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2023
Flag → Flag
Exports $3.49MRnk 48 / 156
2023
Flag → Flag
Top Product $2.54MAnimal Food
2023
Flag → Flag
Exports $3.19MRnk 102 / 138
2023
Flag → Flag
Top Product $1.47MLight Rubberized Knitted Fabric
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Madagascar-Bangladesh Trade: In 2023, Madagascar exported $3.49M to Bangladesh. The main products that Madagascar exported to Bangladesh were Animal Food ($2.54M), Cloves ($568k), and Packing Bags ($231k). Over the past 5 years the exports of Madagascar to Bangladesh have increased at an annualized rate of 16.2%, from $1.65M in 2018 to $3.49M in 2023.

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

Bangladesh-Madagascar Trade: In 2023, Bangladesh exported $3.19M to Madagascar. The main products that Bangladesh exported to Madagascar were Light Rubberized Knitted Fabric ($1.47M), Packing Bags ($872k), and Baked Goods ($435k). Over the past 5 years the exports of Bangladesh to Madagascar have increased at an annualized rate of 19.5%,  from $1.31M in 2018 to $3.19M in 2023.

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

Comparison: In 2023,  Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $3.49M to Bangladesh. The main products exported from Madagascar to Bangladesh were Animal Food ($2.54M), Cloves ($568k), and Packing Bags ($231k). During the last 5 years the exports of Madagascar to Bangladesh have increased at an annualized rate of 16.2%, from $1.65M in 2018 to $3.49M in 2023.

In 2018, Bangladesh exported $3.19M to Madagascar. The main products exported from Bangladesh to Madagascar were Light Rubberized Knitted Fabric ($1.47M), Packing Bags ($872k), and Baked Goods ($435k). During the last 5 years the exports of Bangladesh to Madagascar have increased at an annualized rate of 19.5%, from $1.31M in 2023 to $3.19M in 2018.

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

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

Latest Data

Trade between Madagascar (Flag) and Bangladesh (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Madagascar than Bangladesh included South Korea ($271M), Indonesia ($165M), and South Africa ($161M).

In 2023, countries that imported more from Bangladesh than Madagascar included Germany ($8.28B), United States ($8.58B), and United Kingdom ($4.25B).

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

Comparative Advantage Madagascar - Bangladesh

Flow
Scale

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

During 2023, Madagascar had a large net trade with Bangladesh in the exports of Foodstuffs ($2.54M), Vegetable Products ($624k), and Textiles ($231k).

During 2018, Bangladesh had a large net trade with Madagascar in the exports of Textiles ($2.58M), Foodstuffs ($515k), and Chemical Products ($34.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Bangladesh+$447kCloves
Top Product Potential Bangladesh Madagascar+$110kNon-Retail Pure Cotton Yarn

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

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

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