Madagascar (MDG) and Indonesia (IDN) Trade | The Observatory of Economic Complexity

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Madagascar-Indonesia Trade: In 2022, Madagascar exported $25.2M to Indonesia. The main products that Madagascar exported to Indonesia were Cloves ($107M), Essential Oils ($31.8M), and Fake Hair ($2.97M). Over the past 5 years the exports of Madagascar to Indonesia have increased at an annualized rate of 150%, from $260k in 2017 to $25.2M in 2022.

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

Indonesia-Madagascar Trade: In 2022, Indonesia exported $75.2M to Madagascar. The main products that Indonesia exported to Madagascar were Soap ($13.3M), Palm Oil ($11.9M), and Cranes ($5.62M). Over the past 5 years the exports of Indonesia to Madagascar have increased at an annualized rate of 99.8%, from $2.36M in 2017 to $75.2M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $25.2M to Indonesia. The main products exported from Madagascar to Indonesia were Cloves ($107M), Essential Oils ($31.8M), and Fake Hair ($2.97M). During the last 5 years the exports of Madagascar to Indonesia have increased at an annualized rate of 150%, from $260k in 2017 to $25.2M in 2022.

In 2017, Indonesia exported $75.2M to Madagascar. The main products exported from Indonesia to Madagascar were Soap ($13.3M), Palm Oil ($11.9M), and Cranes ($5.62M). During the last 22 years the exports of Indonesia to Madagascar have increased at an annualized rate of 99.8%, from $2.36M in 1995 to $75.2M in 2017.

Exports from Madagascar () to Indonesia () (2022)

Exports from Indonesia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Indonesia ()

Madagascar Exports

Date

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Indonesia
Top DestinationChina$67.7B

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

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

In 2022, countries that imported more from Indonesia than Madagascar included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

Difference in imports from Indonesia () and Madagascar () (2022)

Comparative Advantage Madagascar - Indonesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Indonesia in the exports of Vegetable Products ($108M), Chemical Products ($33.7M), and Footwear and Headwear ($3.44M).

During 2017, Indonesia had a large net trade with Madagascar in the exports of Chemical Products ($25.3M), Animal and Vegetable Bi-Products ($17.6M), and Paper Goods ($10.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Indonesia+$1.32MCocoa Beans

Top Product Potential Indonesia Madagascar+$9.74MPalm Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Indonesia () (2022)

Exports from Indonesia () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Indonesia ()

Madagascar Exports

Indonesia Exports

Market Competitiveness

Difference in imports from Indonesia () and Madagascar () (2022)

Comparative Advantage Madagascar - Indonesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Madagascar () and Indonesia () (2022)

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