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2023
Flag → Flag
Exports $313kRnk 102 / 156
2023
Flag → Flag
Top Product $313kOther Edible Preparations
2023
Flag → Flag
Exports $268kRnk 14 / 74
2023
Flag → Flag
Top Product $252kWheat
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

Madagascar-Eritrea Trade: In 2023, Madagascar exported $313k to Eritrea. The main products that Madagascar exported to Eritrea were Other Edible Preparations ($313k). Over the past 6 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 9.39%, from $566k in 2017 to $313k in 2023.

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

Eritrea-Madagascar Trade: In 2023, Eritrea exported $268k to Madagascar. The main products that Eritrea exported to Madagascar were Wheat ($252k), Centrifuges ($10.9k), and Parachutes ($2.85k). Over the past 6 years the exports of Eritrea to Madagascar have increased at an annualized rate of 29.4%,  from $74k in 2017 to $268k in 2023.

In 2023, Eritrea 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, Eritrea ranked 169 in total exports ($529M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $313k to Eritrea. The main products exported from Madagascar to Eritrea were Other Edible Preparations ($313k). During the last 6 years the exports of Madagascar to Eritrea have decreased at an annualized rate of 9.39%, from $566k in 2017 to $313k in 2023.

In 2018, Eritrea exported $268k to Madagascar. The main products exported from Eritrea to Madagascar were Wheat ($252k), Centrifuges ($10.9k), and Parachutes ($2.85k). During the last 5 years the exports of Eritrea to Madagascar have increased at an annualized rate of 29.4%, from $74k in 2023 to $268k in 2018.

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

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

Latest Data

Trade between Madagascar (Flag) and Eritrea (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Eritrea
Top DestinationChina$355M

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 2023, countries that imported more from Madagascar than Eritrea included United States ($669M), France ($641M), and Japan ($345M).

In 2023, countries that imported more from Eritrea than Madagascar included China ($355M), United Arab Emirates ($137M), and Philippines ($23.8M).

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

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 2023, Madagascar had a large net trade with Eritrea in the exports of Foodstuffs ($313k).

During 2018, Eritrea had a large net trade with Madagascar in the exports of Vegetable Products ($252k), Machines ($10.9k), and Transportation ($3.36k).

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) (2023)

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