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Pricing

2022
Flag → Flag
Exports $39.3MRnk 19 / 157
2022
Flag → Flag
Top Product $9.06MNon-Knit Men's Shirts
2022
Flag → Flag
Exports $51.7MRnk 127 / 218
2022
Flag → Flag
Top Product $5.47MSoups and Broths
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Madagascar-Spain Trade: In 2022, Madagascar exported $39.3M to Spain. The main products that Madagascar exported to Spain were Non-Knit Men's Shirts ($9.06M), Cobalt ($3.23M), and Basketwork ($3.08M). Over the past 5 years the exports of Madagascar to Spain have decreased at an annualized rate of 13.2%, from $79.9M in 2017 to $39.3M in 2022.

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

Spain-Madagascar Trade: In 2022, Spain exported $51.7M to Madagascar. The main products that Spain exported to Madagascar were Soups and Broths ($5.47M), Unglazed Ceramics ($5.04M), and Coated Flat-Rolled Iron ($4.69M). Over the past 5 years the exports of Spain to Madagascar have decreased at an annualized rate of 0.55%,  from $53.2M in 2017 to $51.7M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Latest Data

Trade between Madagascar (Flag) and Spain (Flag)

Madagascar Exports

Spain Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Spain
Top DestinationFrance$65.2B

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 2022, countries that imported more from Madagascar than Spain included Comoros ($7.03M).

In 2022, countries that imported more from Spain than Madagascar included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Madagascar (Flag) and Spain (Flag) (NaN)

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