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2023
Flag → Flag
Exports $11.7MRnk 32 / 156
2023
Flag → Flag
Top Product $8.86MRaw Nickel
2023
Flag → Flag
Exports $7.7MRnk 144 / 217
2023
Flag → Flag
Top Product $2.25MVaccines, blood, antisera, toxins and cultures
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 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$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Madagascar-Denmark Trade: In 2023, Madagascar exported $11.7M to Denmark. The main products that Madagascar exported to Denmark were Raw Nickel ($8.86M), Other Processed Fruits and Nuts ($916k), and Industrial Food Preperation Machinery ($553k). Over the past 5 years the exports of Madagascar to Denmark have increased at an annualized rate of 23.8%, from $4.04M in 2018 to $11.7M in 2023.

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

Denmark-Madagascar Trade: In 2023, Denmark exported $7.7M to Madagascar. The main products that Denmark exported to Madagascar were Vaccines, blood, antisera, toxins and cultures ($2.25M), Other Edible Preparations ($1.23M), and Computers ($1.17M). Over the past 5 years the exports of Denmark to Madagascar have increased at an annualized rate of 0.77%,  from $7.41M in 2018 to $7.7M in 2023.

In 2023, Denmark 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, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $11.7M to Denmark. The main products exported from Madagascar to Denmark were Raw Nickel ($8.86M), Other Processed Fruits and Nuts ($916k), and Industrial Food Preperation Machinery ($553k). During the last 5 years the exports of Madagascar to Denmark have increased at an annualized rate of 23.8%, from $4.04M in 2018 to $11.7M in 2023.

In 2018, Denmark exported $7.7M to Madagascar. The main products exported from Denmark to Madagascar were Vaccines, blood, antisera, toxins and cultures ($2.25M), Other Edible Preparations ($1.23M), and Computers ($1.17M). During the last 5 years the exports of Denmark to Madagascar have increased at an annualized rate of 0.77%, from $7.41M in 2023 to $7.7M in 2018.

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

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

Latest Data

Trade between Madagascar (Flag) and Denmark (Flag)

Madagascar Exports

Denmark Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Madagascar than Denmark included Mauritius ($46.5M) and Comoros ($7.69M).

In 2023, countries that imported more from Denmark than Madagascar included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

Comparative Advantage Madagascar - Denmark

Flow
Scale

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

During 2023, Madagascar had a large net trade with Denmark in the exports of Metals ($8.89M), Foodstuffs ($972k), and Machines ($553k).

During 2018, Denmark had a large net trade with Madagascar in the exports of Chemical Products ($3.02M), Machines ($2.81M), and Foodstuffs ($1.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Denmark+$212kRefined Petroleum
Top Product Potential Denmark Madagascar+$1.01MPackaged Medicaments

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

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

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