2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

Italy-Madagascar In 2022, Italy exported $46.8M to Madagascar. The main products that Italy exported to Madagascar are Industrial Food Preperation Machinery ($5.02M), Metal Stoppers ($2.95M), and Rubberworking Machinery ($2.24M). During the last 27 years the exports of Italy to Madagascar have increased at an annualized rate of 2.78%, from $22.3M in 1995 to $46.8M in 2022.

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

Madagascar-Italy In 2022, Madagascar exported $42.2M to Italy. The main products that Madagascar exported to Italy were Raw Nickel ($7.51M), Precious Stones ($5.16M), and Basketwork ($4.46M). During the last 27 years the exports of Madagascar to Italy have increased at an annualized rate of 1.18%, from $30.7M in 1995 to $42.2M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Madagascar ranked 108 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, Italy exported $46.8M to Madagascar. The main products exported from Italy to Madagascar were Industrial Food Preperation Machinery ($5.02M), Metal Stoppers ($2.95M), and Rubberworking Machinery ($2.24M). During the last 27 years the exports of Italy to Madagascar have increased at an annualized rate of 2.78%, from $22.3M in 1995 to $46.8M in 2022.

In 2022, Madagascar exported $42.2M to Italy. The main products exported from Madagascar to Italy were Raw Nickel ($7.51M), Precious Stones ($5.16M), and Basketwork ($4.46M). During the last 27 years the exports of Madagascar to Italy have increased at an annualized rate of 1.18%, from $30.7M in 1995 to $42.2M in 2022.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Madagascar
Top Destination
United States$756M

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

In 2021, countries that imported more from Italy than Madagascar were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Madagascar than Italy were Comoros ($7.03M).

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

Comparative Advantage Italy - Madagascar

Flow
Scale

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

During 2022, Italy had a large net trade with Madagascar in the exports of Machines ($18.8M), Textiles ($10.4M), and Metals ($4.17M).

During 2022, Madagascar had a large net trade with Italy in the exports of Metals ($7.7M), Mineral Products ($7.21M), and Precious Metals ($6.02M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Madagascar. Similarly, the more yellow a dot/product is, the more Madagascar has comparative advantage over Italy.

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

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