Madagascar (MDG) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Madagascar-Spain Trade: In 2023, Madagascar exported $63.7M to Spain. The main products that Madagascar exported to Spain were Raw Nickel ($26.6M), Basketwork ($8.76M), and Non-Knit Men's Shirts ($3.76M). Over the past 5 years the exports of Madagascar to Spain have increased at an annualized rate of 2.29%, from $56.9M in 2018 to $63.7M in 2023.

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

Spain-Madagascar Trade: In 2023, Spain exported $45.6M to Madagascar. The main products that Spain exported to Madagascar were Soups and Broths ($4.47M), Petroleum Coke ($3.85M), and Unglazed Ceramics ($3.28M). Over the past 5 years the exports of Spain to Madagascar have decreased at an annualized rate of 0.94%, from $47.8M in 2018 to $45.6M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $63.7M to Spain. The main products exported from Madagascar to Spain were Raw Nickel ($26.6M), Basketwork ($8.76M), and Non-Knit Men's Shirts ($3.76M). During the last 5 years the exports of Madagascar to Spain have increased at an annualized rate of 2.29%, from $56.9M in 2018 to $63.7M in 2023.

In 2018, Spain exported $45.6M to Madagascar. The main products exported from Spain to Madagascar were Soups and Broths ($4.47M), Petroleum Coke ($3.85M), and Unglazed Ceramics ($3.28M). During the last 5 years the exports of Spain to Madagascar have decreased at an annualized rate of 0.94%, from $47.8M in 2023 to $45.6M in 2018.

Exports from Madagascar () to Spain () (2023)

Exports from Spain () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Spain ()

Madagascar Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Madagascar than Spain included Comoros ($7.69M).

In 2023, countries that imported more from Spain than Madagascar included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Madagascar - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Spain in the exports of Metals ($26.7M), Textiles ($12.1M), and Wood Products ($8.76M).

During 2018, Spain had a large net trade with Madagascar in the exports of Metals ($8.05M), Foodstuffs ($5.81M), and Transportation ($4.35M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Spain+$4.88MKnit Sweaters

Top Product Potential Spain Madagascar+$3.28MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Spain () (2023)

Exports from Spain () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Spain ()

Madagascar Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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