Greenland (GRL) and Madagascar (MDG) Trade | The Observatory of Economic Complexity

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Greenland-Madagascar Trade: In 2006, Greenland exported $5 to Madagascar. The main products that Greenland exported to Madagascar were N/A. Over the past 8 years the exports of Greenland to Madagascar have decreased at an annualized rate of 50.7%, from $1.43k in 1998 to $5 in 2006.

In 2006, Greenland did not export any services to Madagascar.

Madagascar-Greenland Trade: In 2006, Madagascar exported $22.4k to Greenland. The main products that Madagascar exported to Greenland were N/A. Over the past 8 years the exports of Madagascar to Greenland have increased at an annualized rate of 42%, from $3.89k in 1998 to $22.4k in 2006.

In 2006, Madagascar did not export any services to Greenland.

Comparison In 2022, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index. 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 2006, Greenland exported $5 to Madagascar. There were not main exports from Greenland to Madagascar in 2006. During the last 8 years the exports of Greenland to Madagascar have decreased at an annualized rate of 50.7%, from $1.43k in 1998 to $5 in 2006.

In 2013, Madagascar exported $22.4k to Greenland. There were not main exports from Madagascar to Greenland in 2013. During the last 5 years the exports of Madagascar to Greenland have increased at an annualized rate of 42%, from $3.89k in 2018 to $22.4k in 2013.

Exports from Greenland () to Madagascar () (2018)

Exports from Madagascar () to Greenland () (2018)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greenland
Top DestinationDenmark$731M

Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Greenland than Madagascar included Denmark ($731M), United Kingdom ($86M), and Iceland ($18.9M).

In 2022, countries that imported more from Madagascar than Greenland included United States ($756M), France ($634M), and Japan ($448M).

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

Comparative Advantage Greenland - Madagascar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2006, Greenland had a large net trade with Madagascar in the exports of .

During 2013, Madagascar had a large net trade with Greenland in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Greenland () to Madagascar () (2018)

Exports from Madagascar () to Greenland () (2018)

Market Competitiveness

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

Comparative Advantage Greenland - Madagascar

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greenland () and Madagascar () (2018)

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