Madagascar (MDG) and Ireland (IRL) Trade | The Observatory of Economic Complexity

About

Madagascar-Ireland Trade: In 2022, Madagascar exported $1.84M to Ireland. The main products that Madagascar exported to Ireland were Knit T-shirts ($419k), Knit Sweaters ($244k), and Other Knit Garments ($242k). Over the past 5 years the exports of Madagascar to Ireland have decreased at an annualized rate of 12.6%, from $3.61M in 2017 to $1.84M in 2022.

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

Ireland-Madagascar Trade: In 2022, Ireland exported $1.14M to Madagascar. The main products that Ireland exported to Madagascar were Integrated Circuits ($233k), Computers ($180k), and Packaged Medicaments ($99.4k). Over the past 5 years the exports of Ireland to Madagascar have decreased at an annualized rate of 15.5%, from $2.64M in 2017 to $1.14M in 2022.

In 2022, Ireland 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Madagascar exported $1.84M to Ireland. The main products exported from Madagascar to Ireland were Knit T-shirts ($419k), Knit Sweaters ($244k), and Other Knit Garments ($242k). During the last 5 years the exports of Madagascar to Ireland have decreased at an annualized rate of 12.6%, from $3.61M in 2017 to $1.84M in 2022.

In 2017, Ireland exported $1.14M to Madagascar. The main products exported from Ireland to Madagascar were Integrated Circuits ($233k), Computers ($180k), and Packaged Medicaments ($99.4k). During the last 5 years the exports of Ireland to Madagascar have decreased at an annualized rate of 15.5%, from $2.64M in 2022 to $1.14M in 2017.

Exports from Madagascar () to Ireland () (2022)

Exports from Ireland () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Ireland ()

Madagascar Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Madagascar than Ireland included Mauritius ($44.7M), Comoros ($7.03M), and Seychelles ($4.15M).

In 2022, countries that imported more from Ireland than Madagascar included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Madagascar - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Ireland in the exports of Textiles ($1.5M), Vegetable Products ($161k), and Foodstuffs ($68k).

During 2017, Ireland had a large net trade with Madagascar in the exports of Machines ($588k), Chemical Products ($212k), and Plastics and Rubbers ($122k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Madagascar Ireland+$762kKnit T-shirts

Top Product Potential Ireland Madagascar+$456kPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Ireland () (2022)

Exports from Ireland () to Madagascar () (2022)

Latest Data

Trade between Madagascar () and Ireland ()

Madagascar Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Madagascar - Ireland

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring