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2022
Flag → Flag
Exports $9.78kRnk 145 / 157
2022
Flag → Flag
Top Product $5.15kPackaged Medicaments
2022
Flag → Flag
Exports $110kRnk 35 / 107
2022
Flag → Flag
Top Product $110kHeavy Pure Woven Cotton
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
 GDP$2.55BCURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP GROWTH3.06%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC $505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC$1,107CURRENT US$
Rnk 164 / 186
2012-2022
Flag
GDP PC GROWTH-8.17%CURRENT US$
Rnk 160 / 186

About

Madagascar-Lesotho Trade: In 2022, Madagascar exported $9.78k to Lesotho. The main products that Madagascar exported to Lesotho were Packaged Medicaments ($5.15k), Vitamins ($4.54k), and Non-Knit Men's Suits ($79). Over the past 8 years the exports of Madagascar to Lesotho have decreased at an annualized rate of 8.3%, from $19.6k in 2014 to $9.78k in 2022.

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

Lesotho-Madagascar Trade: In 2022, Lesotho exported $110k to Madagascar. The main products that Lesotho exported to Madagascar were Heavy Pure Woven Cotton ($110k) and Light Rubberized Knitted Fabric ($4). Over the past 8 years the exports of Lesotho to Madagascar have decreased at an annualized rate of 29.5%,  from $636k in 2014 to $110k in 2022.

In 2022, Lesotho 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, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $9.78k to Lesotho. The main products exported from Madagascar to Lesotho were Packaged Medicaments ($5.15k), Vitamins ($4.54k), and Non-Knit Men's Suits ($79). During the last 8 years the exports of Madagascar to Lesotho have decreased at an annualized rate of 8.3%, from $19.6k in 2014 to $9.78k in 2022.

In 2017, Lesotho exported $110k to Madagascar. The main products exported from Lesotho to Madagascar were Heavy Pure Woven Cotton ($110k) and Light Rubberized Knitted Fabric ($4). During the last 5 years the exports of Lesotho to Madagascar have decreased at an annualized rate of 29.5%, from $636k in 2022 to $110k in 2017.

Exports from Madagascar (Flag) to Lesotho (Flag) (2022)

Exports from Lesotho (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and Lesotho (Flag)

Madagascar Exports

Lesotho Exports

Date

Market Competitiveness

Color
Madagascar
Top DestinationUnited States$756M
Lesotho
Top DestinationSouth Africa$434M

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

In 2022, countries that imported more from Madagascar than Lesotho included France ($634M), China ($538M), and Japan ($448M).

In 2022, countries that imported more from Lesotho than Madagascar included South Africa ($434M), Belgium ($219M), and Eswatini ($11.3M).

Difference in imports from Lesotho (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - Lesotho

Flow
Scale

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

During 2022, Madagascar had a large net trade with Lesotho in the exports of Chemical Products ($9.7k) and Textiles ($79).

During 2017, Lesotho had a large net trade with Madagascar in the exports of Textiles ($110k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Madagascar Lesotho+$1.67kRefined Petroleum
Top Product Potential Lesotho Madagascar+$48kHeavy Pure Woven Cotton

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

Product Space of Madagascar (Flag) and Lesotho (Flag) (2022)

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