Madagascar (MDG) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Madagascar-Brazil Trade: In 2023, Madagascar exported $5.61M to Brazil. The main products that Madagascar exported to Brazil were Niobium, Tantalum, Vanadium and Zirconium Ore ($3.27M), Cloves ($504k), and Essential Oils ($379k). Over the past 5 years the exports of Madagascar to Brazil have increased at an annualized rate of 11.5%, from $3.25M in 2018 to $5.61M in 2023.

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

Brazil-Madagascar Trade: In 2023, Brazil exported $58.4M to Madagascar. The main products that Brazil exported to Madagascar were Raw Sugar ($40.1M), Soybean Oil ($14.4M), and Kraft Paper ($318k). Over the past 5 years the exports of Brazil to Madagascar have increased at an annualized rate of 19.3%, from $24.2M in 2018 to $58.4M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $5.61M to Brazil. The main products exported from Madagascar to Brazil were Niobium, Tantalum, Vanadium and Zirconium Ore ($3.27M), Cloves ($504k), and Essential Oils ($379k). During the last 5 years the exports of Madagascar to Brazil have increased at an annualized rate of 11.5%, from $3.25M in 2018 to $5.61M in 2023.

In 2018, Brazil exported $58.4M to Madagascar. The main products exported from Brazil to Madagascar were Raw Sugar ($40.1M), Soybean Oil ($14.4M), and Kraft Paper ($318k). During the last 5 years the exports of Brazil to Madagascar have increased at an annualized rate of 19.3%, from $24.2M in 2023 to $58.4M in 2018.

Exports from Madagascar () to Brazil () (2023)

Exports from Brazil () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Brazil ()

Madagascar Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Madagascar than Brazil included Eritrea ($313k).

In 2023, countries that imported more from Brazil than Madagascar included China ($106B), United States ($37B), and Argentina ($17.2B).

Difference in imports from Brazil () and Madagascar () (2023)

Comparative Advantage Madagascar - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Brazil in the exports of Mineral Products ($3.31M), Textiles ($692k), and Chemical Products ($641k).

During 2018, Brazil had a large net trade with Madagascar in the exports of Foodstuffs ($40.6M), Animal and Vegetable Bi-Products ($14.7M), and Transportation ($636k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Brazil+$440kNiobium, Tantalum, Vanadium and Zirconium Ore

Top Product Potential Brazil Madagascar+$1.49MSoybean Oil

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

Year

This visualization shows the product space at the HS4 level with the flags of Madagascar and Brazil. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Madagascar.

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Brazil () (2023)

Exports from Brazil () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Brazil ()

Madagascar Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Madagascar () (2023)

Comparative Advantage Madagascar - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Brazil () (2023)

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