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2023
Flag → Flag
Exports $10.5MRnk 33 / 156
2023
Flag → Flag
Top Product $3.42MFake Hair
2023
Flag → Flag
Exports $43.3MRnk 87 / 198
2023
Flag → Flag
Top Product $6.18MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 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$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Madagascar-Hong Kong Trade: In 2023, Madagascar exported $10.5M to Hong Kong. The main products that Madagascar exported to Hong Kong were Fake Hair ($3.42M), Processed Crustaceans ($2.56M), and Scrap Copper ($1.1M). Over the past 5 years the exports of Madagascar to Hong Kong have increased at an annualized rate of 2.36%, from $9.32M in 2018 to $10.5M in 2023.

In 2023, Madagascar did not export any services to Hong Kong.

Hong Kong-Madagascar Trade: In 2023, Hong Kong exported $43.3M to Madagascar. The main products that Hong Kong exported to Madagascar were Broadcasting Equipment ($6.18M), Light Rubberized Knitted Fabric ($2.93M), and Paper Labels ($2.32M). Over the past 5 years the exports of Hong Kong to Madagascar have decreased at an annualized rate of 6.37%,  from $64.2M in 2018 to $43.3M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Madagascar exported $10.5M to Hong Kong. The main products exported from Madagascar to Hong Kong were Fake Hair ($3.42M), Processed Crustaceans ($2.56M), and Scrap Copper ($1.1M). During the last 5 years the exports of Madagascar to Hong Kong have increased at an annualized rate of 2.36%, from $9.32M in 2018 to $10.5M in 2023.

In 2018, Hong Kong exported $43.3M to Madagascar. The main products exported from Hong Kong to Madagascar were Broadcasting Equipment ($6.18M), Light Rubberized Knitted Fabric ($2.93M), and Paper Labels ($2.32M). During the last 5 years the exports of Hong Kong to Madagascar have decreased at an annualized rate of 6.37%, from $64.2M in 2023 to $43.3M in 2018.

Exports from Madagascar (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Madagascar (Flag) (2023)

Latest Data

Trade between Madagascar (Flag) and Hong Kong (Flag)

Madagascar Exports

Hong Kong Exports

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$669M
Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from Madagascar than Hong Kong included South Africa ($161M), Mauritius ($46.5M), and Comoros ($7.69M).

In 2023, countries that imported more from Hong Kong than Madagascar included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Madagascar (Flag) (2023)

Comparative Advantage Madagascar - Hong Kong

Flow
Scale

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

During 2023, Madagascar had a large net trade with Hong Kong in the exports of Footwear and Headwear ($3.43M), Foodstuffs ($2.57M), and Textiles ($1.71M).

During 2018, Hong Kong had a large net trade with Madagascar in the exports of Machines ($14.7M), Textiles ($13.9M), and Plastics and Rubbers ($3.19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Hong Kong+$1.54MPrecious Stones
Top Product Potential Hong Kong Madagascar+$2.1MTelephones

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

Product Space of Madagascar (Flag) and Hong Kong (Flag) (2023)

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