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2022
Flag → Flag
Exports $533MRnk 89 / 217
2022
Flag → Flag
Top Product $224MRice
2022
Flag → Flag
Exports $123MRnk 11 / 157
2022
Flag → Flag
Top Product $59MCloves
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

India-Madagascar Trade: In 2022, India exported $533M to Madagascar. The main products that India exported to Madagascar were Rice ($224M), Refined Petroleum ($75.6M), and Wheat Flours ($29.8M). Over the past 5 years the exports of India to Madagascar have increased at an annualized rate of 13.2%, from $286M in 2017 to $533M in 2022.

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

Madagascar-India Trade: In 2022, Madagascar exported $123M to India. The main products that Madagascar exported to India were Cloves ($59M), Essential Oils ($14.7M), and Graphite ($9.04M). Over the past 5 years the exports of Madagascar to India have increased at an annualized rate of 1.64%,  from $113M in 2017 to $123M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $19.5M and imported $10.9M from Madagascar, resulting in a positive trade balance of $8.58M. Between September 2023 and September 2024 the exports of India have decreased by $-847k (-4.16%) from $20.4M to $19.5M, while imports increased by $1.57M (16.8%) from $9.35M to $10.9M.

Trade In September 2024, the top exports of India to Madagascar were Rice(Other Than Basmoti) ($27.1M), Sugar ($6.46M), Drug Formulations, Biologicals ($2.64M), Indl. Machnry For Dairy Etc ($1.15M), and Medical And Scientific Instrum ($1.01M). In September 2024 the top imports of India from Madagascar were Spices ($3.06M), Other Commodities ($882k), Cocoa Products ($368k), Processed Minerals ($281k), and Pulses ($276k).

Growth In September 2024, the decrease in India's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in Petroleum Products ($-6.75M or -97.3%), Processed Fruits And Juices ($-553k or -78.8%), and Plastic Raw Materials ($-373k or -87.3%). In September 2024, the increase in India's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Pearl, Precs, Semiprecs Stones ($217k or 390%), Ayush And Herbal Products ($215k or 51.2k%), and Pulses ($40.5k or 17.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)$-847k(-4.16%)
IMPORT GROWTH (September 2023 - September 2024)$1.57M(16.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $533M to Madagascar. The main products exported from India to Madagascar were Rice ($224M), Refined Petroleum ($75.6M), and Wheat Flours ($29.8M). During the last 5 years the exports of India to Madagascar have increased at an annualized rate of 13.2%, from $286M in 2017 to $533M in 2022.

In 2017, Madagascar exported $123M to India. The main products exported from Madagascar to India were Cloves ($59M), Essential Oils ($14.7M), and Graphite ($9.04M). During the last 5 years the exports of Madagascar to India have increased at an annualized rate of 1.64%, from $113M in 2022 to $123M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from India than Madagascar included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, no countries were registered that imported more from Madagascar than from India.

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

Comparative Advantage India - Madagascar

Flow
Scale

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

During 2022, India had a large net trade with Madagascar in the exports of Vegetable Products ($254M), Mineral Products ($76.2M), and Chemical Products ($43.3M).

During 2017, Madagascar had a large net trade with India in the exports of Vegetable Products ($77.3M), Chemical Products ($20.8M), and Mineral Products ($9.89M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Madagascar+$67.4MRefined Petroleum
Top Product Potential Madagascar India+$6.93MDried Legumes

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

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

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