2017, Madagascar had a large net trade with Colombia in the exports of Vegetable Products ($351k), Textiles ($269k), and Chemical Products ($46.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Madagascar+$82.1kPackaged Medicaments
Top Product Potential Madagascar Colombia+$220kCloves

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

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

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