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Pricing

2022
Flag → Flag
Exports $47MRnk 143 / 221
2022
Flag → Flag
Top Product $5.02MIndustrial Food Preperation Machinery
2022
Flag → Flag
Exports $34.5MRnk 17 / 157
2022
Flag → Flag
Top Product $7.51MRaw Nickel
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
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
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 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
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GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Italy-Madagascar Trade: In 2022, Italy exported $47M to Madagascar. The main products that Italy exported to Madagascar were Industrial Food Preperation Machinery ($5.02M), Metal Stoppers ($2.95M), and Rubberworking Machinery ($2.24M). Over the past 5 years the exports of Italy to Madagascar have increased at an annualized rate of 16.1%, from $22.3M in 2017 to $47M in 2022.

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

Madagascar-Italy Trade: In 2022, Madagascar exported $34.5M to Italy. The main products that Madagascar exported to Italy were Raw Nickel ($7.51M), Precious Stones ($5.16M), and Basketwork ($4.46M). Over the past 5 years the exports of Madagascar to Italy have increased at an annualized rate of 2.36%,  from $30.7M in 2017 to $34.5M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Madagascar, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Madagascar were . In N/A the top imports of Italy from Madagascar were .

Growth In N/A, the N/A in Italy's year-by-year exports to Madagascar was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $47M 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 5 years the exports of Italy to Madagascar have increased at an annualized rate of 16.1%, from $22.3M in 2017 to $47M in 2022.

In 2017, Madagascar exported $34.5M 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 22 years the exports of Madagascar to Italy have increased at an annualized rate of 2.36%, from $30.7M in 1995 to $34.5M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Madagascar
Top DestinationUnited 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 2022, countries that imported more from Italy than Madagascar included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Madagascar than Italy included 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 2017, Madagascar had a large net trade with Italy in the exports of Metals ($7.7M), Mineral Products ($7.21M), and Precious Metals ($6.02M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Madagascar+$1.31MDelivery Trucks
Top Product Potential Madagascar Italy+$8.06MRaw Nickel

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

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

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