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2021
Flag → Flag
Exports $14.4kRnk 35 / 0
2021
Flag → Flag
Exports $14.9MRnk 5 / 75
2021
Flag → Flag
Top Product $14.9MWheat
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Madagascar-Eritrea Trade: In 2021, Madagascar exported $14.4k to Eritrea. The main products that Madagascar exported to Eritrea were N/A. Over the past 5 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 48.9%, from $412k in 2016 to $14.4k in 2021.

In 2021, Madagascar did not export any services to Eritrea.

Eritrea-Madagascar Trade: In 2021, Eritrea exported $14.9M to Madagascar. The main products that Eritrea exported to Madagascar were Wheat ($14.9M), Centrifuges ($20.4k), and Other Heating Machinery ($2.58k). Over the past 5 years the exports of Eritrea to Madagascar have increased at an annualized rate of 190%,  from $72.7k in 2016 to $14.9M in 2021.

In 2021, Eritrea 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, Eritrea ranked 163 in total exports ($789M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Madagascar exported $14.4k to Eritrea. There were not main exports from Madagascar to Eritrea in 2021. During the last 5 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 48.9%, from $412k in 2016 to $14.4k in 2021.

In 2017, Eritrea exported $14.9M to Madagascar. The main products exported from Eritrea to Madagascar were Wheat ($14.9M), Centrifuges ($20.4k), and Other Heating Machinery ($2.58k). During the last 5 years the exports of Eritrea to Madagascar have increased at an annualized rate of 190%, from $72.7k in 2022 to $14.9M in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Eritrea (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Eritrea
Top DestinationChina$412M

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

In 2022, countries that imported more from Madagascar than Eritrea included United States ($756M), France ($634M), and Japan ($448M).

In 2022, countries that imported more from Eritrea than Madagascar included United Arab Emirates ($263M) and Croatia ($3.42M).

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

Comparative Advantage Madagascar - Eritrea

Flow
Scale

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

During 2021, Madagascar had a large net trade with Eritrea in the exports of .

During 2017, Eritrea had a large net trade with Madagascar in the exports of Vegetable Products ($14.9M), Machines ($23.5k), and Transportation ($2.03k).

Economic Complexity

Competitive Landscape

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

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

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