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Pricing

2022
Flag → Flag
Exports $66MRnk 15 / 157
2022
Flag → Flag
Top Product $14.8MKnit Sweaters
2022
Flag → Flag
Exports $26.2MRnk 153 / 224
2022
Flag → Flag
Top Product $2.46MHeavy Synthetic Cotton Fabrics
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Madagascar-United Kingdom Trade: In 2022, Madagascar exported $66M to United Kingdom. The main products that Madagascar exported to United Kingdom were Knit Sweaters ($14.8M), Vanilla ($9.85M), and Other Knit Garments ($6.27M). Over the past 5 years the exports of Madagascar to United Kingdom have increased at an annualized rate of 5.77%, from $49.9M in 2017 to $66M in 2022.

In 2022, Madagascar did not export any services to United Kingdom.

United Kingdom-Madagascar Trade: In 2022, United Kingdom exported $26.2M to Madagascar. The main products that United Kingdom exported to Madagascar were Heavy Synthetic Cotton Fabrics ($2.46M), Other Plastic Products ($1.67M), and Chemical Analysis Instruments ($1.2M). Over the past 5 years the exports of United Kingdom to Madagascar have decreased at an annualized rate of 14%,  from $55.7M in 2017 to $26.2M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $66M to United Kingdom. The main products exported from Madagascar to United Kingdom were Knit Sweaters ($14.8M), Vanilla ($9.85M), and Other Knit Garments ($6.27M). During the last 5 years the exports of Madagascar to United Kingdom have increased at an annualized rate of 5.77%, from $49.9M in 2017 to $66M in 2022.

In 2017, United Kingdom exported $26.2M to Madagascar. The main products exported from United Kingdom to Madagascar were Heavy Synthetic Cotton Fabrics ($2.46M), Other Plastic Products ($1.67M), and Chemical Analysis Instruments ($1.2M). During the last 5 years the exports of United Kingdom to Madagascar have decreased at an annualized rate of 14%, from $55.7M in 2022 to $26.2M in 2017.

Exports from Madagascar (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and United Kingdom (Flag)

Madagascar Exports

United Kingdom Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
United Kingdom
Top DestinationUnited States$61.8B

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

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

In 2022, countries that imported more from United Kingdom than Madagascar included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - United Kingdom

Flow
Scale

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

During 2022, Madagascar had a large net trade with United Kingdom in the exports of Textiles ($42.6M), Vegetable Products ($13.8M), and Precious Metals ($2.74M).

During 2017, United Kingdom had a large net trade with Madagascar in the exports of Machines ($9.43M), Textiles ($4.86M), and Plastics and Rubbers ($2.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar United Kingdom+$13.1MKnit Sweaters
Top Product Potential United Kingdom Madagascar+$1.6MPackaged Medicaments

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

Product Space of Madagascar (Flag) and United Kingdom (Flag) (2022)

Keep Exploring

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