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Pricing

2022
Flag → Flag
Exports $102kRnk 121 / 157
2022
Flag → Flag
Top Product $47kCloves
2022
Flag → Flag
Exports $129kRnk 137 / 170
2022
Flag → Flag
Top Product $107kCleaning Products
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Madagascar-Ecuador Trade: In 2022, Madagascar exported $102k to Ecuador. The main products that Madagascar exported to Ecuador were Cloves ($47k), Non-Knit Men's Shirts ($25.8k), and Non-Knit Women's Suits ($8.43k). Over the past 5 years the exports of Madagascar to Ecuador have decreased at an annualized rate of 27.5%, from $509k in 2017 to $102k in 2022.

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

Ecuador-Madagascar Trade: In 2022, Ecuador exported $129k to Madagascar. The main products that Ecuador exported to Madagascar were Cleaning Products ($107k) and Liquid Pumps ($22.1k). Over the past 5 years the exports of Ecuador to Madagascar have decreased at an annualized rate of 27.7%,  from $651k in 2017 to $129k in 2022.

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

Comparison: In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $102k to Ecuador. The main products exported from Madagascar to Ecuador were Cloves ($47k), Non-Knit Men's Shirts ($25.8k), and Non-Knit Women's Suits ($8.43k). During the last 5 years the exports of Madagascar to Ecuador have decreased at an annualized rate of 27.5%, from $509k in 2017 to $102k in 2022.

In 2017, Ecuador exported $129k to Madagascar. The main products exported from Ecuador to Madagascar were Cleaning Products ($107k) and Liquid Pumps ($22.1k). During the last 5 years the exports of Ecuador to Madagascar have decreased at an annualized rate of 27.7%, from $651k in 2022 to $129k in 2017.

Exports from Madagascar (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Ecuador (Flag)

Madagascar Exports

Date

Ecuador Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Madagascar than Ecuador included France ($634M), South Africa ($152M), and Singapore ($91.5M).

In 2022, countries that imported more from Ecuador than Madagascar included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

Difference in imports from Ecuador (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Ecuador

Flow
Scale

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

During 2022, Madagascar had a large net trade with Ecuador in the exports of Textiles ($54.7k), Vegetable Products ($47k), and Chemical Products ($298).

During 2017, Ecuador had a large net trade with Madagascar in the exports of Chemical Products ($107k) and Machines ($22.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Ecuador+$55.3kCloves
Top Product Potential Ecuador Madagascar+$26.7kCleaning Products

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

Product Space of Madagascar (Flag) and Ecuador (Flag) (2022)

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