Finland (FIN) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Finland-Madagascar Trade: In 2022, Finland exported $1.38M to Madagascar. The main products that Finland exported to Madagascar were Kraft Paper ($282k), Broadcasting Equipment ($235k), and Telephones ($224k). Over the past 5 years the exports of Finland to Madagascar have decreased at an annualized rate of 19.5%, from $4.07M in 2017 to $1.38M in 2022.

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

Madagascar-Finland Trade: In 2022, Madagascar exported $8.05M to Finland. The main products that Madagascar exported to Finland were Non-Knit Men's Suits ($2.81M), Non-Knit Active Wear ($1.57M), and Raw Nickel ($1.49M). Over the past 5 years the exports of Madagascar to Finland have increased at an annualized rate of 6.27%, from $5.94M in 2017 to $8.05M in 2022.

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

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Finland exported $1.38M to Madagascar. The main products exported from Finland to Madagascar were Kraft Paper ($282k), Broadcasting Equipment ($235k), and Telephones ($224k). During the last 5 years the exports of Finland to Madagascar have decreased at an annualized rate of 19.5%, from $4.07M in 2017 to $1.38M in 2022.

In 2017, Madagascar exported $8.05M to Finland. The main products exported from Madagascar to Finland were Non-Knit Men's Suits ($2.81M), Non-Knit Active Wear ($1.57M), and Raw Nickel ($1.49M). During the last 5 years the exports of Madagascar to Finland have increased at an annualized rate of 6.27%, from $5.94M in 2022 to $8.05M in 2017.

Exports from Finland () to Madagascar () (2022)

Exports from Madagascar () to Finland () (2022)

Latest Data

Trade between Finland () and Madagascar ()

Finland Exports

Date

Madagascar Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Finland than Madagascar included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

In 2022, countries that imported more from Madagascar than Finland included Mauritius ($44.7M), Comoros ($7.03M), and Seychelles ($4.15M).

Difference in imports from Madagascar () and Finland () (2022)

Comparative Advantage Finland - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Madagascar in the exports of Machines ($758k), Paper Goods ($349k), and Instruments ($180k).

During 2017, Madagascar had a large net trade with Finland in the exports of Textiles ($5.75M), Metals ($1.49M), and Vegetable Products ($610k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Madagascar+$452kTelephones

Top Product Potential Madagascar Finland+$1.26MNon-Knit Men'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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Madagascar () (2022)

Exports from Madagascar () to Finland () (2022)

Latest Data

Trade between Finland () and Madagascar ()

Finland Exports

Madagascar Exports

Market Competitiveness

Difference in imports from Madagascar () and Finland () (2022)

Comparative Advantage Finland - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Madagascar () (2022)

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