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Pricing

2022
Flag → Flag
Exports $51.7MRnk 127 / 218
2022
Flag → Flag
Top Product $5.47MSoups and Broths
2022
Flag → Flag
Exports $39.3MRnk 19 / 157
2022
Flag → Flag
Top Product $9.06MNon-Knit Men's Shirts
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
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GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Spain-Madagascar Trade: In 2022, Spain exported $51.7M to Madagascar. The main products that Spain exported to Madagascar were Soups and Broths ($5.47M), Unglazed Ceramics ($5.04M), and Coated Flat-Rolled Iron ($4.69M). Over the past 5 years the exports of Spain to Madagascar have decreased at an annualized rate of 0.55%, from $53.2M in 2017 to $51.7M in 2022.

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

Madagascar-Spain Trade: In 2022, Madagascar exported $39.3M to Spain. The main products that Madagascar exported to Spain were Non-Knit Men's Shirts ($9.06M), Cobalt ($3.23M), and Basketwork ($3.08M). Over the past 5 years the exports of Madagascar to Spain have decreased at an annualized rate of 11.2%,  from $79.9M in 2017 to $39.3M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €1.74M and imported €4.3M from Madagascar, resulting in a negative trade balance of €2.56M. Between September 2023 and September 2024 the exports of Spain have decreased by €-890k (-33.8%) from €2.63M to €1.74M, while imports increased by €865k (25.2%) from €3.43M to €4.3M.

Trade In September 2024, the top exports of Spain to Madagascar were Soups and Broths (€663k), Paper Containers (€165k), Electric Batteries (€136k), Mixed Mineral or Chemical Fertilizers (€83.9k), and Other knitted or crocheted fabrics. (€82.5k). In September 2024 the top imports of Spain from Madagascar were Basketwork (€1.03M), Other Fruits (€491k), Non-Knit Men's Shirts (€446k), Knit Sweaters (€312k), and Crustaceans (€261k).

Origins In September 2024 the exports of Spain were mainly from Barcelona (€603k), Sin provincia asignada (€190k), Castellón (€125k), Tarragona (€120k), and Pontevedra (€90.8k), while imports destinations were mainly Barcelona (€1.87M), Madrid (€777k), Pontevedra (€471k), Murcia (€307k), and Guipúzcoa (€222k).

Growth In September 2024, the decrease in Spain's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Unglazed Ceramics (€-481k or -87.7%), Coated Flat-Rolled Iron (€-347k or -87.4%), and Metal Stoppers (€-262k or -82.5%). In September 2024, the increase in Spain's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Basketwork (€868k or 523%), Other Fruits (€474k or 2.7k%), and Knit Sweaters (€223k or 248%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-890k(-33.8%)
IMPORT GROWTH (September 2023 - September 2024)€865k(25.2%)
MAIN EXPORTER (September 2024)Barcelona€603k

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $51.7M to Madagascar. The main products exported from Spain to Madagascar were Soups and Broths ($5.47M), Unglazed Ceramics ($5.04M), and Coated Flat-Rolled Iron ($4.69M). During the last 5 years the exports of Spain to Madagascar have decreased at an annualized rate of 0.55%, from $53.2M in 2017 to $51.7M in 2022.

In 2017, Madagascar exported $39.3M to Spain. The main products exported from Madagascar to Spain were Non-Knit Men's Shirts ($9.06M), Cobalt ($3.23M), and Basketwork ($3.08M). During the last 5 years the exports of Madagascar to Spain have decreased at an annualized rate of 11.2%, from $79.9M in 2022 to $39.3M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Spain than Madagascar included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Madagascar than Spain included Comoros ($7.03M).

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

Comparative Advantage Spain - Madagascar

Flow
Scale

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

During 2022, Spain had a large net trade with Madagascar in the exports of Metals ($11M), Foodstuffs ($6.76M), and Stone And Glass ($6.32M).

During 2017, Madagascar had a large net trade with Spain in the exports of Textiles ($17.6M), Vegetable Products ($4.26M), and Foodstuffs ($3.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Madagascar+$3.28MCars
Top Product Potential Madagascar Spain+$4.88MKnit Sweaters

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

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

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