2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
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
Flag
GDP PC
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

Italy-Madagascar Trade: In 2022, Italy exported $46.8M 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 decreased at an annualized rate of 0.076%, from $47M in 2017 to $46.8M in 2022.

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

Madagascar-Italy Trade: 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). Over the past 5 years the exports of Madagascar to Italy have increased at an annualized rate of 4.09%,  from $34.5M in 2017 to $42.2M 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).

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 5 years the exports of Italy to Madagascar have decreased at an annualized rate of 0.076%, from $47M in 2017 to $46.8M in 2022.

In 2017, 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 5 years the exports of Madagascar to Italy have increased at an annualized rate of 4.09%, from $34.5M in 2022 to $42.2M in 2017.

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 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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