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Pricing

2023
Flag → Flag
Exports $24.2MRnk 154 / 211
2023
Flag → Flag
Top Product $3.65MRecreational Boats
2023
Flag → Flag
Exports $345MRnk 3 / 156
2023
Flag → Flag
Top Product $289MRaw Nickel
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
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GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
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GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Japan-Madagascar Trade: In 2023, Japan exported $24.2M to Madagascar. The main products that Japan exported to Madagascar were Recreational Boats ($3.65M), Non-Retail Artificial Filament Yarn ($2.69M), and Cars ($2.53M). Over the past 5 years the exports of Japan to Madagascar have increased at an annualized rate of 1.22%, from $22.8M in 2018 to $24.2M in 2023.

In 2023, Japan did not export any services to Madagascar.

Madagascar-Japan Trade: In 2023, Madagascar exported $345M to Japan. The main products that Madagascar exported to Japan were Raw Nickel ($289M), Cobalt ($24.8M), and Crustaceans ($4.7M). Over the past 5 years the exports of Madagascar to Japan have increased at an annualized rate of 7.57%,  from $239M in 2018 to $345M in 2023.

In 2023, Madagascar did not export any services to Japan.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥160M and imported ¥1.23B from Madagascar, resulting in a negative trade balance of ¥1.07B. Between November 2023 and November 2024 the exports of Japan have increased by ¥59M (58.3%) from ¥101M to ¥160M, while imports decreased by ¥-425M (-25.7%) from ¥1.65B to ¥1.23B.

Trade In November 2024, the top exports of Japan to Madagascar were Cars (¥15M), Delivery Trucks (¥14.7M), Motorcycles and cycles (¥13M), Commodities not elsewhere specified (¥9.67M), and Synthetic Filament Yarn Woven Fabric (¥1.84M). In November 2024 the top imports of Japan from Madagascar were Raw Nickel (¥2.92B), Cobalt (¥328M), Precious Stones (¥194M), Graphite (¥92.5M), and Vanilla (¥71.9M).

Origins In November 2024 the exports of Japan were mainly from Chiba (¥61.7M), Hyōgo (¥37M), Aichi (¥36.9M), Kanagawa (¥14.1M), and Shizuoka (¥9.45M), while imports destinations were mainly Osaka (¥751M), Tokyo (¥212M), Chiba (¥138M), Hyōgo (¥92.8M), and Hokkaido (¥20M).

Growth In November 2024, the increase in Japan's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Delivery Trucks (¥5.87M or 66.4%) and Synthetic Filament Yarn Woven Fabric (¥1.24M or 209%). In November 2024, the decrease in Japan's year-by-year imports  from Madagascar was explained primarily by an decrease in product imports  in Cobalt (¥-199M or -37.8%), Vanilla (¥-89.9M or -55.6%), and Knit Men's Suits (¥-13.6M or -32.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥59M(58.3%)
IMPORT GROWTH (November 2023 - November 2024)¥-425M(-25.7%)
MAIN EXPORTER (November 2024)Chiba¥61.7M

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

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

For full datasets download visit Bulk Download page.

Explore Madagascar and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $24.2M to Madagascar. The main products exported from Japan to Madagascar were Recreational Boats ($3.65M), Non-Retail Artificial Filament Yarn ($2.69M), and Cars ($2.53M). During the last 5 years the exports of Japan to Madagascar have increased at an annualized rate of 1.22%, from $22.8M in 2018 to $24.2M in 2023.

In 2018, Madagascar exported $345M to Japan. The main products exported from Madagascar to Japan were Raw Nickel ($289M), Cobalt ($24.8M), and Crustaceans ($4.7M). During the last 5 years the exports of Madagascar to Japan have increased at an annualized rate of 7.57%, from $239M in 2023 to $345M in 2018.

Exports from Japan (Flag) to Madagascar (Flag) (2023)

Exports from Madagascar (Flag) to Japan (Flag) (2023)

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Madagascar
Top DestinationUnited States$669M

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

In 2023, countries that imported more from Japan than Madagascar included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Madagascar than Japan included Comoros ($7.69M), Chad ($896k), and San Marino ($3.79k).

Difference in imports from Madagascar (Flag) and Japan (Flag) (2023)

Comparative Advantage Japan - Madagascar

Flow
Scale

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

During 2023, Japan had a large net trade with Madagascar in the exports of Transportation ($10.4M), Machines ($4.68M), and Textiles ($2.92M).

During 2018, Madagascar had a large net trade with Japan in the exports of Metals ($314M), Vegetable Products ($10.2M), and Textiles ($5.78M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Madagascar+$3.54MCars
Top Product Potential Madagascar Japan+$5.83MCobalt

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

Product Space of Japan (Flag) and Madagascar (Flag) (2023)

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