Madagascar (MDG) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Madagascar-Ghana Trade: In 2023, Madagascar exported $1.61M to Ghana. The main products that Madagascar exported to Ghana were Other Edible Preparations ($720k), Cloves ($449k), and Coconut and Other Vegetable Fibers ($164k). Over the past 5 years the exports of Madagascar to Ghana have decreased at an annualized rate of 12.8%, from $3.19M in 2018 to $1.61M in 2023.

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

Ghana-Madagascar Trade: In 2023, Ghana exported $1.85M to Madagascar. The main products that Ghana exported to Madagascar were Buckwheat ($529k), Malt Extract ($383k), and Other Plastic Products ($315k). Over the past 5 years the exports of Ghana to Madagascar have increased at an annualized rate of 58.4%, from $46.6k in 2018 to $1.85M in 2023.

In 2023, Ghana 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, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Madagascar exported $1.61M to Ghana. The main products exported from Madagascar to Ghana were Other Edible Preparations ($720k), Cloves ($449k), and Coconut and Other Vegetable Fibers ($164k). During the last 5 years the exports of Madagascar to Ghana have decreased at an annualized rate of 12.8%, from $3.19M in 2018 to $1.61M in 2023.

In 2018, Ghana exported $1.85M to Madagascar. The main products exported from Ghana to Madagascar were Buckwheat ($529k), Malt Extract ($383k), and Other Plastic Products ($315k). During the last 5 years the exports of Ghana to Madagascar have increased at an annualized rate of 58.4%, from $46.6k in 2023 to $1.85M in 2018.

Exports from Madagascar () to Ghana () (2023)

Exports from Ghana () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Ghana ()

Madagascar Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$669M

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Madagascar than Ghana included France ($641M), South Korea ($271M), and Japan ($345M).

In 2023, countries that imported more from Ghana than Madagascar included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

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

Comparative Advantage Madagascar - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Madagascar had a large net trade with Ghana in the exports of Foodstuffs ($720k), Vegetable Products ($477k), and Textiles ($362k).

During 2018, Ghana had a large net trade with Madagascar in the exports of Vegetable Products ($529k), Foodstuffs ($383k), and Plastics and Rubbers ($315k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Ghana+$326kNitrogenous Fertilizers

Top Product Potential Ghana Madagascar+$72.8kPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Ghana () (2023)

Exports from Ghana () to Madagascar () (2023)

Latest Data

Trade between Madagascar () and Ghana ()

Madagascar Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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