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2023
Flag → Flag
Exports $306kRnk 103 / 156
2023
Flag → Flag
Top Product $255kCloves
2023
Flag → Flag
Exports $728Rnk 103 / 0
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$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH312%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC $506CURRENT US$
Rnk 192 / 195
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195
2023
Flag
GDP PC$20,765CURRENT US$
Rnk 63 / 196
2013-2023
Flag
GDP PC GROWTH274%CURRENT US$
Rnk 1 / 195

About

Madagascar-Guyana Trade: In 2023, Madagascar exported $306k to Guyana. The main products that Madagascar exported to Guyana were Cloves ($255k), Dried Legumes ($50.7k), and Twine and Rope ($215). Over the past 5 years the exports of Madagascar to Guyana have increased at an annualized rate of 79.8%, from $16.3k in 2018 to $306k in 2023.

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

Guyana-Madagascar Trade: In 2023, Guyana exported $728 to Madagascar. The main products that Guyana exported to Madagascar were N/A. Over the past 5 years the exports of Guyana to Madagascar have decreased at an annualized rate of 16.7%,  from $3.76k in 2018 to $728 in 2023.

In 2023, Guyana 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, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $306k to Guyana. The main products exported from Madagascar to Guyana were Cloves ($255k), Dried Legumes ($50.7k), and Twine and Rope ($215). During the last 5 years the exports of Madagascar to Guyana have increased at an annualized rate of 79.8%, from $16.3k in 2018 to $306k in 2023.

In 2017, Guyana exported $728 to Madagascar. There were not main exports from Guyana to Madagascar in 2017. During the last 5 years the exports of Guyana to Madagascar have decreased at an annualized rate of 16.7%, from $3.76k in 2022 to $728 in 2017.

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

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

Latest Data

Trade between Madagascar (Flag) and Guyana (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Guyana
Top DestinationUnited States$3.51B

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

In 2023, countries that imported more from Madagascar than Guyana included Japan ($345M), South Korea ($271M), and Turkey ($209M).

In 2023, countries that imported more from Guyana than Madagascar included United States ($3.51B), Trinidad and Tobago ($1.9B), and Netherlands ($1.82B).

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

Comparative Advantage Madagascar - Guyana

Flow
Scale

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

During 2023, Madagascar had a large net trade with Guyana in the exports of Vegetable Products ($305k) and Textiles ($215).

During 2017, Guyana had a large net trade with Madagascar in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Madagascar (Flag) and Guyana (Flag) (2023)

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